TFC - Ascending channel

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.c...r-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
www.screener.in/company/TFCILTD/

www.business-standar...-117110100661_1.html

Yorum:

Scrip has managed to reach the core resistance zone..
Monthly charts have also shown the bullish surge