Techno Elec: Breakout Above 1400Details:
Asset: Techno Electric & Engineering Co. Ltd.
Breakout Level: 1400
Potential Targets: 1600, 1720, 1830
Stop Loss: 1340
Timeframe: Short to Medium Term
Rationale:
The stock has formed a channel pattern and recently gave a breakout above 1400, followed by a retest and support confirmation at the same level. This indicates bullish strength and potential for further upside.
Market Analysis:
Technical Setup: Clear breakout from consolidation with volume support and successful retest.
Sector Trend: The infrastructure and power sector has strong momentum, especially with increasing government push for energy infrastructure.
Risk Management:
Stop Loss: Maintain at 1340 to manage risk if the breakout fails.
Position Sizing: Allocate capital based on risk tolerance and portfolio size.
Risk-Reward Ratio:
Attractive, offering a potential gain of ~30% with a limited downside.
If it continues to hold above 1400, Techno Electric may march steadily toward the 1830 mark.
TECHNOE trade ideas
TECHNOE bullish; above 840 ? - Monday 19th Feb.The above information does not constitute investment/trading recommendation and it is purely for educational purpose. Please check the Strategy below...
SWING Trading Strategy:
Position is created, only upon stock closing above the entry price on day closing basis and is held on for 5-10 trading sessions for larger gains (5-10%)
INTRADAY Trading Strategy:
1) Impulse upmove stage: The strong upmove (nearly upto 2% from breakoutprice) happens within five to 15 minutes. "High Risk Traders" buy in hope of another 2% upmove intraday.
"High Risk Traders" patiently wait through the Pullback-Consolidation stage to realize profits. High risk/High reward set up as breakouts may fakeout (reversal)also
2) Pullback-Consolidation stage: After the above "Impulse upmove stage"; the price may then pull back and move sideways (between "Open" price and "High" of the above "Impulse upmove stage").
Safe traders with minimum risk profile wait for a breakout from the consolidation to enter at this stage to relize high profits in the final intraday final "Breakout continuation" stage
3) Breakout continuation: Stocks often in the third stage breaks up above the "High" of the first "Impulse upmove stage" and continue to go higher again.
Both Safe Traders/High Risk Traders book profits at this stage
This do not constitute, financial, investment, trading, or other types of advice or recommendation.
Techno Electric - Breakout CandidateWhile the markets have been soft..Techno has consolidated well..
Nice little consolidation breakout about 825..
The company is in a few hot sectors like data centers and power epc + transmission...
Watch out for the next breakout..
Sl for aggressive traders at 3% vs Longer term traders below the trailing 50EMA..
Resistance Breakout - TECHNOEPlease 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
Please note that, if there are some big targets, those are drawn thinking for long term.
TECHNOE - Weekly Chart AnalysisThe strength is still intact. A new ATH after pausing for 4 weeks in a 15% range.
I will stay in the trade until the strength persist. It is trading above all its moving averages.
Would not recommend you to enter at current levels and would rather suggest to wait for another base to form. Keep it in your watchlist.
Disclaimer: Already entered @ 464.50. This is just an analysis and not a buy/sell recommendation. If you intend to trade this counter then do your own due diligence and trade at your own risk.
TECHNOE - Ichimoku Bullish Breakout Stock Name - Techno Electric & Engineering Company 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 344
#This is not Buy and Sell recommendation to any one. This is for education purpose and a helping hand to learn trading in Market.
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Techno Electric & Engineering Company Limited TECHNOE:- Stock has tested the resistance many times now if it comes to test then there are more chances of breakout keep your eye on this stock
Hello traders,
As always, simple and neat charts so everyone can understand and not make it too complicated.
rest details mentioned in the chart.
will be posting more such ideas like this. Until that, like share and follow :)
check my other ideas to get to know about all the successful trades based on price action.
Thanks,
Ajay.
keep learning and keep earning.
[ Positional ] TECHNOE Long Idea
r: R is 1: 2
Rest as per Charts
Note -
One of the best forms of Price Action is not trying to predict. Instead of that, ACT on the price. So, this chart tells "where" to act in "what direction. Unless it triggers, like, let's say the candle doesn't break the level which says "Buy if it breaks", You should not buy at all.
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I use shorthands for my trades.
"Positional" - means You can carry these positions and I do not see sharp volatility ahead. (I tally upcoming events and many small kinds of stuff to my tiny capacity.)
"Intraday" -means You must close this position at any cost by the end of the day.
"Theta" , "Bounce" , "3BB" or "Entropy" - My own systems.
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I won't personally follow any rules. If I "think" (It is never a gut feeling. It is always some reason.) that the trade is wrong, I may take reverse trade. I may carry forward an intraday position. What is meant here - You shouldn't follow me because I may miss updating. You should follow the system I share.
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Like -
Always follow a stop loss.
In the case of Intraday trades, it is mostly the "Day's High".
In the case of Positional trades, it is primarily the previous swings.
I do not use Stop Loss most of the time. But I manage my risk with options as I do most of the trades using derivatives.
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