“Tega Industries – V-Shaped Recovery Turning into Higher Base”

📊 Technical View 1️⃣ Price Setup: CMP: ₹1,830. Stock made a sharp V-shaped recovery from April lows near ₹1,250 to highs of ~₹2,000. Currently consolidating around ₹1,750–1,850 zone, forming a higher base. 2️⃣ Moving Averages: 200-day EMA at ₹1,313 → Price is far above long-term trendline, showing strong momentum. Short-term support from the 20-day EMA near ₹1,790, holding well. 3️⃣ Volume Action: Noticeable volume spikes during the recovery rally. Recent consolidation is on lower volumes, a healthy sign. 4️⃣ Levels to Watch: Support Zone: ₹1,780–1,750 (base support). Breakout Zone: Above ₹1,950–2,000 → potential rally towards ₹2,200–2,300. Long-term Support: ₹1,600, then ₹1,313 (200 EMA). 🚀 Learning Takeaway V-shaped recoveries often indicate strong buying conviction. Current consolidation is forming a base near highs, which can act as a launchpad for the next move. Risk management: Below ₹1,750, the pattern weakens.