TEJASNET - Technical Analysis with Chart Patterns & Indicators

Last Updated Time : 20 Dec 25, 03:55 pm

Technical Rating: 2.8

📈 Technical Analysis

• Chart Patterns: TEJASNET is trading near its 52-week low (449 ₹ vs 440 ₹), showing strong bearish sentiment.
• Moving Averages: Current price (449 ₹) is below both 50 DMA (515 ₹) and 200 DMA (660 ₹), confirming a downtrend.
• RSI: At 32.1, RSI is close to oversold territory, suggesting possible short-term bounce but weak momentum overall.
• MACD: Negative at -18.3, indicating bearish continuation.
• Bollinger Bands: Price near lower band, signaling oversold condition and potential minor rebound.
• Volume Trends: Current volume (10.2L) is slightly below average weekly volume (11.1L), showing reduced trading interest.

🎯 Momentum & Trade Zones

• Support Levels: 440 ₹ (recent low) and 400 ₹ as psychological support.
• Resistance Levels: 515 ₹ (50 DMA) and 660 ₹ (200 DMA).
• Entry Zone: Accumulate cautiously near 440–460 ₹ if rebound signals appear.
• Exit Zone: Short-term exit near 500–520 ₹; medium-term exit near 650 ₹ if trend reversal occurs.
• Trend: Stock is currently reversing downward with weak momentum, possible consolidation near lows.

✅ Positive

• ROCE (15.4%) and ROE (12.6%) show operational efficiency.
• Book value at 188 ₹ provides some valuation cushion.
• Dividend yield of 0.56% offers minor shareholder return.
• Small increase in FII (+0.10%) and DII (+0.07%) holdings.

⚠️ Limitation

• High debt-to-equity ratio (1.29), raising financial risk.
• Negative EPS (-22.4 ₹) and lack of meaningful P/E ratio.
• Stock trading far below 50 & 200 DMA, confirming bearish trend.
• RSI near oversold but MACD negative, showing weak recovery signals.

📉 Company Negative News

• Quarterly PAT worsened from -194 Cr. to -307 Cr., showing deepening losses.
• Quarterly profit variation at -215%, highlighting severe financial stress.
• 52-week index at only 1.06%, reflecting massive underperformance.

📊 Company Positive News

• Marginal increase in institutional holdings (FII +0.10%, DII +0.07%).
• Strong book value relative to current price may attract value investors.

🏭 Industry

• Industry P/E at 48.7, but TEJASNET has no meaningful P/E due to negative earnings.
• Sector outlook remains competitive, but company-specific financial weakness overshadows industry strength.

📝 Conclusion

• TEJASNET is in a bearish reversal phase, trading near 52-week lows.
• Oversold RSI suggests possible short-term bounce, but fundamentals remain weak.
• Best strategy: cautious accumulation near 440–460 ₹ with strict stop-loss; exit near 500–520 ₹.
• Medium-term outlook remains negative unless earnings improve and price sustains above 515–660 ₹ resistance levels.