TCPL Packaging Ltd - Weekly Chart Analysis
Current Price: ₹4,152.40 (+3.71%)
Open: ₹3,997.25 | High: ₹4,202.00 | Low: ₹3,806.75 | Close: ₹4,152.40
Key Observations
Strong Uptrend: The stock has been making higher highs and higher lows consistently, showing strong bullish momentum.
Breakout Confirmation: It has broken past previous resistance levels near ₹3,800-4,000, indicating further upside potential.
Volume Confirmation Required: If the rally continues with good volume, this breakout can sustain.
Potential Targets & Supports
Next Resistance: ₹4,400-4,500 (psychological levels).
Support Zone: ₹3,800 (recent breakout level), followed by ₹3,500.
Caution: If the stock closes below ₹3,800, it might face short-term correction.
Outlook
Bullish Bias: Holding above ₹4,000 could trigger another leg up.
Overbought Conditions Possible: If indicators like RSI are overextended, expect some profit booking.
Current Price: ₹4,152.40 (+3.71%)
Open: ₹3,997.25 | High: ₹4,202.00 | Low: ₹3,806.75 | Close: ₹4,152.40
Key Observations
Strong Uptrend: The stock has been making higher highs and higher lows consistently, showing strong bullish momentum.
Breakout Confirmation: It has broken past previous resistance levels near ₹3,800-4,000, indicating further upside potential.
Volume Confirmation Required: If the rally continues with good volume, this breakout can sustain.
Potential Targets & Supports
Next Resistance: ₹4,400-4,500 (psychological levels).
Support Zone: ₹3,800 (recent breakout level), followed by ₹3,500.
Caution: If the stock closes below ₹3,800, it might face short-term correction.
Outlook
Bullish Bias: Holding above ₹4,000 could trigger another leg up.
Overbought Conditions Possible: If indicators like RSI are overextended, expect some profit booking.
Automated Tools/Indicators/Screeners available at kkonline.org/nimblrta
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Automated Tools/Indicators/Screeners available at kkonline.org/nimblrta
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.