TFCILTD near breakout?????????

27 Okt 2022

TFCILTDTFCILTD

Time Frame – Weekly

Note – Sharing chart before weekly closed. So, wait for weekly closing.

Observations:-
* Trendline breakout and weekly 200 SMA breakout done with huge volume candle
* Price trading inside the high-volume mother candle (Range 76.70 – 60.05)
* Trading in symmetrical Triangle pattern breakout above 77
* Price may show some quick upside to break the multiple resistance

Resistance – 77 / 83.85 / 100 / 115 / 134.35 / 154.40 / 182.25

Support – Weekly 200 SMA & 60 (mother candle low) & 67-60 zone


DISCLAIMER: NCFM Certified Technical Analyst. I am not SEBI registered analyst. All posts are for educational purpose only. I am not responsible for your any loss or profit. Consult your adviser before taking any trade. I help people to learn technical analysis & charts reading.