TRACXN : Taking support at key level Tracxn Technologies Ltd (TRACXN)
Technical Analysis
This chart highlights a demand zone and a trendline breakout setup .
Demand Zone: ₹68–₹73
A strong support zone where buyers previously reversed prices.
Failed CHoCH:
Sellers failed to push prices lower, forming a potential reversal pattern.
Trendline Resistance: ₹90–₹92
The current price is testing this level. A breakout confirms a bullish move .
Target Zone: ₹110–₹115
Projected price target after a successful trendline breakout.
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