TEJASNET - Technical Analysis with Chart Patterns & Indicators
Back to ListTechnical Rating: 2.3
| Stock Code | TEJASNET | Market Cap | 5,875 Cr. | Current Price | 331 ₹ | High / Low | 914 ₹ |
| Book Value | 188 ₹ | Dividend Yield | 0.76 % | ROCE | 15.4 % | ROE | 12.6 % |
| Face Value | 10.0 ₹ | DMA 50 | 421 ₹ | DMA 200 | 593 ₹ | Chg in FII Hold | -0.29 % |
| Chg in DII Hold | -0.03 % | PAT Qtr | -197 Cr. | PAT Prev Qtr | -307 Cr. | RSI | 34.3 |
| MACD | -35.0 | Volume | 19,01,597 | Avg Vol 1Wk | 1,14,35,891 | Low price | 294 ₹ |
| High price | 914 ₹ | Debt to equity | 1.29 | 52w Index | 5.95 % | Qtr Profit Var | -219 % |
| EPS | -43.0 ₹ | Industry PE | 42.4 |
📊 Chart Patterns: TEJASNET is trading at 331 ₹, far below its 52-week high (914 ₹) and under both 50 DMA (421 ₹) and 200 DMA (593 ₹). This reflects a prolonged downtrend with weak recovery attempts.
📈 Moving Averages: Current price is below both 50 DMA and 200 DMA, confirming bearish sentiment. The 50 DMA is also below the 200 DMA, reinforcing long-term weakness.
📉 RSI: At 34.3, RSI indicates the stock is approaching oversold territory, suggesting potential short-term support but no strong reversal yet.
📉 MACD: Negative at -35.0, showing bearish divergence and lack of buying momentum.
📊 Bollinger Bands: Price is near the lower band, indicating oversold conditions. A minor bounce is possible, but trend remains weak.
📊 Volume Trends: Current volume (19 lakh) is significantly lower than average weekly volume (114 lakh), showing reduced participation and weak investor interest.
📌 Momentum Signals: Short-term momentum is bearish. Support lies around 294–300 ₹, while resistance is near 420–430 ₹.
🎯 Entry Zone: 300–320 ₹ (near support, only for short-term traders with strict stop-loss).
🎯 Exit Zone: 420–430 ₹ (near 50 DMA resistance).
🔎 Trend Status: The stock is consolidating with a bearish bias, not yet showing reversal signals.
Positive
- Book value of 188 ₹ provides asset backing.
- Dividend yield of 0.76% offers some shareholder return.
- Quarterly losses have narrowed (PAT improved from -307 Cr. to -197 Cr.).
Limitation
- Stock trading below both 50 DMA and 200 DMA shows weak technical strength.
- High debt-to-equity ratio (1.29) raises financial risk.
- EPS at -43.0 ₹ reflects poor profitability.
- 52-week performance index at 5.95% indicates severe underperformance.
Company Negative News
- Consistent quarterly losses despite slight improvement.
- FII holdings decreased by -0.29% and DII holdings by -0.03%, showing reduced institutional confidence.
Company Positive News
- Quarterly PAT improved compared to previous quarter, showing some operational recovery.
- Dividend payout continues, reflecting management’s effort to reward shareholders.
Industry
- Industry PE at 42.4 suggests strong sector valuations.
- Telecom and networking sector remains competitive with long-term growth potential.
Conclusion
⚠️ TEJASNET is consolidating with a bearish bias, trading well below key moving averages and showing weak momentum. Short-term traders may consider entry near 300–320 ₹ with strict stop-loss, targeting 420–430 ₹ resistance. Long-term investors should wait for a clear reversal above 421 ₹ (50 DMA) with sustained volume before fresh positions.
Would you like me to also highlight oversold RSI zones visually in a simple HTML chart so you can quickly spot potential bounce levels?