This one would rank quite high on the risk scale.
Amazing result and great order visibility.
There is a price earning gapup..there was a good breakout along with that gap as well.
The stock is in peak momentum
Ideally would like first entry to be at 1000 with SL of 925 for that trade.
If I don't get it there then above 1090 but then the SL would be sub 990....
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...
Tejas Network Ltd Analysis on 07 Mar 24
Higher low higher high formation
Add some quantity now
Try to buy near 700
Stoploss 630
Target 800 - 900
Higher high Target 1000
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...
In the Weekly Chart of TEJASNET ,
we can see that, it has given Cup & Handle Breakout.
Let it retest and then Enter with SL and Target as per your Risk Ratio.
#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...
A clear rounding bottom formation and breaking last 2 years highs. Q3 results were excellent ( from Dec 2019 net loss of -112 cr, dec 2020 has shown 9cr profit ). Govt shift towards make in India and a clear NO to chinese Telecom equipment going forward. Expect the order book to grow immensely.
Stock has already given a big big run up. So expect corrections. ...
The stage on which PNB Housing is now standing.at some point of time this pattern was also made on Tejas network. after that the stock became a multistage.
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...
TEJASNET
- Symmetrical Triangle formation
- Took support at Fibo 62% after a correction
- Trading Above All major EMAs
- Bullish RSI
- Good accumulation during base formation
~All the information given in the chart is for the educational purpose only.
~Do your own research before investing.
~This is not my recommendation.
~My recommendation--LEARN MORE EARN MORE.
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.
