Tejas Network ? Can it give profits ?Good fundamentals, Great stakeholders, Overall discounted market, Stock near least resistant line. Odds are more that we make money on this trade.
Tejasnetwork
TEJAS NETWORK Volume spike cmp : 1187
sl : 1100 cb
t1 : 1370
t2 : 1500
Market Cap
₹ 20,341 Cr.
Current Price
₹ 1,188
High / Low
₹ 1,495 / 651
Stock P/E
44.8
Book Value
₹ 217
Dividend Yield
0.00 %
ROCE
3.68 %
ROE
2.06 %
Face Value
₹ 10.0
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Tejas Networks Posts Strong Q1, Awaiting BreakoutTEJAS NETWORKS reports strong Q1 results with significant net profit, substantial revenue increase, and solid EBITDA profit. Technically, the stock is consolidating after an uptrend, retracing from the 38% Fibonacci level, and is poised for a breakout above 1495 INR.
Tejas Networks Rounding Pattern Formation Lifetime High Breakout*Tejas Networks*
Time Frame: Daily
Observation:
* Rounding Bottom Pattern Formation on Daily time frame.
* Lifetime high tested.
Resistance/Target: 690 756 820 861
Support: 570 526 467
Tejas Network TrendGood Support for This stock 355
if break out below this lvl it will come around 200
