Tejas Net - Expecting Big MoveResults Better than expected
After big wave we had a small pullback
Delivery volumes on the rise
Expecting some big move in coming days
1050 can act as strong support
Tejas
Tejas Network, the iPhone maker in IndiaThere is no introduction needed for this script. The very long run is due and recent low can act as an immediate support. Rising channel with blockbuster volume is significant for upmove. RSI crossover on weekly TF also indicating to move towards ATH.
CMP : 811
Taregt 940/1040/1260++
Kindly note that I am not a SEBI registered analyst. Perform your own analysis before taking any trade.
Cup and Handle Formation in Tejas NetworksA Cup and Handle formation is seen in Tejas Networks weekly chart. Price has to however cross 220 levels and give a breakout. If a breakout is seen from these levels then we safely take a long position.
Tejas Network Flag / C&H BO NSE:TEJASNET
buy now and add more around 180
SL clsoing below153
T 222, 255 280 310
Swing Trade Idea #213 : Long on TEJASNET This is a public swing trade idea from "one right trade" and is only for Learning and observational purpose. Please understand your risk and take full responsibility of your actions. We would comment on any further updates on our entry, targets and stop-loss on this idea, so make sure to follow it if you want to get further updates. Our objective to help anyone who wants to learn technical analysis using charts. You can post your queries in comment section here and we will try to answer asap.
TEJAS NETWORKS LTD : NSE TEJASNET Long TEJAS NETWORKS LTD : NSE TEJASNET Long
Only if sustains Above 162 : buy @163
Target : 178 , 185
