Tejasnetwork
Tejas networks-Technically strong setup!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
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.
Tejas Networks Ltd: Looks good for a tradeTejas 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 evaluate price range.
570 can act as a good support zone.
Note: Not a buy/sell recommendation. Do consult your investment advisor.
TEJASNET - Ichimoku Bullish Breakout 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 purpose and a helping hand to learn trading in Market.
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Tejas Networks - Breakout after long consolidation Tejas Networks made a post crash weekly closing high of 218.7 in the week ended 15th February 2021. Since then, the stock has been trading in a tight range between 160-200. The stock finally broke out of its range this week with a weekly close above 200 - the highest weekly close in 4+ months.
One can buy Tejas Networks at cmp and add when it gives a weekly close above 220.
Target: Hold with medium to long term price targets of 250-285-374. All of these are price levels from 2018-2019
Stop Loss: 177 WCB.