Tega Industries is currently trading near a strong higher-timeframe demand zone formed by a Weekly Order Block (WOB) and Daily Order Block (OB) confluence.
After a prolonged downtrend from the Buy-Side Liquidity (BSL) highs, price swept Sell-Side Liquidity (SSL) and is now revisiting a key institutional demand area. The presence of both a weekly and daily order block in the same region makes this zone important for potential accumulation.
As long as the demand zone continues to hold, the stock may attempt a bullish reversal toward internal liquidity and previous swing highs.
🔍 Key Observations
Strong confluence of Weekly OB and Daily OB
SSL has already been swept
Price reacting from a major demand zone
Bearish momentum slowing near support
Potential accumulation phase in progress
📌 Trade Plan
Entry: Bullish confirmation from the current demand zone
Invalidation: Daily close below the Weekly OB
Target 1: Recent swing highs
Target 2: Internal liquidity zone around 1750–1800
Target 3: Previous BSL region
Smart Money Concepts View
Sell-Side Liquidity taken
Price trading in discount
Weekly demand confluence
Potential accumulation before expansion
Patience is key here. The setup becomes more attractive if price forms a bullish displacement candle or a clear market structure shift from the demand zone.
#SMC #TegaIndustries #TradingView #PriceAction #OrderBlock #WeeklyOrderBlock #Liquidity #SmartMoneyConcepts #SwingTrading
Disclaimer
This post is only for educational purposes and reflects personal market analysis using Smart Money Concepts (SMC). It is not financial advice or a recommendation to buy or sell any security. Always do your own research and use proper risk management before taking any trade.
After a prolonged downtrend from the Buy-Side Liquidity (BSL) highs, price swept Sell-Side Liquidity (SSL) and is now revisiting a key institutional demand area. The presence of both a weekly and daily order block in the same region makes this zone important for potential accumulation.
As long as the demand zone continues to hold, the stock may attempt a bullish reversal toward internal liquidity and previous swing highs.
🔍 Key Observations
Strong confluence of Weekly OB and Daily OB
SSL has already been swept
Price reacting from a major demand zone
Bearish momentum slowing near support
Potential accumulation phase in progress
📌 Trade Plan
Entry: Bullish confirmation from the current demand zone
Invalidation: Daily close below the Weekly OB
Target 1: Recent swing highs
Target 2: Internal liquidity zone around 1750–1800
Target 3: Previous BSL region
Smart Money Concepts View
Sell-Side Liquidity taken
Price trading in discount
Weekly demand confluence
Potential accumulation before expansion
Patience is key here. The setup becomes more attractive if price forms a bullish displacement candle or a clear market structure shift from the demand zone.
#SMC #TegaIndustries #TradingView #PriceAction #OrderBlock #WeeklyOrderBlock #Liquidity #SmartMoneyConcepts #SwingTrading
Disclaimer
This post is only for educational purposes and reflects personal market analysis using Smart Money Concepts (SMC). It is not financial advice or a recommendation to buy or sell any security. Always do your own research and use proper risk management before taking any trade.
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.
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.