Explore: Stocks of the Week - Technical Charting

THINKKINK Bullish Signals AND Trading Targets

Rajat Dhar July 5, 2024 Investment Products and Opportunities Leave a comment 194 Views

THINKINK
THINKKINK PICTUREZ LIMITED Technical Analysis and Trading Recommendation

TKPL is trading on BSE at INR 83.78, near the crucial Fibonacci level of 0.5, and showing an upward trend . The EMA and MA indicators have experienced a bullish crossover , signaling a possible short-term uptrend. The Parabolic SAR is also in favor of bulls , suggesting positive price momentum may continue.

Trading Recommendation:

Entry: Buy TKPL at or above INR 83.78 (current price)
Target 1: INR 85.93
Target 2: INR 84.94

Keep an eye on the stock for a breach of the Fibonacci level upwards before initiating a long position. Don’t forget to place a stop-loss order below the recent swing low to protect your capital .