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#TCNSBRANDS clothing

The stock is consolidating near 21 & 50 days EMA with these two acting as resistance on closing basis. Today on closing basis managed to closed just above 21 & 50 EMA.

Technical Chart Study

CMP: 591

Support: 559 DCB

Resistances: 645/690

For investing (Apparel Brand: W, Aurelia, Wishful)

Q1 results are turn around.

Net profit at Rs 2.4 cr Vs loss of Rs 36 cr (YoY)

Revenue at Rs 276.2 cr Vs Rs 93.8 cr (YoY)

EBITDA at Rs 31.1 cr Vs loss of Rs 23.5 cr (YoY).

Q2 & Q3 expected to be blockbuster..

Company is adding agrresively new stores & through MBOs

*The brand W or majority stake in company could be up for sale in coming time*

This is just study of technicals & few fundamentals of the company for your views.