Thomas Cook – Triangle Breakout Setup

Thomas Cook is forming a triangle breakout structure on the weekly chart. Price is consolidating near resistance around ₹183–₹188. A weekly close above ₹190 will confirm breakout strength. Safe entry is above ₹190, with positional upside targets aligning with Fibonacci extensions.

📌 Key Technical Highlights:

Pattern: Symmetrical Triangle Breakout

Entry Zone: ₹183–₹190

Safe Entry: Above ₹190 on weekly close

Resistance Zone: ₹188–₹197

Support: ₹171, ₹158, ₹143

🎯 Upside Target Levels:

Target 1: ₹197

Target 2: ₹215

Target 3: ₹224

Target 4: ₹231

Swing Targets: ₹245 – ₹249

All-Time High: ₹264 (major reversal level)

⚠️ Downside Risk Levels:

₹171

₹158

₹143

₹118 (strong base support)

📈 Strategy Outlook:
Positional traders should wait for a strong weekly breakout above ₹190 for confirmation. Sustaining above this level can trigger momentum toward ₹224–₹245. A close below ₹171 weakens the setup.

Disclaimer:
This analysis is for educational purposes only and not financial advice. Do your own research before trading or investing.