Tejas Networks Ltd – A Golden Opportunity After 57% Correction! 📖 Detailed Description & Analysis:
Tejas Networks, a leader in the telecom and network solutions space, witnessed a major correction of around 57% from its all-time high of ₹1,495, recently hitting a low of ₹650.
After sweeping the monthly low (a strong technical sign of liquidity grab), the stock created a higher high formation on the chart — a clear indication that buyers are stepping back in.
However, today, due to Q4 results, the stock dropped sharply by around 10.5%, now trading near ₹770.
👉 Important: Such results-driven drops are often short-lived if the overall technical structure is strong — and here, it is offering a golden buying opportunity for those who understand price action deeply.
Stock Overview:
All-Time High: ₹1,495
Recent Low: ₹650
Correction from Top: ~57%
📍 Entry Strategy:
Best Buying Zone: ₹689 – ₹645 (Ideal for better Risk-Reward)
Aggressive Players: Can start partial buying at current levels (around ₹770) with a proper stop-loss.
🛡️ Stop-Loss:
If price closes below the recent low (₹650) — exit the trade.
(This would mean price creating a fresh new low.)
🎯 Profit Targets:
Target 1: ₹870
Target 2: ₹975
Target 3: ₹1,150
👉 Short-term to Medium-term positional players can look to ride the move with partial profit booking at each target!
📈 Technical Highlights:
✅ Strong Higher High formation after major correction
✅ Tapped and bounced from the monthly demand zone
✅ Risk-Reward setup looking extremely favorable
✅ The 10% drop is not structural weakness — but a temporary reaction to earnings.
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⚡ Key Reminder:
Always use proper position sizing and risk management. No trade is guaranteed — but following the right setups consistently gives you the winning edge! 🧠💥
we are waiitng for long on wipro at 200 level we can go long if we got entry @200 level in wipro
with stoploss of 170 level
buy side entry only @200 level
stoploss 170
1st target - 320
2nd target - 500+
note: do not entry on cmp because our stoploss will be bigger here and target will be small so we must have to wait for best entry on 200 level
bergerpaint we can go long on cmp 547/500 rangewe can go long bergrepaint cmp 547/500 range for the 1st imp target 680
one it hold 680 level we can see new high and next big target 1600++
because the abv 680 zone its ready break the 4 year of consolidation range so keep eye on this stock for the long term holding only
go long cmp 547-500
stoploss on 430
1st target on 680
2nd target - 1600+ ( once it break the 4 year of range break out then only our 2nd target we can plan)
MARUTI | LONG | SWINGMARUTI looks like it is bottoming out.
Today it gapped down massively but the first hour candle has closed quite bullish.
Notice the clear Inverted H&S pattern formation setting up on the 1 Hr chart. This actually firms my bias on the upside.
I've taken Long swing position on MARUTI and plan to hold it for the next couple of weeks max.
TGT - 12,375 level
SL - Bearish close below 11,491
PS - Not a recommendation. Pls due your own due diligence.
VOLTAS LTDElectrical, heating, ventilation, and air conditioning, plumbing, firefighting, additional low voltages, and specialised services are all included in the Electro-Mechanical Projects and Services section. Mining and construction equipment, as well as textile machines, are included in the Engineering Products and Services sector. The Unitary Cooling Products for Comfort and Commercial Use division manufactures, markets, and provides after-sales services for cold storage and cooling equipment.
I saw that it has corrected by about 35–40% from its peak, and I believe it is now available at this favourable price. It can be accumulated with the SL 1245-40 above 1287 as a positional base. I believe that after it reaches the 1287 level, it might attempt to reach 1360, 1450, or 1520.
This is only for educational purposes; before making any investments, consult with your advisor.
MANORAMA Industries Breakout Above Resistance | Short-Term Rally🧾 Financial Content for Client (Performance FY25)
Revenue Growth:
Strong topline growth as per latest quarterly results (Q4FY25), showing consistent demand recovery and margin stability.
Profitability:
Net profit margins have improved on the back of better operational efficiencies and strong demand for specialty fats and oils.
Balance Sheet Strength:
Debt levels remain manageable; focus continues on maintaining a healthy asset-light model.
Future Outlook FY26:
Expanding international orders, coupled with premium product segment focus, is expected to drive double-digit revenue growth.
Management Commentary: Positive tone about expansion and demand pickup in domestic + export markets.
Learning Content
Price Action: Manorama Industries is at a crucial horizontal resistance (~₹1200), a major previous supply zone.
Volume: Recent breakout attempt supported by a significant spike in volume, which is a strong bullish signal.
RSI: RSI is near the overbought zone (>70), indicating strong momentum but also a caution for possible pullback if not sustained.
📊 Recommendations
Intraday Recommendation:
Bias: Bullish
Entry: Above ₹1215
Intraday Target: ₹1245 – ₹1265
Stop Loss: ₹1185
Short-Term Recommendation (1–3 weeks):
Bias: Bullish
Entry: Above ₹1215–₹1230
Target 1: ₹1300
Target 2: ₹1370
Stop Loss: ₹1160
for educational purpose only
TATA Motors Ltd view for Intraday 28th April #TATAMOTORSTATA Motors Ltd view for Intraday 28th April #TATAMOTORS
Resistance 660 Watching above 661 for upside movement...
