THOMAS COOK (INDIA) LTD is showing a classic Cup and Handle breakout pattern on the daily chart.
🔍 Chart Highlight
Breakout from the Cup's rim around ₹169.93 level.
Strong bullish candle with +7.61% gain, backed by higher volume.
Price sustained above the 200 EMA (₹163.85).
Next potential resistance: ₹197.29, a previous swing high.
Levels to Watch:
Support Zone: ₹163.85 – ₹169.93 (200 EMA + breakout retest zone)
Resistance Zone: ₹197.29 (next swing high)
If the price retests and holds above ₹169.93, it could offer a good risk-reward opportunity with ₹197+ as the near-term target. Keep an eye on volume and any pullback toward the breakout zone.
⚠️ Disclaimer:
This idea is for educational purposes only and not financial advice. Please do your own research or consult your financial advisor before making any trading decisions. Markets carry risk — trade wisely!
🔍 Chart Highlight
Breakout from the Cup's rim around ₹169.93 level.
Strong bullish candle with +7.61% gain, backed by higher volume.
Price sustained above the 200 EMA (₹163.85).
Next potential resistance: ₹197.29, a previous swing high.
Levels to Watch:
Support Zone: ₹163.85 – ₹169.93 (200 EMA + breakout retest zone)
Resistance Zone: ₹197.29 (next swing high)
If the price retests and holds above ₹169.93, it could offer a good risk-reward opportunity with ₹197+ as the near-term target. Keep an eye on volume and any pullback toward the breakout zone.
⚠️ Disclaimer:
This idea is for educational purposes only and not financial advice. Please do your own research or consult your financial advisor before making any trading decisions. Markets carry risk — trade wisely!
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.
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.