Technical pick of The Tinplate company
* Stock has broken out from last 10 session’s price consolidation with jump in volumes
* Primary trend of the stock has been bullish with higher tops and higher bottoms
* Stock is placed above all important moving average parameters
* Indicators and Oscillators setup is bullish on medium term charts
* Stock has broken out from multiple trend line resistance recently and sustaining above that.
* 50 DMA has recently crossed over 200 DMA, indicating golden cross for the stock.
* Considering the technical evidences discussed above, we recommend buying the stock between 151 and average it at 139, for the targets of 174 and 189, keeping a stop loss at 132 on closing basis