TILAKNAGAR INDUSTRIES LTD
做多

TILAKNAGAR INDUSTRIES- 3 MHTS BREAKOUT WILL IT SUSTAIN ?

Tilaknagar Industries Ltd. is an interesting Breakout on weekly chart to keep in radar

1. RSI in all time frames above 60
2. Price rise with huge volume
3. Three months long consolidation breakout
4. ABCD pattern under formation on weekly chart

FUNDAMENTALLY
Company has reduced debt.
Company has delivered good profit growth of 23.5% CAGR over last 5 years
Company has a good return on equity (ROE) track record: 3 Years ROE 27.2%

will this breakout Sustain ?
or
Will it fizzle out and continue its consolidation ?

Lets See How it Evolves.

Disclaimer: NOT A BUY / SELL RECOMMENDATION I am not an expert I just share interesting charts here for educational purpose and not to be taken as buy/sell recommendation. Please seek expert opinion before investing and trading as trading/ investing in market is subject to market risks. I do not hold any position in the stock as on date but I may look to buy on dips with my own Risk Reward matrix.

免责声明

这些信息和出版物并不意味着也不构成TradingView提供或认可的金融、投资、交易或其它类型的建议或背书。请在使用条款阅读更多信息。