Tejas Networks Ltd – A Golden Opportunity After 57% Correction! 📖 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! 🧠💥
