rk10

Tejas Networks - Breakout

Long
NSE:TEJASNET   TEJAS NETWORKS LTD
285 views
3
A stock in peak momentum which has a future company investing into 5g technologies. Recently a marquee investor Vijay Kedia has been picking big quantities from lower levels. This company has been putting a lot of its money back into R&D and should be ready for future business.

Technically the stock was in momentum and now went thru 8 weeks of consolidation and has broken out again, if we get follow thru on monday i expect this to be one of the best performing stocks of the week. A very similar pattern can be observed in IndiaMart which also consolidated for 8 weeks and again took off..I am hoping this one does something similar now.

Long at CMP with SL below 154.

Disc: I have a holding in this company and hence might be biased.

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