TCI has done a big move..37%..broke out of channel few days ago...whenever the stock has been going down especially in a channel and breaks out of the channel we should be attentive and watch...after consolidating for a couple of days it took off with BIG VOLUMES...that is when we enter..all levels marked
TCI Express - Expressway... Weekly close needed above 945!. DISC: Not a SEBI Registered. I post charts for my own study.
#TCIEXP above 845 target 853 867 880 900+ breakout retest zone 800 SL 740 dcb above 950 wcb expect 1200 1500+
This chart is an example of triangular breakout. Such breakouts can give huge potential gains. In this chart the stock NSE:TCIEXP can move by 100 points. One must keep stop loss at 745. Target could be 800/825/860. Disclaimer: Futures, stocks and options trading involves substantial risk of loss and is not suitable for every investor. The valuation of...
TCI Express - Bearish Bias - Short at current levels.
The stock is finally breaking out of a huge consolidation phase spanning over a year and now seems ready to now steam roll forward! More strength can be seen coming. As always maintain a SL in place to protect your capital!