TEGA - Breakout Setup, Move is ON..NSE:TEGA
✅ Next Resistance is at 2186
✅ Support is at 1622
Related charts:
Charts are self-explanatory. Levels of breakout, possible up-moves (where stock may find resistances) and support (close below which, setup will be invalidated) are clearly defined.
Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before taking any trade.
TEGA
TEGA - Long Setup, Move is ON..NSE:TEGA
✅ #TEGA trading above Resistance of 1525
✅ Next Resistance is at 1748
Related charts:
Charts are self-explanatory. Levels of breakout, possible up-moves (where stock may find resistances) and support (close below which, setup will be invalidated) are clearly defined.
Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before taking any trade.
TEGA - Breakout Setup, Move is ON..NSE:TEGA
✅ #TEGA trading above Resistance of 1348
✅ Next Resistance is at 1525
Related charts:
Charts are self-explanatory. Levels of breakout, possible up-moves (where stock may find resistances) and support (close below which, setup will be invalidated) are clearly defined.
Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before taking any trade.
TEGA - Long Setup, Move is ON..NSE:TEGA
✅ #TEGA trading above Resistance of 1152
✅ Next Resistance is at 1348
Related charts:
Charts are self-explanatory. Levels of breakout, possible up-moves (where stock may find resistances) and support (close below which, setup will be invalidated) are clearly defined.
Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before taking any trade.
TEGA - you won't get better entry point than thisNSE:TEGA
cmp is 1150
you won't get better entry point than this
hold it for long term
tgt 10,000 is possible
The objective of this analysis is knowledge sharing and education. There isn't any buy or sell advise in this article. Every stock is held for a short to medium amount of time and is positional.
It is expected of each person to carry out independent research and evaluation to ascertain whether my perspective is consistent with your studies.
Elliott Wave Analysis of Tega Industries ltdWelcome to our fascinating journey through the Elliott Wave theory as we analyze Tega Industries.
What Tega Industries does?
Tega is a global leader in designing and manufacturing of 'critical-to-operate' consumables for the mining, mineral processing and material handling industries. The company founded by Mr. Madan Mohan Mohanka in 1976 is a multinational corporation headquartered in Kolkata, India.
Sources - Google
Let's dive into the world of waves
From the starting and up to August 2023, we've seen waves 1, 2, and 3 paint the canvas of price movements. Then, in late October 2023, wave 4 appeared, like a brief intermission.
Now, the thrilling part is, It seems we're in the process of unfolding wave 5. Think of it as the grand finale, often pushing prices to new heights.
In this case, it could even break past previous all-time highs.
Unveiling Elliott Wave Theory
What makes this theory intriguing?
Elliott Wave theory is like reading the hidden story of markets through patterns. It's about understanding the psychology of crowd behavior in trading.
The Big Picture
Here's the bigger picture:
Waves 1, 2, and 3 brought us up, reflecting the excitement of a new trend.
Wave 4 provided a necessary pause.
Now, we're in wave 5, signaling the potential for even more upward adventure.
The Takeaway
In a nutshell, our analysis hints at potential gains. But always remember:
Markets are full of surprises, and risk management is your best companion on this journey.
As with any adventure, do your homework, and prepare for twists and turns in the market's storyline.
I am not Sebi registered analyst. My studies are for educational purpose only.
Please Consult your financial advisor before trading or investing. I am not responsible for any kinds of your profits and your losses.
Most investors treat trading as a hobby because they have a full-time job doing something else.
However, If you treat trading like a business, it will pay you like a business.
If you treat like a hobby, hobbies don't pay, they cost you...!
Hope this post is helpful to community
Thanks
RK💕
Disclaimer and Risk Warning.
The analysis and discussion provided on in.tradingview.com is intended for educational purposes only and should not be relied upon for trading decisions. RK_Charts is not an investment adviser and the information provided here should not be taken as professional investment advice. Before buying or selling any investments, securities, or precious metals, it is recommended that you conduct your own due diligence. RK_Charts does not share in your profits and will not take responsibility for any losses you may incur. So Please Consult your financial advisor before trading or investing.
TEGA - Long Setup, Move is ON..NSE:TEGA
✅ #TEGA trading above Resistance of 996
✅ Next Resistance is at 1152
Related charts:
Charts are self-explanatory. Levels of breakout, possible up-moves (where stock may find resistances) and support (close below which, setup will be invalidated) are clearly defined.
Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before taking any trade.
TEGA Industries looking goodTEGA stock was bearish from the time it was listed and never had given a weekly breakout over 620.
It has given a strong weekly breakout and looks like it can test the listing price once it gives a daily closing above 650 levels.
One can have keep a watch on it. This idea is shared just for educational purposes.
