TAJGVK – Breakout Alert
Key Insights:
CMP:433.6
1️⃣ Resistance Breakout:
The stock has successfully broken out of the previous resistance at ₹423.4 and is currently retesting this zone.
If ₹423.4 holds as support, it could act as a strong launchpad for further upside.
2️⃣ Uptrend Initiation:
TAJGVK has entered a new uptrend, suggesting bullish momentum.
However, market conditions remain unclear, with the broader trend still tilted toward a sell-on-rise scenario.
Trading Strategy:
Scenario 1 – Base Holds:
Entry: On confirmation that ₹423.4 is holding as support.
Target 1: ₹500
Target 2: ₹622 (Medium-Term Potential).
Stop Loss (SL): ₹371.5 (Closing Basis).
Scenario 2 – Scaling In:
Scale in fully only when the broader market shows clear signs of an uptrend. Until then, manage position size cautiously.
Key Notes for Traders:
Risk management is crucial in the current uncertain market environment.
Monitor price action near ₹423.4 for confirmation of support before entering aggressive positions.
This setup holds promise, but caution is the key. A confirmed break and hold above ₹424 could unlock significant upside potential! 📈
CMP:433.6
1️⃣ Resistance Breakout:
The stock has successfully broken out of the previous resistance at ₹423.4 and is currently retesting this zone.
If ₹423.4 holds as support, it could act as a strong launchpad for further upside.
2️⃣ Uptrend Initiation:
TAJGVK has entered a new uptrend, suggesting bullish momentum.
However, market conditions remain unclear, with the broader trend still tilted toward a sell-on-rise scenario.
Trading Strategy:
Scenario 1 – Base Holds:
Entry: On confirmation that ₹423.4 is holding as support.
Target 1: ₹500
Target 2: ₹622 (Medium-Term Potential).
Stop Loss (SL): ₹371.5 (Closing Basis).
Scenario 2 – Scaling In:
Scale in fully only when the broader market shows clear signs of an uptrend. Until then, manage position size cautiously.
Key Notes for Traders:
Risk management is crucial in the current uncertain market environment.
Monitor price action near ₹423.4 for confirmation of support before entering aggressive positions.
This setup holds promise, but caution is the key. A confirmed break and hold above ₹424 could unlock significant upside potential! 📈
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