TEJASNET - IntraDay Trade Analysis with Live Signals

Last Updated Time : 19 Sept 25, 2:16 pm

IntraDay Trade Rating: 2.9

Tejas Networks (TEJASNET) presents a mixed-to-weak setup for intraday trading today. Here's a breakdown of the technical and momentum indicators

📉 Intraday Trade Analysis

🔻 Bearish Signals

Negative Earnings: PAT has worsened from -₹62 Cr to -₹194 Cr, indicating deteriorating fundamentals.

Volume Drop: Current volume (5.12 lakh) is nearly 50% below the 1-week average (10.23 lakh), showing weak intraday interest.

FII & DII Outflows: Institutional sentiment is negative, with both FII and DII reducing holdings.

Price at 50-DMA but Below 200-DMA: Trading at ₹615, right at 50-DMA but well below 200-DMA (₹774), suggesting long-term weakness.

✅ Mild Positives

MACD Positive: At 2.13, indicating slight bullish momentum.

RSI Neutral: At 57.6, not overbought, but lacks strong momentum.

PEG Ratio 0.49: Reasonable valuation relative to growth, but overshadowed by negative earnings.

🎯 Intraday Strategy

📌 Optimal Buy Price

Entry Zone: ₹610–₹615 (only if volume picks up and price holds above 50-DMA)

💰 Profit-Taking Levels

Target 1: ₹625 (minor resistance)

Target 2: ₹635–₹640 (if momentum improves intraday)

🛡️ Stop-Loss

Exit Below: ₹605 (break below recent support and 50-DMA)

🕒 If Already Holding Today

📌 Exit Triggers

Volume Fades Further: If volume stays below 6 lakh by mid-session.

MACD Weakens: Watch for histogram contraction or crossover.

Price Rejection at ₹620–₹625: If price fails to break this zone, consider exiting.

RSI Drops Below 55: Indicates weakening momentum.

This setup is better suited for cautious scalping than aggressive intraday trades. If you're looking for stronger momentum plays, I can help screen alternatives based on breakout potential or sector rotation.

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