TGL is at a good buying priceTGL is at a good buying price, we can expect a good move from here for Rs 40-50
TGL trade ideas
Bearish Divergence has appeared.Bearish Divergence has appeared.
Immediate Support lies around
203 - 208
Next Support lies around 178 - 188
Bullish Momentum will resume once
it will cross 222.
TGL near trendlineTGL is in uptrend price has taken support from trend line after a good correction, good oportinuity for buying at current levels
Play on LevelsBearish Divergence on Daily TF is pushing the
price down.
Currently at Make it or Break it Situation.
Immediate Weekly Support lies around current
level otherwise next support would be around 176 - 177.
Important to Sustain 189 for further Upside.
TGL buying opportunityTGL is in uptrend price has taken good correction. good chance for buying at current levels.
Morning Star Formation on Daily TF.Morning Star Formation on Daily TF.
No Bearish Divergence yet that has matured.
a Very Important Support lies arround 173.50 - 177.50
Beautifully printed HL & Moving Up now.
Crossing & Sustaining 194 may lead it towards
200+ with ultimate target around 230.
TGL could fly to 190 from 134TGL is maintaining strong
support at 115 and will be
near 153 resistance. It
could be fly to 190 after
breaking resistance of 153.
Current price is 134.62
Note: This is not a buy/sell
call. Use stop loss.
TGLThe price action is moving in an ascending parallel channel. Currently it's trading above the middle line of the channel with the closing at 110.27. Moving forward immediate resistance lies around 115 upon breaching this level then the next resistance lies around 127. On the flip side, the initial support level lies around 105 and secondary support lies around 97.50. Upon breaking the parallel channel downward then this setup will be a failure.
Bearish Divergence is appearing on Weekly TF (negative)Bullish on Monthly as well as Weekly TF (positive)
Making HH HL on Weekly TF (positive)
ABCD Pattern triggers on Monthly basis if 113 is Sustained (positive)
However, Bearish Divergence is appearing on
Weekly TF (negative)
Weekly Support lies around 109 - 110 and then around 99 - 100
98 should be the Stoploss in Worst Case
TGL.(Analysis)Intraday/Short swingTGL is displaying strong bullish momentum, reaching new highs with an immediate target of 121, followed by 126.8. 🚀 Consider a long position, targeting a buy at retracement on higher lows (hl) or recent support levels around 116-115.5. 🎯
Analyzing the daily timeframe, indicators are supportive of bullish sentiment. The ADX (+DI) is bullish, Bollinger Bands are expanding, and the RSI is above 70, signaling bullish momentum. 📈 This confluence of indicators suggests a favorable outlook for a long trade.
Keep a close eye on the price action around support levels and consider placing a stop-loss order below key support to manage risk effectively. 🛡️ Happy trading, and may the markets be in your favor! 🌟
PSX -TGL OutlookTGL breakout the CUP & Handle pattern in daily and weekly timeframe by continuing the uptrend. Entry is recommend for medium and long term investment
Entry: CMP
Stop Loss: 105
TP1: 137
TP2: 165
✴️ Tariq Glass Entering New Long-Term Bull-MarketTariq Glass is currently maintaining its support level at 98 for the past week, representing a 38.2% Fibonacci retracement from the 106 level. Additionally, the stock has reached the breakout level of a descending trend line, signaling a robust bullish breakout. Furthermore, it has surged above the EMA50 indicator in the ongoing session. Consideration of long positions is advisable within the range of 100-98. Following the breakout from the trend line, the initial target is positioned at 104, with a secondary target at 106. Conversely, in the event of a downside breakout, employing a stop-loss strategy at 95 is recommended to mitigate risk exposure.
Hourly Bullish DivergenceImportant Note: On Weekly Basis, if 85 is
Sustained, HL will be Confirmed & we
may witness UPSIDE; Otherwise wait for 78 level
to average
TGLPlan1
Buy1 around 92.90 - 93.55 | Sell around 96 - 97
Buy2 around 86 - 86.55 | Sell around 89 - 90
Stoploss 85 (Closing basis)
Plan2
Buy Above 112 (Breakout)
TP1 around 116
TP2 around 120
TP3 around 130
Stoploss 107 (Closing basis)
