TRACXN : Taking support at key level

6 gün önce

Tracxn Technologies Ltd (TRACXN)

1. Technical Analysis
   This chart highlights a demand zone and a trendline breakout setup.
   
   
   1. Demand Zone: ₹68–₹73
      
      A strong support zone where buyers previously reversed prices.
      
   2. Failed CHoCH:
      
      Sellers failed to push prices lower, forming a potential reversal pattern.
      
   3. Trendline Resistance: ₹90–₹92
      
      The current price is testing this level. A breakout confirms a bullish move.
      
   4. Target Zone: ₹110–₹115
      
      Projected price target after a successful trendline breakout.
      
   5. Stop Loss: Below ₹68
      
      If prices fall below the demand zone, the setup fails.
      
   Educational Tips:
   
   Buy Strategy:
   Enter on a breakout above ₹90–₹92.
   Alternatively, buy near ₹68–₹73 with a stop loss below ₹68.
   Stop Loss: Always place below ₹68 to manage risk.
   Target Levels: ₹110–₹115