TUBE INVEST OF INDIA at Best Support This is the 4 hour Chart of TIINDIA.
TIINDIA is holding within the Fibonacci retracement golden zone.
If this level is sustain , then we may see higher prices in TIINDIA.
Thank You !!
Tubeinvestmentsofindialtd
Tube investment co can be smart investment Tube Investment of Investment Ltd. is one of India’s leading manufacturers of a wide range of products for major industries such as Automotive, Railway, Construction, Mining, Agriculture, etc. The Company’s 3 main verticals are Engineering, Metal Formed Products and Bicycles. In line with its growth strategies, the Company has forayed into TMT bars and Truck Body Building business and is additionally exploring opportunities in optic lens and other vision systems for the Auto industry.
Tube Investment Of Investment Ltd CMP is 3657.75. The Negative aspects of the company are High Valuation (P.E. = 53.5), FIIs are decreasing stake, Promoter Holding decreasing. The positive aspects of the company are No debt, Zero promoter pledge, MFs are increasing stake, Improving annual net profit, Improving cash from operations annual.
Entry can be taken after closing above 3678. Targets in the stock will be 3827 and 3955. The long-term target in the stock will be 4127. Stop loss in the stock should be maintained at Closing below 3437.
The above information is provided for educational purpose, analysis and paper trading only. Please don't treat this as a buy or sell recommendation for the stock. We do not guarantee any success in highly volatile market or otherwise. Stock market investment is subject to market risks which include global and regional risks. We will not be responsible for any Profit or loss that may occur due to any financial decision taken based on any data provided in this message.
Tube Investments Bullish Symmetrical Triangle Breakout | SWINGTube Investments of India Ltd, the Cycle sector stock has given a bullish breakout from the symmetrical triangle and has also retested it which confirms the bullish breakout.
Entry can be taken at current market price.
Stop loss- 2673
Targets
1. 2830
2. 3020
Let me know in the comments section if you want me to analyse any other financial instrument.
WARNING:-
ALWAYS FOLLOW RISK MANAGEMENT AND POSITION SIZING WHILE TAKING ANY TRADE.
