📌 Current Price & Context
Recent data shows TEJASNET trading around ₹494–₹496.
52-week range: Low ~ ₹474.45, High ~ ₹1,402.70.
On 1-day/short-term technicals: the consensus remains “Sell / Strong Sell”.
So — the stock is near its lower end of the 52-week range, but short-term momentum is weak.
✅ What This Means for Traders (1-Day / Intraday)
As of now, bias on 1-day timeframe remains bearish / neutral. Unless there is a strong positive catalyst, further downside or consolidation is more likely than a sustained bounce.
The zone around ₹484–₹486 (and possibly down to ₹471–₹475) is critical support — a breakdown below could open a bigger downside swing.
On the upside, watch ₹511–₹512 and then ₹520–₹525 for any meaningful resistance breaks — only a close above these may suggest short-term relief.
Because moving averages are well above current price, any upside rally may remain limited unless volume and market-wide sentiment improve.
Recent data shows TEJASNET trading around ₹494–₹496.
52-week range: Low ~ ₹474.45, High ~ ₹1,402.70.
On 1-day/short-term technicals: the consensus remains “Sell / Strong Sell”.
So — the stock is near its lower end of the 52-week range, but short-term momentum is weak.
✅ What This Means for Traders (1-Day / Intraday)
As of now, bias on 1-day timeframe remains bearish / neutral. Unless there is a strong positive catalyst, further downside or consolidation is more likely than a sustained bounce.
The zone around ₹484–₹486 (and possibly down to ₹471–₹475) is critical support — a breakdown below could open a bigger downside swing.
On the upside, watch ₹511–₹512 and then ₹520–₹525 for any meaningful resistance breaks — only a close above these may suggest short-term relief.
Because moving averages are well above current price, any upside rally may remain limited unless volume and market-wide sentiment improve.
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Похожие публикации
Отказ от ответственности
Информация и публикации не предназначены для предоставления и не являются финансовыми, инвестиционными, торговыми или другими видами советов или рекомендаций, предоставленных или одобренных TradingView. Подробнее читайте в Условиях использования.