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TOURISM FINANCE CORP. OFTOURISM FINANCE CORP. OFTOURISM FINANCE CORP. OF

TOURISM FINANCE CORP. OF

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TFCILTD trade ideas

TFCILTD broke the necklineTourism Fin Corp just broke and retested the neckline of the cup pattern. It has been forming a cup pattern since 2018, and it almost took six years to reach 175 levels. Recently, it has broken the neckline or resistance level with fair volume. One more thing is that it also retested the same levels and continued the uptrend. The monthly, weekly and daily relative strength index is above 60. The volume is increasing. If it retraces near 195 to 200 levels, it would be a good entry point with previous low stop loss. If you measure the depth of the cup and put it above the neckline, that would target 325 levels.
NSE:TFCILTDLong
by vikasbhekare
5
tfciTourism Finance Corporation of India Ltd. (TFCI) is an Indian Financial Institution, set-up in 1989 upon the recommendations of the National Committee of Tourism under the aegis of Planning Commission. Established as a premier tourism financing institution, TFCI has acted as a catalyst in creation of infrastructure in hospitality segment in over 3 decades of its existence. The company has also enabled various businesses to channelize their investments into different segments and locations of the tourism industry. Set-up by a group of government organisations like IFCI, LIC, OIC, SBI, BOI, Canara Bank, etc., TFCI was instrumental in creating many firsts (viz., Indian Railways’ Palace on Wheels, Esselworld, spa/wellness resort Ananda in the Himalayas, etc.) in hospitality sector.
NSE:TFCILTDLong
by Tradernawab