STOCK :- TRIBHOVANDAS BHIMJI ZAVERI LTD. (TBZ)
CMP :- 116.95 (08/10/2023)
ABOUT :- Tribhovandas Bhimji Zaveri Ltd. (TBZ) is a prominent and well-established jewelry retail chain in India. The company was founded in 1864 and has a rich history in the jewelry business. TBZ is known for its exquisite jewelry designs and high-quality craftsmanship.
TECHNICAL ANALYSIS CANDLE STICK CHART VIEW
OBSERVATION :
The above chart stock shows a cup & handle pattern on a weekly time frame. A breakout candle emerged in the 2nd week of AUGUST 2023, followed by a retest & rebound driving the stock upward moment. check volume before entering into a trade & stay buying above 113 levels for the target of (25-30%). Above 120 levels looks good buying opportunity.
TARGET :- 136 /158/ 181.
STOP LOSS:- 95.50.
How does CUP AND HANDLE PATTERN WORKS ? CLICK HERE
Note : It's important to note that the pattern is just one of many chart patterns used in technical analysis, and traders should always use multiple indicators and techniques to confirm their analysis before making trading decisions
Disclaimer: This analysis is purely for educational purpose and does not contain any recommendation. Please consult your financial advisor before taking any financial decision.
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