TEJASNET - Technical Analysis with Chart Patterns & Indicators

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

Technical Rating: 3.4

Here’s a comprehensive technical analysis of Tejas Networks (TEJASNET)

📊 Trend Overview

Current Trend: The stock is in a downtrend with signs of base formation near support.

Price Action: Trading at ₹615, which is exactly at the 50-DMA and well below the 200-DMA (₹774), indicating long-term bearishness but short-term stabilization.

📈 Momentum Indicators

RSI (57.6): Neutral zone, slightly bullish. Indicates mild recovery but not strong momentum.

MACD (2.13): Positive crossover, suggesting early bullish signals.

Volume: Current volume (5.12 lakh) is half the 1-week average (10.23 lakh), showing low conviction in the recent move.

📉 Moving Averages

Indicator Value (₹) Signal

50-DMA 615 Neutral

200-DMA 774 Resistance

Current Price 615 At 50-DMA

📌 Bollinger Bands

Price is hugging the middle band, suggesting consolidation.

No breakout or breakdown signal yet; watch for movement beyond ₹630 or below ₹600.

🧭 Support & Resistance Zones

Immediate Support: ₹600–₹610 zone

Major Support: ₹542 (recent low)

Immediate Resistance: ₹630–₹645 zone

Major Resistance: ₹700–₹720, then ₹774 (200-DMA)

🎯 Entry & Exit Zones

Optimal Entry: ₹600–₹610 (if price holds and MACD remains positive)

Exit Zone: ₹700–₹720 (first resistance), ₹770–₹780 (long-term resistance)

🔍 Conclusion

TEJASNET is consolidating after a steep fall from ₹1,460.

MACD and RSI show early signs of recovery, but volume is weak.

A breakout above ₹630 with volume could confirm short-term reversal.

Long-term trend remains bearish unless price sustains above ₹774.

Sources

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Let me know if you'd like a visual chart or a comparison with other telecom infrastructure stocks!

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bing.com

2

www.youtube.com

3

walletinvestor.com

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