TPLP Technical Analysis(Weekly): Potential Bullish Setup

TPLP (TPL Properties Ltd) has recently bounced from a monthly support level, accompanied by a strong bullish closing on the weekly chart, indicating a good discount level for potential buyers. The price also took support from a downward trendline on the weekly timeframe. While we may or may not retest the Buy 2 level, there is a probability as it aligns with a daily gap-up level that price might look to fill. After Take Profit 2, there isn't significant major resistance, suggesting the potential for the price to reach Take Profit 3. It's truly a game of probabilities, and the odds here look compelling for upside!

Trading Recommendations:

• Buy 1 (CMP): 9.14
  
• Buy 2: 7.3
  
• Stop-Loss Level: Closing below 6
  
• Take Profit 1: 14.7
  
• Take Profit 2: 20
  
• Take Profit 3: 38.5
  

Happy trading!