TFCILTD watch for breakout

22 Apr

Tourism Finance Corporation of India Ltd provides financial assistance to the tourism sector comprising hotels, resorts, restaurants, food courts, amusement parks, ropeways, multiplexes, etc
You can make an entry with R:R :: 1:4.
I am expecting TFCILTD to go bullish.

Reason:

1. Bullish Flag and POLE breakout to the upside.
   
2. Taking support at the VWAP indicates a good sign to enter.
   
3. RSI crossing 60 to upside shows good bullishness.
   
4. Successful breakout after six months.
   
5. High volume is traded on the last day, which shows a lot of interest in stock buying.
   
6. Price > EMAs show bulls are more powerful than bears. We can make an entry.
   
7. Taking successful support at 200 EMA with good buying interest(volume spike)
   

Verdict: Strong Bullish

Plan of action:
BUY: 350
Stoploss: 327
Target: 400
Trailing SL: 10 or VWAP or logical

23 Apr

Komentar

That is from templete... I have corrected the Plan of action pls check this

Plan of action:
BUY: 194.70
Stoploss: 179
Target: 258
Trailing SL: 10 or VWAP or logical