breakout of channel patternstock is in uptrend and currently broke the down ward channel and formed an up swing, It is expected to go up from here target of move will be according to future price action or weakness in price
TCPLPACK trade ideas
TCPLPACKNSE:TCPLPACK
One Can Enter Now !
Or Wait for Retest of the Trendline (BO) !
Or wait For better R:R ratio !
Note :
1.One Can Go long with a Strict SL below the Trendline or Swing Low.
2. R:R ratio should be 1 :2 minimum
3. Plan as per your RISK appetite and Money Management.
Disclaimer : You are responsible for your Profits and loss, Shared for Educational purpose
TCL PACKmultiple time hate 200 candle and bounce
now 200 candle @1356
minimu target @ 1802 and above that
💥TCPL Packaging💥-Nice Breakout💥TCPL Packaging💥-Nice Breakout
Capital to be deployed- 20k
Investing Price -2260-2280
Breakout Price -2242
Stoploss-1765
Targets-5501
RT for max reach
#tcpl #StocksToBuy #stocks #StocksToTrade #StocksInFocus #stockstowatch #StocksInNews #SwingTrading #BREAKOUTSTOCKS
TCPL PACKAGING
Entry -1750, Target-10to20%, Sl-1700
Showing good signs of profitability & efficiency
The stock is underpriced and is not in the overbought zone
TCPL At a very interesting point where the price can move to any side .. just wait for the confirmation before entering the trade ✌️.
Technicals are amazing
Despite attractive technicals i expect the stock to breakdown further to support levels mentioned (Blue horizontal lines) after rejection from 38.2 Fibonacci levels.
I Will be happy to see your thoughts on this via. Comment your views on this
Note: Just an idea not any recommendation to buy or sell the particular stock.
STOCK NAME { TCPL PACK } SWING TRADEswing trade perfect symmetrical triangle short term opportunity for upside take trade after breakout from the trendline according to own risk this is not call just a analysis.
TCPLPACKTCPL manufactures folding cartons, printed blanks and outers, litho-lamination, plastic cartons, blister packs, and shelf-ready packaging. TCPL has also ventured into the flexible packaging industry, with the capability to produce printed cork-tipping paper, laminates, sleeves, and wrap-around labels.
Market Cap
₹ 1,466 Cr.
Current Price
₹ 1,611
Stock P/E
17.9
Book Value
₹ 437
Debt
₹ 413 Cr.
Pledged percentage
0.00 %
Price to book value
3.69
Int Coverage
3.92
PEG Ratio
2.16
TRADING ABOVE 10 , 21, 63 , 100 , 200 EMA
Breakout and bullish - Expecting 1700 , 1800 , 1926 targets
TCPLPACK NSE BULLISHVIEW ABOVE 970 CMP 991TCPLPACK NSE is bullish if 970 holds. Near LIFETIME High. Fresh Breakout. Positive Trend.
Disclaimer: Educational Purpose Only. Not Buy Sell Reco. Not Sebi Registered.
tcplTCPL Packaging Ltd (TCPL) prides itself on its track record of consistent growth (17.7 per cent) over the last 15 years. It is also one among the 105 listed companies out of over 6,000 that have shown growth every year for the last 10 years. Today TCPL is one of India’s largest manufacturers of folding cartons and stand alone converters of paper boards. It is also a preferred sustainable packaging solutions provider having marquee clients across industries. The global sustainable packaging market is forecasted to grow at a CAGR of 6.7 per cent from $281 billion to $469 billion. This is expected to trigger another leg of high growth for the industry.
Consolidation of capacities in favour of environmentally friendly technologies is expected to lower competition. Being one of the larger players with better technology and know-how, the company is well poised to take advantage of this technology transition waiting to happen in the next 10-15 years.
Commissioning of the second manufacturing line in FY22 is expected to double the Flexible Packaging capacity. In its subsidiary TCPL Innofilms, the setting up of a poly-ethylene blown film line are baby steps in this direction. The output finds application not only in-house but also has huge commercial potential
TCPLPACKNSE:TCPLPACK
BUY IF SUSTAIN ABOVE GREEN ZONE
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TCPLPACK - TrackitIf you notice the chart, stock is trading in a pattern. stock is giving break out on few days of consolidation.
At present stock is in PB mode, aggressive traders can enter here with swing low as SL but risk reward is not in favour at this levels.
