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Tourism Finance Corp of India Ltd


BSE: 526650 | NSE: TFCILTD | ISIN: INE305A01015 | SECTOR: FINANCE - TERM LENDING INSTITUTIONS


BUY @ CMP 23.55 , TARGET 50, STOP LOSS 20,



Analysis :- TFCI Ltd has shown positive reversal from the lower side of long term trend line support area, Prices turn positive after long period downfall from previous higher top level of 40 to downside 20 levels, We see the ADX has initiated strong buy signal on weekly basis. Prices are rallying above the 200 weeks moving average from the past weeks.

We advice to accumulate Tourism Finance Crop of India at current market price 23.55 with target of  50 and 20 will be stop for this trade.   

RSI INDICATOR : The RSI Indicator has reversed from oversold level and making a new higher tops & higher bottoms on weekly basis.

ADX
: The ADX  and  Plus Directional Indicator (+DI) has given positive reversal from no trade zone to upside in power trend zone. The ADX & (+DI) rising above the power trend zone and this positive upsurge will show a good volume based breakout in coming months.


TFCI LTD (WEEKLY CHART)



























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