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! 📈