TEGA - Ichimoku Bullish Breakout Stock Name - Tega Industries Ltd
Ichimoku Cloud Setup :
1). Today's close is above the Conversion Line
2). Future Kumo is Turning Bullish
3). Chikou span is slanting upwards
All these parameters are showing bullishness at Current Market Price
and more bullishness AFTER crossing 900
#This is not Buy and Sell recommendation to any one. This is for education purpose and a helping hand to learn trading in Market.
# Cloud Trading
# Ichimoku Cloud
# Ichimoku Followers
I hope you all like my analysis.
Please do share your thoughts into comment section.
Please give a like, share & subscribe for daily analysis.
TEGA - Long Setup, Move is ON..NSE:TEGA
✅ #TEGA trading above Resistance of 854
✅ Next Resistance is at 996
Related charts:
Charts are self-explanatory. Levels of breakout, possible up-moves (where stock may find resistances) and support (close below which, setup will be invalidated) are clearly defined.
Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before taking any trade.
TEGA - Long Setup, Move is ON..NSE:TEGA
✅ #TEGA trading above Resistance of 711
✅ Next Resistance is at 854
Related charts:
Charts are self-explanatory. Levels of breakout, possible up-moves (where stock may find resistances) and support (close below which, setup will be invalidated) are clearly defined.
Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before taking any trade.
TEGA - Ichimoku Bullish Breakout Stock Name - Tega Industries Ltd
Ichimoku Cloud Setup :
1). Today's close is above the Conversion Line
2). Future Kumo is Turning Bullish
3). Chikou span is slanting upwards
All these parameters are showing bullishness at Current Market Price
and more bullishness AFTER crossing 750
#This is not Buy and Sell recommendation to any one. This is for education purpose and a helping hand to learn trading in Market.
# Cloud Trading
# Ichimoku Cloud
# Ichimoku Followers
I hope you all like my analysis.
Please do share your thoughts into comment section.
Please give a like, share & subscribe for daily analysis.
TEGA - Ichimoku Bullish Breakout Stock Name - Tega Industries Ltd
Ichimoku Cloud Setup :
1). Today's close is above the Conversion Line
2). Future Kumo is Turning Bullish
3). Chikou span is slanting upwards
All these parameters are showing bullishness at Current Market Price
and more bullishness AFTER crossing 710
#This is not Buy and Sell recommendation to any one. This is for education purpose and a helping hand to learn trading in Market.
# Cloud Trading
# Ichimoku Cloud
# Ichimoku Followers
I hope you all like my analysis.
Please do share your thoughts into comment section.
Please give a like, share & subscribe for daily analysis.
Long TEGA - Move is ON..NSE:TEGA
✅ #TEGA trading above Resistance of 612
✅ Next Resistance is at 711
Related chart:
Charts are self-explanatory. Levels of breakout, possible up-moves (where stock may find resistances) and support (close below which, setup will be invalidated) are clearly defined.
Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before taking any trade.
TEGA Industries B/O and reversal from bottomThis stock has made double bottom in Daily time frame and has reversed the trend.
The stock is trading with good volumes so liquidity wont be an issue.
the stock is new to market as this was listed recently through IPO window and has created a great returns through listing gains.
profit booking in the stocks by big players led the stock to decline. now it is slowly gaining the momentum.
Place strict stop loss according to your risk appetite and holding period.
do not allocate major chunk of the capital to any stocks, diversify your investments across various sectors and caps.
This is not a recommendation.
this is my view for the stock I and urge you all to do your own research and analysis before investing.
Note. Nifty has been in a bull rally since few weeks now and a small correction can be seen in coming days. A red candle bigger than previous one day / two days candle is the sign to sell and to save the capital. (applies to all short term positions of the trade) once the capital is saved we can take another trade at any time. Cutting the losses is the key.
I have attached below the links for related ideas, please have a look and share your opinions on that in the comment box below.
Thank you see you soon with another idea.
Tega ascending triangle breakoutChart -> Tega Daily
Tega has given an ascending triangle with a volume pop-up.
CMP: 525
Target: 571, 603
SL: 476
Disclaimer: This is for educational purposes only, not any recommendations to buy or sell. As I am not SEBI registered, please consult your financial advisor before taking any action.
TEGA - Ichimoku Bullish Breakout Stock Name - Tega Industries Ltd
Ichimoku Cloud Setup :
1). Today's close is above the Conversion Line
2). Future Kumo is Turning Bullish
3). Chikou span is slanting upwards
All these parameters are showing bullishness at Current Market Price
and more bullishness AFTER crossing 528
#This is not Buy and Sell recommendation to any one. This is for education purpose and a helping hand to learn trading in Market.
# Cloud Trading
# Ichimoku Cloud
# Ichimoku Followers
I hope you all like my analysis.
Please do share your thoughts into comment section.
Please give a like, it motivates me to do analysis.