TEJASNET trade ideas
TEJASNET, a rally of 50% is expectedIt's been quite some time since I posted.
Just look at the this beautiful chart, you can find confirmation through various pattern and also can see some indication of institutional activity.
If tomorrow a small inside candle is formed then it will be best time to build position(near 600) for a target of about 45-50% with SL at 560 i.e., RR of 7.
Ready to blast Tejas 4%Tejas Network Ready to fire in 4%
Book profits within the first 30 minutes of the market opening
- Try to exit by taking 4-5% profit of each trade
- SL can be taken when the 5/15 min candle closes below 44EMA
Now, why do I prefer swing trades? The primary reason is that I have observed that 90% of the stocks give most of the movement in just 3-4 days and the rest of the time they either consolidate or fall
CMP- 638
Target Price 665
Note:- I am not SEBI Registered This Trade is only educational Purpose
Resistance Breakout & Retest in TEJASNET DON'T HAVE TIME TO MANAGE YOUR TRADES?
- Take BTST trades at 3:00 pm every day
- Book profits within the first 30 minutes of the market opening
- Try to exit by taking 5-7% profit of each trade
- SL can be taken when the 5/15 min candle closes below 44EMA
- SL can also be maintained as 3% or closing below the low of the breakout candle
The levels mentioned on the chart are calculated using the BREAKOUT INDICATOR
Now, why do I prefer BTST over swing trades? The primary reason is that I have observed that 90% of the stocks give most of the movement in just 1-2 days and the rest of the time they either consolidate or fall
Resistance Breakout & Retest in TEJASNET
Buy Today, Sell Tomorrow: TEJASNET
TEJASNET - Ichimoku Bullish Breakout Stock Name - Tejas Networks
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 744
#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
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5 Years Multiyear Breakout at TEJASNET 5 Years #Multiyear #Breakout at #TEJASNET (Tejas Networks Ltd) Weekly Chart. Its Started #Outperformed #Nifty.
BSE: 540595 \\ NSE : TEJASNET
What Is a Double Bottom?
A #doublebottom #pattern is a #technical #analysis #charting pattern that describes a change in trend and a momentum reversal from prior leading price action. It describes the drop of a stock or index, a rebound, another drop to the same or similar level as the original drop, and finally another rebound. The double bottom looks like the letter "W". The twice-touched low is considered a support level.
ONLY FOR #educational
NOT SEBI REGISTERED. #LEARNEARN (TRUST YOURSELF)
#nifty50 #sharemarket #BREAKOUTSTOCKS #Multibagger #sharemarket #sharemarketindia #sensex #technicalanalysis #Chartanalysis #headandshoulders #doubletop #doublebottom #parallelchannel #relativestrength
DISCLAIMER: I am not SEBI registered analyst. All posts are for educational purpose only. I am not responsible for your any loss or profit. Consult your adviser before taking any trade. I help people to learn technical analysis & charts reading.
TEJASNET - Bull Flag - Monthly Breakout with volumeThe analysis is done on monthly TF hence price may take few weeks to few months in order to reach the targets.
Trade setup is explained in image itself.
The above analysis is purely for educational purpose. Traders must do their own study & follow risk management before entering into any trade
Checkout my other ideas to understand how one can earn from stock markets with simple trade setups. Feel Free to comment below this or connect with me for any query or suggestion regarding this stock or Price Action Analysis.
Channel BreakoutToday Just Now I observed that one my stock in my watchlist got Channel Breakout, I want you to share this with trading view community. Tejas Network Got broken out today with good amount of volume and channel breakout pattern adds more supportive bullishness to this move.
Entry @ 546.05
Target @ 565.2
Stop Loss @ 524.4
Please consider this for educational purpose.