Analysis: 📈 Tomcl forms a bullish flag pattern, indicating potential upward movement. However, recent RSI divergence caused a temporary fall to form a higher low (HL), aligning RSI with the price action. The price is currently at the channel top, encountering resistance. Crossing this level with substantial volumes could trigger a bullish momentum.
Strategy: 🎯...
As we can see TOMCL is in Bullish trend by making higher high and higher low with healthy volume each day and being part of top Volume leaders. which reflect the healthy and positive activities in the stock.
Entry:23.98
SL: 21.50
TP1:26.46
TP2:28.92
The Organic Meat Company, after hitting the bottom rock started surfacing again. After crossing the price level of Rs. 23 it retraced to 0.38 level. For the last two days it has been printing the green candles which is a good sign for bulls. Yet another point in bull's favor is the crossing of RSI over its MA.
We are expecting some intraday pressure, otherwise...
TOMCL - Testing Break Down Level
TOMCL Technical Analysis Overview:
TOMCL is currently undergoing a critical testing phase, as it grapples with a bearish trend spanning nearly two years. Investors are advised to exercise caution and remain vigilant regarding key price levels.
Immediate Support at 21.40: It's important to note that a sustained trading...
