Tejas Networks Ltd
1. **Support and Resistance Levels:**
- **Resistance** is marked around ₹1,427.10.
- **Current price** appears to be around ₹1,326.95, with the next potential move targeting higher levels.
2. **Chart Patterns:**
- A **symmetrical triangle** or consolidation pattern is evident, suggesting a breakout attempt, which may already have occurred as the price is moving upward.
3. **Target and Stop-Loss:**
- **Target:** ₹1,470.65 (approximately 10% gain).
- **Stop-Loss:** ₹1,276 (1% downside risk).
- This indicates a **Risk/Reward Ratio** of 10.06, which is excellent.
4. **Indicators:**
- The use of a **moving average** line indicates support in the upward trend.
- Fibonacci levels or historical price actions may have been used to calculate the target.
- **Resistance** is marked around ₹1,427.10.
- **Current price** appears to be around ₹1,326.95, with the next potential move targeting higher levels.
2. **Chart Patterns:**
- A **symmetrical triangle** or consolidation pattern is evident, suggesting a breakout attempt, which may already have occurred as the price is moving upward.
3. **Target and Stop-Loss:**
- **Target:** ₹1,470.65 (approximately 10% gain).
- **Stop-Loss:** ₹1,276 (1% downside risk).
- This indicates a **Risk/Reward Ratio** of 10.06, which is excellent.
4. **Indicators:**
- The use of a **moving average** line indicates support in the upward trend.
- Fibonacci levels or historical price actions may have been used to calculate the target.
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