TEJASNET trade ideas
TEJAS NETWORK TREND ANALYSIS ON DAILY TIME FRAMEDisclaimer
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Tejas and Dixon are applying for Pli scheme before due date confirmed by its management
Tejas Networks - BreakoutA 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.
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.