Tejas Networks Has a GAP
Company into telecom business and this sector is going to do well in 2nd half of 2024.
Regardless of that stock has big gap which is expected to NOT to get filled.
IMPORTANT NO BLIND BUYS
Looking for consolidation pullbacks for entry opportunities near 0.382 or 0.618 Fibonacci. Entry criteria near these will be to sustenance above 13EMA and breaking 2-3 candle high with max 6-7% stop from low.
No targets as such will trail to breakeven on significant move and part book on loss of strength. Full exit criteria will be on close below 13ema on weekly chart provided having big profit cushion.
DISCLAIMER:
There is no guarantee of profits or no exceptions from losses.
The stock and its levels discussed are solely the personal views of my research.
You are advised to rely on your judgment while investing/Trading decisions.
Seek help of your financial advisor before investing/trading.
Investment Warnings:
We would like to draw your attention to the following important investment warnings.
-Investment is subject to market risks.
-The value of shares and investments and the income derived from them can go down as well as up.
-Investors may not get back the amount they invested - losing one's shirt is a real risk.
-Past performance is not a guide to future performance.
-I may or may not trade this analysis
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Regardless of that stock has big gap which is expected to NOT to get filled.
IMPORTANT NO BLIND BUYS
Looking for consolidation pullbacks for entry opportunities near 0.382 or 0.618 Fibonacci. Entry criteria near these will be to sustenance above 13EMA and breaking 2-3 candle high with max 6-7% stop from low.
No targets as such will trail to breakeven on significant move and part book on loss of strength. Full exit criteria will be on close below 13ema on weekly chart provided having big profit cushion.
DISCLAIMER:
There is no guarantee of profits or no exceptions from losses.
The stock and its levels discussed are solely the personal views of my research.
You are advised to rely on your judgment while investing/Trading decisions.
Seek help of your financial advisor before investing/trading.
Investment Warnings:
We would like to draw your attention to the following important investment warnings.
-Investment is subject to market risks.
-The value of shares and investments and the income derived from them can go down as well as up.
-Investors may not get back the amount they invested - losing one's shirt is a real risk.
-Past performance is not a guide to future performance.
-I may or may not trade this analysis
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