TRIB BHIMJI ZAVERI LTD
Long

TBZ NSE 12Y RBC&H ATH BO DTF/WTF in MTF Positional Trade

152
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

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