50 SMA Rising- Positional TradeDisclaimer: I am not a Sebi registered adviser.
This Idea is publish purely for educational purpose only before investing in any stocks please take advise from your financial adviser.
Its 50 SMA Rising Strategy. Suitable for Positional Trading Initial Stop loss lowest of last 2 candles and keep trailing with 50 days SMA if price close below 50 SMA then Exit or be in the trade some time trade can go for several months.
Be Discipline because discipline is the Key to Success in the STOCK Market.
Trade What you see not what you Think
TEJASNET trade ideas
Tejas Networks Ltd 1. **Support and Resistance Levels:**
- **Resistance** is marked around ₹1,427.10.
- **Current price** appears to be around ₹1,326.95, with the next potential move targeting higher levels.
2. **Chart Patterns:**
- A **symmetrical triangle** or consolidation pattern is evident, suggesting a breakout attempt, which may already have occurred as the price is moving upward.
3. **Target and Stop-Loss:**
- **Target:** ₹1,470.65 (approximately 10% gain).
- **Stop-Loss:** ₹1,276 (1% downside risk).
- This indicates a **Risk/Reward Ratio** of 10.06, which is excellent.
4. **Indicators:**
- The use of a **moving average** line indicates support in the upward trend.
- Fibonacci levels or historical price actions may have been used to calculate the target.
Tejasnet - Good Things are happening here. 📊 TEJASNET Weekly Chart Update
The chart is pretty self-explanatory as always, but here are some key observations worth noting:
1. 📈 The stock was in a mad uptrend throughout most of 2024, rallying to ₹1,500.
2. 🔄 After that, it entered a pullback phase and has been consolidating since.
3. 📉 We're currently sitting at a crucial multiple support zone, which has held firm so far.
4. You can now access our structured charts for all Nifty 500 companies. Check the signature column below for more info.
5. 🔎 The last two weekly candles are indecisive doji candles with long lower wicks – signaling potential buyer interest.
6. 📊 Volume was excellent last week, suggesting there could be strong buying pressure building up.
7. 💼 Q2 results are out and IMO, they’re perfect – reinforcing the bullish sentiment.
All these factors combined make TEJASNET a must-have on your watchlist! 👀
Disclaimer: This analysis is for educational purposes only and should not be considered as financial advice. All investments carry risk, and it’s important to conduct your own research or consult with a certified financial advisor before making any investment decisions. I do not provide buy, sell, or hold recommendations. Past performance is not indicative of future results.
Tejas Networks Posts Strong Q1, Awaiting BreakoutTEJAS NETWORKS reports strong Q1 results with significant net profit, substantial revenue increase, and solid EBITDA profit. Technically, the stock is consolidating after an uptrend, retracing from the 38% Fibonacci level, and is poised for a breakout above 1495 INR.
Tejasnet flying Supersonic 6G speed :) :) :)Comparison of Quarterly and Daily Timeframes of Tejasnet shows amazing structures for bigger targets
On Quarterly Chart - there is an amazing structure around 670-675 levels
4 Critical Confluences meeting at 1 single point providing the Price an Amazing Boost
1. Long Term Cup & Handle Trendline from 2018 crossing
2. Parallel Channel from 2021 crossing
3. Flag pattern bottom criss-crossing
4. Fib 0.618 level precisely meeting the intersection point of all above (1-3)
When you have some exceptional scenarios - its impossible to go Bearish. Don't even think twice to take an entry at such levels
Price completed 3 out of 4 targets already given. Next Target 1360
On Daily Chart - Price is on the verge of Fresh Rounding Bottom BO
If sustained above 1250 WCB (preferably today), then Target would be 1490
We took entry at this stock around 460 levels and holding with 170% profits :) :) :) and more to go
Disclaimer:
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Tejasnet - New All Time High ?Certainly, here's a more informative version of your statement:
"The breakout of the cup and handle pattern has already taken place, marking a significant technical development in the price chart. This pattern's completion implies a potential upcoming surge in prices, potentially leading to the establishment of a new all-time high. This conjecture is further supported by the current Relative Strength Index (RSI) reading, which indicates a robust level of price strength and positive momentum in the market.
Note:- this information is shared solely for educational purposes and is not intended as financial advice."
Channel BreakoutPlease look into the chart for a detailed understanding.
Consider these for short-term & swing trades with 2% profit.
For BTST trades consider booking
target for 1% - 2%
For long-term trades look out for resistance drawn above closing.
Please consider these ideas for educational purpose