[BULLISH] TALBROAUTO - The VOLUME at play!

9 sept. 2020

The current view on NSE: TALBROAUTO is bullish. The analysis is done from the macro to micro time frame. Monthly, Weekly, and Daily timeframes were taken into consideration respectively.

The volume is at play here. On bullish days the volume is too high and during consolidation and bearish days, the volume is too low. Clearly there is a bullish interest in this stock. Also, the stock happens to move in a channel.

Targets are shown on the screen along with the stop-loss level. I suggest you trade at your own risk after doing your own analysis.

Trade Status: Active

17 nov. 2020

Note

The stock has achieved the Target 2 successfully. The stocks levels respected the support levels perfectly and bounced from there only achieving both targets 1 and 2 completely. One may see a minor correction at this level before reaching the 3rd Target. One may also think about booking profits (full or partial based on their analysis).

23 nov. 2020

Trade fermée: cible de profit atteinte

And the final target is also achieved. Today the stock made a high of 167.95 and with that the HIGHLY OPTIMISTIC TARGET is achieved. Have a close look at the volume for the past few days. After the breakout from Target 2 supply level, the volume is just too much.In my opinion, this stock will be able to achieve the levels of 197, 225+. From the day of the first analysis, the stock has given a whooping return of 52% approx. Try your own analysis as well, but this stock is still having bullish sentiment for me.