Support area 650 Below 650 ignoring upside momentum for intraday
Watching below 648 for downside movement...
Above 660 ignoring downside move for intraday
Charts for Educational purposes only.
Please follow strict stop loss and risk reward if you follow the level.
Thanks,
V Trade Point
ICICI Bank Ltd view for Intraday 28th April #ICICIBANK ICICI Bank Ltd view for Intraday 28th April #ICICIBANK
Resistance 1420 Watching above 1422 for upside movement...
Support area 1400 Below 1400 ignoring upside momentum for intraday
Watching below 1397 for downside movement...
Above 1420 ignoring downside move for intraday
Charts for Educational purposes only.
Please follow strict stop loss and risk reward if you follow the level.
Thanks,
V Trade Point
Axis Bank Ltd view for Intraday 28th April #AXISBANK Axis Bank Ltd view for Intraday 28th April #AXISBANK
Resistance 1175 Watching above 1177 for upside movement...
Support area 1160 Below 1160 ignoring upside momentum for intraday
Watching below 1157 for downside movement...
Above 1170 ignoring downside move for intraday
Charts for Educational purposes only.
Please follow strict stop loss and risk reward if you follow the level.
Thanks,
V Trade Point
HDFC Bank Ltd view for Intraday 28th April #HDFCBANK HDFC Bank Ltd view for Intraday 28th April #HDFCBANK
Resistance 1920-1925 Watching above 1926 for upside movement...
Support area 1900 Below 1900 ignoring upside momentum for intraday
Watching below 1896 for downside movement...
Above 1920 ignoring downside move for intraday
Charts for Educational purposes only.
Please follow strict stop loss and risk reward if you follow the level.
Thanks,
V Trade Point
Aurobindo Pharma Ltd view for Intraday 28th April #AUROPHARMA Aurobindo Pharma Ltd view for Intraday 28th April #AUROPHARMA
Resistance 1220 Watching above 1223 for upside movement...
Support area 1200 Below 1200 ignoring upside momentum for intraday
Watching below 1197 for downside movement...
Above 1220 ignoring downside move for intraday
Charts for Educational purposes only.
Please follow strict stop loss and risk reward if you follow the level.
Thanks,
V Trade Point
The India Cements Ltd view for Intraday 28th April #INDIACEM The India Cements Ltd view for Intraday 28th April #INDIACEM
Resistance 295 Watching above 296 for upside movement...
Support area 290 Below 295 ignoring upside momentum for intraday
Watching below 288 for downside movement...
Above 295 ignoring downside move for intraday
Charts for Educational purposes only.
Please follow strict stop loss and risk reward if you follow the level.
Thanks,
V Trade Point
Reliance Industries Ltd view for Intraday 28th April #RELIANCE Reliance Industries Ltd view for Intraday 28th April #RELIANCE
Resistance 1301-1305 Watching above 1306 for upside movement...
Support area 1280 Below 1290 ignoring upside momentum for intraday
Watching below 1278 for downside movement...
Above 1290 ignoring downside move for intraday
Charts for Educational purposes only.
Please follow strict stop loss and risk reward if you follow the level.
Thanks,
V Trade Point
Positional trade setup for Kirloskar Brothers Ltd (NSE: KIRLOSBR🔍 Key Technical Observations:
Price Action:
Current Price: ₹1,735.50 (+4.96% rally)
Trading near upper channel of descending pattern (₹1,893 resistance)
Strong support at ₹1,633
Indicators:
Price above 200-EMA (₹1,083.74) - long-term bullish
Volume spike (812K) supporting upward move
📊 Trade Setup:
▶️ Entry Zone: ₹1,700-1,735 (current levels)
🎯 Targets:
₹1,893 (immediate channel resistance)
₹2,000+ (channel breakout)
⚠️ Stop Loss: ₹1,600 (below recent swing low)
⏳ Timeframe: 3-6 month positional trade
💡 Key Considerations:
Break above ₹1,893 could confirm trend reversal
Monitor volume on breakout attempts
Industrial sector momentum important
📌 Risk Management:
Partial profits at ₹1,850
Trail stop to ₹1,750 after ₹1,850 break
#KirloskarBros #IndustrialStocks #BreakoutWatch #PositionalTrading
Positional trade setup for Sundaram Finance Ltd NSE: SUNDARMFIN📈 Bullish Breakout Setup
CMP: ₹5,277 (testing resistance)
Key Levels:
✅ Support: ₹4,800 (strong base)
🎯 Targets: ₹5,600 → ₹6,000 → ₹6,400
⚠️ Stop Loss: ₹4,400 (below recent swing low)
Technical Edge:
• TEMA (5,9,20) showing bullish alignment
• SuperTrend (10,3) in buy mode
• Higher highs formation intact
Fundamental Check:
• NBFC sector revival play
• Consistent dividend payer (check yield)
Trade Plan:
Enter 50% at current levels
Add 50% on close above ₹5,300
Trail SL to ₹5,000 after ₹5,600 break
#SundaramFinance #NBFCstocks #BreakoutAlert #PositionalTrading
Review and plan for 28th April 2025 Nifty future and banknifty future analysis and intraday plan.
Quarterly results.
This video is for information/education purpose only. you are 100% responsible for any actions you take by reading/viewing this post.
please consult your financial advisor before taking any action.
----Vinaykumar hiremath, CMT