TEJASNET - IntraDay Trade Analysis

Last Updated Time : 02 Aug 25, 12:58 am

📊 IntraDay Trade Rating: 1.7

Tejas Networks (TEJASNET) is currently not a favorable candidate for intraday trading due to a combination of technical weakness, poor earnings, and bearish momentum. Here's the breakdown

⚠️ Technical & Momentum Indicators

Indicator Value Signal

RSI 25.5 Deeply oversold, but no reversal yet

MACD -30.0 Strong bearish momentum

Volume 15.54 lakh (≈ avg) Neutral, no surge

Price vs DMA Below 50 DMA (₹686) & 200 DMA (₹852) Strong downtrend

VWAP ₹629.87 Price trading below VWAP — bearish

1

ADX 27.5 Trend strength present, but direction is negative

2

CCI -157.3 Oversold, but not bouncing

2

Stochastic RSI ~1.4 Extremely oversold, but no bullish crossover

2

📉 Fundamental Snapshot

PAT Qtr: -₹194 Cr. → Deep losses, worsening from previous quarter.

FII/DII Holding: Both declining — institutional sentiment is negative.

Debt-to-Equity: 0.89 → Relatively high leverage.

PEG Ratio: 0.55 → Suggests some growth potential, but overshadowed by losses.

💡 Intraday Strategy

✅ If Considering Entry

Avoid buying unless price stabilizes above ₹600 with volume surge.

If reversal signs emerge, consider entry near ₹587–₹591.

Profit Targets

Conservative: ₹615

Aggressive: ₹626

1

Stop Loss: ₹579 (below recent support)

🕒 If Already Holding

Watch for bounce toward ₹615–₹626 — consider exiting there.

If price fails to hold ₹585 intraday, exit immediately to avoid deeper downside.

No bullish confirmation yet — any bounce should be used to exit, not add.

🧠 Final Verdict

TEJASNET is in a strong bearish phase, with

Weak technicals

Poor earnings

No volume breakout

Oversold indicators without reversal

Intraday traders should stay cautious and avoid unless a clear reversal pattern emerges.

Would you like me to scan for stocks with stronger intraday setups today?

1

bing.com

2

justticks.in

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