Trading Idea:
Stock: Tejas Networks Ltd (TEJASNET)
Timeframe: Daily (1D)
Current Price: 704.95 INR
Key Levels:
Monthly Liquidity Zone: Support at around 644.65 INR.
Target Zone: Potential upside towards 1,440.00 INR to 1,458.95 INR.
Trade Setup:
Entry: Buy around 644.65 INR (near the support level) for a possible bounce, especially if the price confirms a reversal from this level.
Stop Loss: Place a stop just below 644.65 INR, considering it’s a key support zone.
Target: Aim for the price to reach the target zone between 1,440 INR to 1,458.95 INR. Watch for price action at these levels for possible further action.
Reasoning:
The chart shows a strong sell-off followed by a potential reversal at monthly liquidity support.
The CHoCH (Change of Character) pattern suggests a shift in trend direction, which could provide an opportunity for an upward move.
Stock: Tejas Networks Ltd (TEJASNET)
Timeframe: Daily (1D)
Current Price: 704.95 INR
Key Levels:
Monthly Liquidity Zone: Support at around 644.65 INR.
Target Zone: Potential upside towards 1,440.00 INR to 1,458.95 INR.
Trade Setup:
Entry: Buy around 644.65 INR (near the support level) for a possible bounce, especially if the price confirms a reversal from this level.
Stop Loss: Place a stop just below 644.65 INR, considering it’s a key support zone.
Target: Aim for the price to reach the target zone between 1,440 INR to 1,458.95 INR. Watch for price action at these levels for possible further action.
Reasoning:
The chart shows a strong sell-off followed by a potential reversal at monthly liquidity support.
The CHoCH (Change of Character) pattern suggests a shift in trend direction, which could provide an opportunity for an upward move.
Pernyataan Penyangkalan
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Pernyataan Penyangkalan
Informasi dan publikasi tidak dimaksudkan untuk menjadi, dan bukan merupakan saran keuangan, investasi, perdagangan, atau rekomendasi lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Persyaratan Penggunaan.