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TRACXN TECHNOLOGIES LTD
Long

TRACXN : Taking support at key level

200
Tracxn Technologies Ltd (TRACXN)

  1. Technical Analysis
    This chart highlights a demand zone and a trendline breakout setup.

    1. Demand Zone: ₹68–₹73

      A strong support zone where buyers previously reversed prices.
    2. Failed CHoCH:

      Sellers failed to push prices lower, forming a potential reversal pattern.
    3. Trendline Resistance: ₹90–₹92

      The current price is testing this level. A breakout confirms a bullish move.
    4. Target Zone: ₹110–₹115

      Projected price target after a successful trendline breakout.
    5. Stop Loss: Below ₹68

      If prices fall below the demand zone, the setup fails.
    Educational Tips:

    Buy Strategy:
    Enter on a breakout above ₹90–₹92.
    Alternatively, buy near ₹68–₹73 with a stop loss below ₹68.
    Stop Loss: Always place below ₹68 to manage risk.
    Target Levels: ₹110–₹115
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Disclaimer

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Chart PatternsTrend AnalysisWave Analysis
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Also on:

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.