#TCPLPACK

TCPL Packaging Ltd - Weekly Chart Analysis

Current Price: ₹4,152.40 (+3.71%)
Open: ₹3,997.25 | High: ₹4,202.00 | Low: ₹3,806.75 | Close: ₹4,152.40

Key Observations

Strong Uptrend: The stock has been making higher highs and higher lows consistently, showing strong bullish momentum.
Breakout Confirmation: It has broken past previous resistance levels near ₹3,800-4,000, indicating further upside potential.
Volume Confirmation Required: If the rally continues with good volume, this breakout can sustain.

Potential Targets & Supports

Next Resistance: ₹4,400-4,500 (psychological levels).
Support Zone: ₹3,800 (recent breakout level), followed by ₹3,500.
Caution: If the stock closes below ₹3,800, it might face short-term correction.

Outlook

Bullish Bias: Holding above ₹4,000 could trigger another leg up.
Overbought Conditions Possible: If indicators like RSI are overextended, expect some profit booking.