TBZ NSE 12Y RBC&H ATH BO DTF/WTF in MTF Positional Trade
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Chart Pattern : TBZ Jewelers has recently broken its ATH forming a RBC on the DTF/WTF. Currently on a Pullback to form a Handle. Wait for WTH high BO to Enter.
INDICATORS EMA : The Price is Currently Trading below 20EMA, but above 50EMA. TBZ the EMAs are currently aligned in a ascending order 200 to 20 indicating a bullish Trend on DTF/WTF.
FIBO E : Price is currently trading above the 50% FIBO Retracement level of 247 on DTF Impulse uptrend
Volumes: There is a uptrend in Volume on the Monthly Charts for 3months with Pullback for 3Weeks now .
TRADE PLAN ENTRY -WTF High BO SL -Monthly Low TARGET --TBD Keep in your Priority Watch List
Disclaimer: For Education/Reference Purpose Only, Trade at your Own Risk with correct position sizing and SL. MTFA- Multiple Time Frame Analysis DTF -Daily Time Frame WTF-Weekly Time Frame MTF- Monthly Time Frame ATH-All Time High RBC&H-Rounding Bottom Cup/Handle BO- Breakout Close EMA -Exponential Moving Average FIBO R/E -Trend based Fibonacci Retracement/Extension SL Stop Loss TBD- To be Decided