here we can see a breakout of the cup and handle pattern of the NSE:TEGA Tega Swing trade CMP 1340 TP 1550 SL 1183
breaking out on daily charts. Can fall back into the channel if breakout fails..
TEGA INDUSTRIES LTD gave weekly resistance zone breakout with gud volume bar and bullish candle on daily time frame also broke inverted head and shoulders chart pattern neck zone and closed abv inverted hammer which was near to weekly resistance zone can play for swing trade with ur RR.
Tega Industries Has been looking good as the reversal signs are being seen in the lower time frames Volumes have started coming in and more buying pressure. DIIs have increased their stake in the last quarter Follow the horizontal lines for trailing SL and targets Keep this in radar!
NSE: TEGA is closing with a bullish swing reversal candle supported with volumes. Today's volumes and candlestick formation indicates strong demand and stock should move to previous swing highs in the coming days. The stock has been moving along the horizontal support for the past few days which is indicating demand. One can look for a 8% to 13% gain on...
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Please 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
50DMA carry,Institutional investors increasing their holdings,supported by valuations
TEGA Industries forming ascending triangle. Breakout will only confirm above 591. This is a low volume stock. So keep quantity Low while trading/ investing.
The Stock has been consolidating from many trading sessions, after a move from 397 to 513 levels. Now if it sustains 460 levels, we can see another swing on the upside towards 540 to 580 levels.
TEGA may move up after cement shares prices. wait for close above 543 small stoploss for education purposes only
Potential multi-bagger can see price around 2000rs in next 3 years