TFC - Ascending channel
Diupdate
As per weekly charts, Scrip is gearing up in ascending channel with higher highs and higher lows, forming strength candles wherein,
BH>50% CH% Candle. Thanks to Deishma for providing theory insights
deishman.wordpress.com/2017/09/09/how-to-fix-targets-for-investment-stocks/
BH -% is Body Height of the Candle and is the Absolute Difference between Close and Open of the Candle.
CH -% is Candle Height of the Candle and is the Absolute Difference between High and Low of the Candle.
Bullish momentum sign
1) SMA - Ongoing momentum is seeing surge
2) CCI ( Commodity channel index ) - Above 100
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Aiming towards TP and beyond thereon after entry confirmation around 156
Call- 1- 1.5 months (As per previous momentum wherein scrip managed to rise by 72% in one month)
SL as per risk appetite
screener.in/company/TFCILTD/
business-standard.com/article/news-cm/tourism-finance-corporation-of-india-standalone-net-profit-rises-17-11-in-the-september-2017-quarter-117110100661_1.html
BH>50% CH% Candle. Thanks to Deishma for providing theory insights
deishman.wordpress.com/2017/09/09/how-to-fix-targets-for-investment-stocks/
BH -% is Body Height of the Candle and is the Absolute Difference between Close and Open of the Candle.
CH -% is Candle Height of the Candle and is the Absolute Difference between High and Low of the Candle.
Bullish momentum sign
1) SMA - Ongoing momentum is seeing surge
2) CCI ( Commodity channel index ) - Above 100
_________________________________________________________________________________________
Aiming towards TP and beyond thereon after entry confirmation around 156
Call- 1- 1.5 months (As per previous momentum wherein scrip managed to rise by 72% in one month)
SL as per risk appetite
screener.in/company/TFCILTD/
business-standard.com/article/news-cm/tourism-finance-corporation-of-india-standalone-net-profit-rises-17-11-in-the-september-2017-quarter-117110100661_1.html
Catatan
Scrip has managed to reach the core resistance zone..Monthly charts have also shown the bullish surge
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