Tips Industries has given a strong breakout on weekly timeframe
Company has delivered good profit growth of 89.6% CAGR over last 5 years.
Company has a good return on equity (ROE) track record: 3 Years ROE 58.8%.
Debt to equity ratio - 0.02
Tips Industries appears favorable across significant time frames, displaying rising trading volumes over the past few months and concluding with a bullish candle closing in proximity to the long-term trend line.
There are two trading approaches available: a short-term trade aiming for the long-term trend line or a longer-term position taken above the trend line.
symmetrical triangle short term opportunity for upside take trade after breakout from the trendline according to own risk this is not call just a analysis..
A good dip is coming expecting it to correct till 2280-3000 before it can sort the divergence out and move further up, good chance to buy the dip.
this is just for educational purpose
NSE:TIPSINDLTD
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Tips Industries - CMP - 367.05
Looking bearish in higher time frame. One can go for Intraday Trade setup with the following entry, exit & targets
Sell At or Below 349 / Stop Loss 370
Target 1 - 344
Target 2 - 339
Target 3 - 334 / 320
Disclaimer: This is my view and for educational purpose only.
Tips CMP – 231.90
Looking Bullish and go for short term investment with the following targets
Buy Range @ 220 – 230 as retracement expected and SL – 210
Target 1 – 255
Target 2 – 275
Target 3 – 285
Note: This for educational purpose only
