TPLP (TPL Properties Ltd) has recently bounced from a monthly support level, accompanied by a strong bullish closing on the weekly chart, indicating a good discount level for potential buyers. The price also took support from a downward trendline on the weekly timeframe. While we may or may not retest the Buy 2 level, there is a probability as it aligns with a daily gap-up level that price might look to fill. After Take Profit 2, there isn't significant major resistance, suggesting the potential for the price to reach Take Profit 3. It's truly a game of probabilities, and the odds here look compelling for upside!
Trading Recommendations:
Happy trading!
Trading Recommendations:
- Buy 1 (CMP): 9.14
- Buy 2: 7.3
- Stop-Loss Level: Closing below 6
- Take Profit 1: 14.7
- Take Profit 2: 20
- Take Profit 3: 38.5
Happy trading!
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.