Thomas Cook (India) Ltd. - Positive Momentum in Bearish Trend !!

Thomas Cook (India) Ltd.

As anticipated, a positive move was witnessed above 28 & the price closed near the weekly high.

Technical Indicators are Bearish.
Time-Trend Indicator is Bearish.

------->>> Even though the main trend is negative, the short term momentum might cause a Positive Move. <<<----------

Presently, 30.15 -34.85 -35.70 need to be considered as important resistances.

On the lower side 25 (5MA), 23.40 - 22 -21.95 are important Supports.

KEEP AN EYE!! #B-

#tradingedge_academy #SMTA_Institute