TEJASNET - Technical Analysis
Last Updated Time : 02 Aug 25, 12:58 am
Back to Technical List📊 Technical Analysis for TEJASNET (Tejas Networks Ltd.)
⭐ Technical Rating
1.8 (Weak technicals driven by strong bearish momentum, breakdown below key averages, and poor volume structure)
📉 Chart Patterns & Trend Status
Trend Status: TEJASNET is in a strong downtrend, showing signs of a bearish reversal from its previous highs.
Pattern Observed: Descending channel with consistent lower highs and lower lows.
Candlestick Signals: Multiple Long Black Candles and Bearish Harami patterns suggest persistent selling pressure.
📈 Moving Averages
Indicator Value (₹) Signal
50 DMA 686 Price below – Bearish
200 DMA 852 Price below – Strong Bearish
20 EMA ~610 Price below – Bearish
Price is well below all major moving averages, confirming a strong bearish trend.
📊 Momentum Indicators
Indicator Value Interpretation
RSI 25.5 Oversold – potential for technical bounce
MACD -30.0 Bearish crossover – strong downward momentum
MFI ~15.0 Oversold – selling exhaustion possible
CCI ~-150 Strong downtrend confirmation
📉 Bollinger Bands & Volume
Price hugging lower Bollinger Band, indicating continued selling pressure.
Volume slightly above 1-week average → panic selling, not accumulation.
📌 Support & Resistance Zones
Level Price (₹)
Support 1 575
Support 2 567
Resistance 1 610
Resistance 2 645
Resistance 3 686 (50 DMA)
Trendline resistance near ₹645–₹686.
Support seen around ₹567–₹575.
🎯 Entry & Exit Zones
Entry Zone: ₹567–₹575 (only if reversal signs emerge with volume)
Exit Zone: ₹610–₹645 (short-term resistance zone)
Stop Loss: ₹555 (below recent swing low)
🧭 Summary
TEJASNET is in a strong bearish reversal, with price breaking below key moving averages and momentum indicators flashing red. RSI and MFI suggest oversold conditions, but no confirmation of reversal yet. Traders should be cautious and wait for volume-backed bullish signals before considering entry.
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