TCPL Packaging Ltd - Weekly Chart Analysis
Current Price: ₹4,152.40 (+3.71%)
Open: ₹3,997.25 | High: ₹4,202.00 | Low: ₹3,806.75 | Close: ₹4,152.40
Key Observations
Strong Uptrend: The stock has been making higher highs and higher lows consistently, showing strong bullish momentum.
Breakout Confirmation: It has broken past previous resistance levels near ₹3,800-4,000, indicating further upside potential.
Volume Confirmation Required: If the rally continues with good volume, this breakout can sustain.
Potential Targets & Supports
Next Resistance: ₹4,400-4,500 (psychological levels).
Support Zone: ₹3,800 (recent breakout level), followed by ₹3,500.
Caution: If the stock closes below ₹3,800, it might face short-term correction.
Outlook
Bullish Bias: Holding above ₹4,000 could trigger another leg up.
Overbought Conditions Possible: If indicators like RSI are overextended, expect some profit booking.
Current Price: ₹4,152.40 (+3.71%)
Open: ₹3,997.25 | High: ₹4,202.00 | Low: ₹3,806.75 | Close: ₹4,152.40
Key Observations
Strong Uptrend: The stock has been making higher highs and higher lows consistently, showing strong bullish momentum.
Breakout Confirmation: It has broken past previous resistance levels near ₹3,800-4,000, indicating further upside potential.
Volume Confirmation Required: If the rally continues with good volume, this breakout can sustain.
Potential Targets & Supports
Next Resistance: ₹4,400-4,500 (psychological levels).
Support Zone: ₹3,800 (recent breakout level), followed by ₹3,500.
Caution: If the stock closes below ₹3,800, it might face short-term correction.
Outlook
Bullish Bias: Holding above ₹4,000 could trigger another leg up.
Overbought Conditions Possible: If indicators like RSI are overextended, expect some profit booking.
Automated Tools/Indicators/Screeners available at kkonline.org/nimblrta
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Automated Tools/Indicators/Screeners available at kkonline.org/nimblrta
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.