Stock recommendations (equity)

ajeetsingh

ajeetsingh

Well-Known Member
#288
#288
Need your view on tilaknagar industries
the stock had been in a downtrend and found good support around 55 levels. it commenced its uptrend and took pause after kissing 70 mark. during recent past it formed a strong base near 65 levels and witnessed couple of bounce backs. with the indicators looking quite bullish and increased volumes in the counter Can I expect the counter to move higher. Like buy around 69 with closing sl of 64 and tgt of 80-83 in short term?????
 
Y

Yagnesh07

Well-Known Member
#289
#289
ajeetsingh said:
Need your view on tilaknagar industries
the stock had been in a downtrend and found good support around 55 levels. it commenced its uptrend and took pause after kissing 70 mark. during recent past it formed a strong base near 65 levels and witnessed couple of bounce backs. with the indicators looking quite bullish and increased volumes in the counter Can I expect the counter to move higher. Like buy around 69 with closing sl of 64 and tgt of 80-83 in short term?????
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@ Ajeetsingh:

The stock is facing very stiff resis at 70 levels close abv 70 is the only hope for upward movement.
Stock did not able to cross this resis at 70 and also form a bearish engulfing line candlestick pattern on daily chart shows bearishness on this counter.
Keep SL at 62 levels
 
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