Tejas Networks Trigger for Out break: TATA SON's has bought stake around 43.2%
1. Breakout was retested.
2. Good Entry is around 190-200
3. Hold for long term with SL 162.
TEJASNET trade ideas
Cup and Handle of TejasNet WorkTejas Net is forming BIG cup, after SMALL Cup & Handle. Fundamentals of firm are improving, as execution of orders continuing.
Forming Cup & Handle Chart PatternIf it breaks 220 level with High volume then can touch 370 and then 412.
potential multibagger he company was incorporated in year 2000 as ‘Tejas Networks India Private Limited’ under the Companies Act, 1956, and having its Registered Office in Karnataka, India. The Company was converted into a public limited company pursuant to a resolution of their Shareholders at an extraordinary general meeting held on October 23, 2002 and consequently, the name of Company was changed to Tejas Networks Limited and a fresh certificate of incorporation consequent upon conversion to public limited company was issued by the Registrar of Companies, Mumbai (‘RoC’) on March 18, 2008.
The company has an established local presence in India with four sales offices and 15 support centres around the country, which enable it to provide high quality customer support. Its products have been deployed by leading telecommunications operators in India, such as Bharti Airtel Limited, Tata Communications, Aircel Limited and Bharat Sanchar Nigam Limited, with whom it has long-standing customer relationships. Further, large public sector utilities such as Power Grid Corporation of India, RailTel Corporation of India, are its customers.
Business area of the company
The company design, develop and sell high-performance and cost-competitive products to telecommunications service providers, internet service providers, utility companies, defence companies and government entities in over 60 countries. These products are used in building high-speed communication networks to carry voice, data and video traffic from fixed line, mobile and broadband networks over optical fiber. Its products utilize a programmable software-defined hardware architecture with a common software code-base that delivers an app-like ease of development and upgrades of new features and technology standards. The company's products are deployed in the networks of many large global network operators, spanning over 60 countries.
TEJAS NETWORKS PT: 220 - CUP & HANDLE FORMATIONTejas Networks forming Cup & Handle formation!
With current momentum and confirmation from ADX and MACD and price action above green kumo clouds with base line and conversion line crossing we can see a nice uprise till Rs 220 at least.
support and resistanceAfter watching many network companies coming up in my weekly scanner, took tejas network, first entry and the 2nd entry are marked, after my 2nd entry stock was locked in upper circuit. Position sizing and trade management is the key to super performance
Tejas NetworkTejas Network is Futuristic technology based company which cun give VGood returns in coming years.
