Tejas networks is a loss making multibagger company which has been consolidating since few months.
If stock breaks 800, a support reversal can be confirmed and new ATH can be expected in stock.
The stock is a multibagger stock which can repeat its performance if market is bullish.
Only Risky traders should keep this in watchlist
There 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...
NSE: TEJASNET is closing with a bullish consolidation candle supported with volumes.
Today's volumes and candlestick formation indicates strong demand and stock should move to previous swing highs in the coming days.
The stock has been moving along the horizontal support for the past few days which is indicating demand.
One can look for a 8% to 12% gain on...
#TEJASNET trading above Resistance of 745
Next Resistance is at 1188
Support is at 472
Here is previous chart:
Chart is self explanatory. Entry, Resistances and Support are mentioned on the chart.
Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations. I am not SEBI registered. Please consult your...
Tejas Networks Ltd. looks good for a short/medium term trade basis price action.
Good support along the trendline and weekly closing above the 40MA.
Price might see some tightness in the range between 640-679. Wait for price to close above 679. However, can see good momentum above 680 with initial target of 716. Based on further price action will need to...
Tejas looks solid at these levels if the breakout sustains. Buy only above the line (clearly marked). That line will then act as a stop loss (or support levels) and one can ride it for new all time high levels in my opinion. Looks strong.
Stock Name - Tejas Networks
Ichimoku Cloud Setup :
1). Today's close is above the Conversion Line
2). Future Kumo is Turning Bullish
3). Chikou span is slanting upwards
All these parameters are showing bullishness at Current Market Price
and more bullishness AFTER crossing 744
#This is not Buy and Sell recommendation to any one. This is for education...
The analysis is done on monthly TF hence price may take few weeks to few months in order to reach the targets.
Trade setup is explained in image itself.
The above analysis is purely for educational purpose. Traders must do their own study & follow risk management before entering into any trade
Checkout my other ideas to understand how one can earn from stock...
A 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.
As we see cup and handle pattern in TEJAS NETWORK ,we can expect price to move towards 220 a minor hurdle to 250 major hurdle. A return of 10 -25% with in 3-6 month
TEJAS NET is in a breakout zone !!
Can expect an upside move if 219-220 ranges is broken.
Stop loss @200-205 ranges! Maintain strict stop loss to restrict loss.
Don't take this trade blindly, analyze the stock and only trade after it passes your analysis !!
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