📖 Detailed Description & Analysis:
Tejas Networks, a leader in the telecom and network solutions space, witnessed a major correction of around 57% from its all-time high of ₹1,495, recently hitting a low of ₹650.
After sweeping the monthly low (a strong technical sign of liquidity grab), the stock created a higher high formation on the chart — a clear indication that buyers are stepping back in.
However, today, due to Q4 results, the stock dropped sharply by around 10.5%, now trading near ₹770.
👉 Important: Such results-driven drops are often short-lived if the overall technical structure is strong — and here, it is offering a golden buying opportunity for those who understand price action deeply.
Stock Overview:
All-Time High: ₹1,495
Recent Low: ₹650
Correction from Top: ~57%
📍 Entry Strategy:
Best Buying Zone: ₹689 – ₹645 (Ideal for better Risk-Reward)
Aggressive Players: Can start partial buying at current levels (around ₹770) with a proper stop-loss.
🛡️ Stop-Loss:
If price closes below the recent low (₹650) — exit the trade.
(This would mean price creating a fresh new low.)
🎯 Profit Targets:
Target 1: ₹870
Target 2: ₹975
Target 3: ₹1,150
👉 Short-term to Medium-term positional players can look to ride the move with partial profit booking at each target!
📈 Technical Highlights:
✅ Strong Higher High formation after major correction
✅ Tapped and bounced from the monthly demand zone
✅ Risk-Reward setup looking extremely favorable
✅ The 10% drop is not structural weakness — but a temporary reaction to earnings.
📢 Don’t Miss Out!
✅ Make sure to follow me so you don’t miss my next analysis!
👍 Drop a like if you found this helpful and leave a comment with your thoughts!
💬 Let’s chat in the comment section. See you there! 🚀📊
Thanks for your support! 🙏
⚡ Key Reminder:
Always use proper position sizing and risk management. No trade is guaranteed — but following the right setups consistently gives you the winning edge! 🧠💥
Tejas Networks, a leader in the telecom and network solutions space, witnessed a major correction of around 57% from its all-time high of ₹1,495, recently hitting a low of ₹650.
After sweeping the monthly low (a strong technical sign of liquidity grab), the stock created a higher high formation on the chart — a clear indication that buyers are stepping back in.
However, today, due to Q4 results, the stock dropped sharply by around 10.5%, now trading near ₹770.
👉 Important: Such results-driven drops are often short-lived if the overall technical structure is strong — and here, it is offering a golden buying opportunity for those who understand price action deeply.
Stock Overview:
All-Time High: ₹1,495
Recent Low: ₹650
Correction from Top: ~57%
📍 Entry Strategy:
Best Buying Zone: ₹689 – ₹645 (Ideal for better Risk-Reward)
Aggressive Players: Can start partial buying at current levels (around ₹770) with a proper stop-loss.
🛡️ Stop-Loss:
If price closes below the recent low (₹650) — exit the trade.
(This would mean price creating a fresh new low.)
🎯 Profit Targets:
Target 1: ₹870
Target 2: ₹975
Target 3: ₹1,150
👉 Short-term to Medium-term positional players can look to ride the move with partial profit booking at each target!
📈 Technical Highlights:
✅ Strong Higher High formation after major correction
✅ Tapped and bounced from the monthly demand zone
✅ Risk-Reward setup looking extremely favorable
✅ The 10% drop is not structural weakness — but a temporary reaction to earnings.
📢 Don’t Miss Out!
✅ Make sure to follow me so you don’t miss my next analysis!
👍 Drop a like if you found this helpful and leave a comment with your thoughts!
💬 Let’s chat in the comment section. See you there! 🚀📊
Thanks for your support! 🙏
⚡ Key Reminder:
Always use proper position sizing and risk management. No trade is guaranteed — but following the right setups consistently gives you the winning edge! 🧠💥
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.