Tejas Network – Company partnering with FIbreConnect to deploy optical network in Italy.
Impact - Positive
Expecting 16% Upside movement positionally ( Rs 990 ) cmp 890
Entry can be done in support area 847 - 856
TEJAS NETWORK LTD (1D)
CMP 846.85
Stock given breakout with big volume and consolidating in a higher Range
After breakout price has retested previous Resistance
One can look for more upside
Certainly, here's a more informative version of your statement:
"The breakout of the cup and handle pattern has already taken place, marking a significant technical development in the price chart. This pattern's completion implies a potential upcoming surge in prices, potentially leading to the establishment of a new all-time high. This conjecture is further...
TEJASNET can be seen forming higher lows with a consolidating top on a daily range. Interesting to see if it can break its all time high resistance and achieve 900 levels after a breakout.
Tejas network has broken the cup and handle and met the first target and is approaching to second and third targets.
Entry: 874
Not a good risk reward
First target: 925
First Stoploss: 794
Good risk reward
Second target: 1024
Second Stoploss: 725
Very Strong Stock!
Tejas Networks Ltd. #TEJASNET
1- Higher High Pattern
2- Triangle Breakout
3- Highest Weekly Volume
Note: Technical Analysis is for Educational Purpose. I am not SEBI registered. Consult your financial advisor for any Investment Advice.
Please look into the chart for a detailed understanding.
Consider these for short-term & swing trades with 2% profit.
For BTST trades consider booking
target for 1% - 2%
For long-term trades look out for resistance drawn above closing.
Please consider these ideas for educational purpose
#TejasNetworks (622)
Support : 609 Closing Basis
Consolidation near ATH
Good Base Formation
Low Volume on pullback
Getting Ready for Next Leg of upmove
