Key Insights:
CMP:433.6
1️⃣ Resistance Breakout:
The stock has successfully broken out of the previous resistance at ₹423.4 and is currently retesting this zone.
If ₹423.4 holds as support, it could act as a strong launchpad for further upside.
2️⃣ Uptrend Initiation:
TAJGVK has entered a new uptrend, suggesting bullish momentum.
However, market conditions remain unclear, with the broader trend still tilted toward a sell-on-rise scenario.
Trading Strategy:
Scenario 1 – Base Holds:
Entry: On confirmation that ₹423.4 is holding as support.
Target 1: ₹500
Target 2: ₹622 (Medium-Term Potential).
Stop Loss (SL): ₹371.5 (Closing Basis).
Scenario 2 – Scaling In:
Scale in fully only when the broader market shows clear signs of an uptrend. Until then, manage position size cautiously.
Key Notes for Traders:
Risk management is crucial in the current uncertain market environment.
Monitor price action near ₹423.4 for confirmation of support before entering aggressive positions.
This setup holds promise, but caution is the key. A confirmed break and hold above ₹424 could unlock significant upside potential! 📈
CMP:433.6
1️⃣ Resistance Breakout:
The stock has successfully broken out of the previous resistance at ₹423.4 and is currently retesting this zone.
If ₹423.4 holds as support, it could act as a strong launchpad for further upside.
2️⃣ Uptrend Initiation:
TAJGVK has entered a new uptrend, suggesting bullish momentum.
However, market conditions remain unclear, with the broader trend still tilted toward a sell-on-rise scenario.
Trading Strategy:
Scenario 1 – Base Holds:
Entry: On confirmation that ₹423.4 is holding as support.
Target 1: ₹500
Target 2: ₹622 (Medium-Term Potential).
Stop Loss (SL): ₹371.5 (Closing Basis).
Scenario 2 – Scaling In:
Scale in fully only when the broader market shows clear signs of an uptrend. Until then, manage position size cautiously.
Key Notes for Traders:
Risk management is crucial in the current uncertain market environment.
Monitor price action near ₹423.4 for confirmation of support before entering aggressive positions.
This setup holds promise, but caution is the key. A confirmed break and hold above ₹424 could unlock significant upside potential! 📈
Penerbitan berkaitan
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penerbitan berkaitan
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.