Thomas Cook - Early Trend Reversal Signals

12 Mei

THOMASCOOK Made Beautiful Chart Structure today Before Q4 Results with Good Price and Volume action.

Price Action and Base Formation Analysis:

Consolidation Base:
The stock has formed a critical consolidation base in the ₹130-140 zone:

1. Base Characteristics:
- Horizontal support zone marked in green
- Multiple tests of this zone (4-5 clear touch points)
- Tight price compression indicates potential energy buildup

2. Breakout Dynamics:
- Today's 13.91% surge represents a decisive breakout from the consolidation zone
- Penetration above ₹140 with strong momentum suggests a potential trend change
- The red arrow indicates the resistance level that might be overcome.

Volume Analysis:
Volume provides crucial insights into the price action:

- Today's volume at 2.46M shares is more than 2x the 20-day average
- Significant volume spikes are visible in February and March
- Recent volume pattern shows increasing participation
- Volume expansion coincides with today's breakout, confirming buying interest

Support and Resistance Levels:

Key Resistance Levels:
1. Immediate Resistance: ₹148-150 (recent swing high)
2. Major Resistance: ₹160-165 (previous structural resistance)
3. Psychological Resistance: ₹150 (round number)

Key Support Levels:
1. New Support: ₹130-140 (previous consolidation zone)
2. Secondary Support: ₹125 (lower boundary of recent base)
3. Strong Support: ₹118-120 (52-week low area)

Technical Pattern:

Several important patterns are evident:

1. Accumulation Base: The ₹130-140 zone represents a classic accumulation pattern
- Tight trading range
- Multiple support tests
- Decreasing volatility

2. Trend Reversal Signals:
- Higher lows forming since February
- Decreasing downward momentum
- Breakout with strong volume

My Take:

The combination of:
- Decisive breakout from a multi-month base
- Substantial volume confirmation
- Clear momentum shift

Suggests THOMASCOOK could be transitioning to a bullish trend Post Q4.

Price Projection:
1. Near-term Target: ₹160-165
2. Intermediate Target: ₹180-190
3. Long-term Potential: Retest of previous highs near ₹200

Critical Watch Points:
- Ability to sustain above ₹140
- Volume confirmation in subsequent sessions
- Holding the breakout without immediate retracement

Keep in the Watchlist.
NO RECO. For Buy/Sell.

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Disclaimer: "I am not SEBI REGISTERED RESEARCH ANALYST AND INVESTMENT ADVISER."
This analysis is intended solely for informational and educational purposes and should not be interpreted as financial advice. It is advisable to consult a qualified financial advisor or conduct thorough research before making investment decisions.

15 Mei

Nota

Hovering around Red zone making wicks

19 Mei

Nota

Still hovering around the Red zone, making wicks and consolidating

23 Mei

Dagangan aktif

Up 17.52% from RECO.
Near-term Target: ₹160-165 Reached.
Swing Traders Can Book.