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Price and trend forecast of TEJASNET for Tomorrow, Weekly, Monthly

Tejas Networks Limited

Symbol: NSE:TEJASNET

ISIN: INE010J01012

775.55

As on 2024-04-19

618.00 (52W Low) 940.00 (52W High)

TEJASNET's Today's Performance

Tejas Networks Limited started the day by opening at 794.95 today 2024-04-19. Its shares reached a high of 794.95 and dipped to a low of 771.10 in intraday. When the markets closed, TEJASNET’s stock price settled at ₹775.55 per share. Also check out its key support and resistance levels.

TEJASNET Buy/Sell Targets

Tomorrow, sell TEJASNET when its price reaches ₹ 775.55 with a stop-loss order at ₹ 792.26. You can set the target price as ₹ 758.84 to capture potential gains. This sell position balances the risks and rewards evenly, aiming for a 1:1 risk-reward ratio.

In the sections below, we will discuss detailed share price target of TEJASNET for tomorrow's session along with weekly levels. Please note that these share targets analysis is only valid for tomorrow and the current trading week and month.

Important Down levels for TEJASNET

Downside Targets Value in ₹
Tomorrow Down Target 1 790
Tomorrow Down Target 2 804
Tomorrow Down Target 3 814

Important Levels for TEJASNET

Holding Levels Value in ₹
Tomorrow Up Target 1 766
Tomorrow Up Target 2 757
Tomorrow Up Target 3 742
Based on where the stock opens tomorrow, if TEJASNET opens on a positive note, our first target will be ₹790. If Target 1 is achieved, we will aim for Target 2 which is ₹804.

But if TEJASNET falls below the average value of ₹780.53, you can enter a sell side position with target number 1 - ₹766 and second target - ₹757 This average value also act as support and resistance level. When the stock is trading above the average, it will act like support area. Another important thing is, stocks usually get back to this average value when the price trades too far from avg. In simpler words we can consider the average price as a magnet.

Daily Volume chart of TEJASNET

Looking at TEJASNET, we've seen a Decreasing trend in its trading volume over the past week, which really tells us how active traders have been with this stock.

In terms of its price, TEJASNET has been on a Downward path, giving us insights how its value changes in the market.

Based on this, the predicted sentiment for TEJASNET is unclear.

Tomorrow's Volume based share price Forecast for TEJASNET

TEJASNET's Volume is currently in a Decreasing trend, and Price is in a Downward direction. Therefore, we can say the stock is in a unclear trend. Volume trend strength over the last month compared to the last week is 0%.

Reversal detection for TEJASNET

Predicted trend chart of TEJASNET tomorrow for price forecast
TEJASNET may reverse its trend from downside (Short term bullish outlook) and we can get target of ₹800 in morning tomorrow
Target 1 tomorrow790
Target 2 tomorrow795
Target 3 tomorrow804
 

Investferry’s trend analysis method detects short term overbought and oversold situations to identify reversal in stocks. Use this as reference for short term counter trend trades.

Combine this trend forecast with TEJASNET's tomorrow's target prediction and you will have a base for what can be done in the upcoming trading session.

Based on where the stock opens tomorrow, if TEJASNET opens on a positive note, our first target will be ₹789.97. If Target 1 is achieved, we will aim for Target 2 which is ₹804.38.

But if TEJASNET falls below the average value of ₹780.53, you can enter a sell side position with target number 1 - ₹766.12 and second target - ₹756.68

TEJASNET's Weekly Targets
1st Up Target 810.88
2nd Up Target 846.22
1st Down Target 745.38
2nd Down Target 715.22

As the week for TEJASNET ended on bullish sentiments, we can expect further continuation of this sentiment. TEJASNET's initial target will be 810.88 for the coming week if it continues to trade higher. But if it fails, we can see lower targets of 745.38 in the upcoming week.

Weekly OHLC Values
Open 768.00
High 816.05
Low 750.55
Close 775.55

Week for TEJASNET started with an open price of 768.00, and the close was at 775.55. TEJASNET reached the highest of 816.05 and dipped lowest up to 750.55 last week. This indicates a bullish sentiment for the week.

TEJASNET full month swing targets
Monthly Up Target 1 876.38
Monthly Up Target 2 911.72
Monthly Down Target 1 679.88
Monthly Down Target 2 584.22

Targets of ₹876.38 can be expected to be reached in the coming month. Once TEJASNET achieved this target, we can aim for the next upside target of ₹911.72.

TEJASNET if fails to hold upside, down targets of ₹679.88 and ₹584.22 can be achieved by end of this month.

For complete three weeks if TEJASNET is bullish, the stock may decline in the last week on the month as traders usually close their positions. So in this case, you should aim for weekly support level which will act as targets here.

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Summary

TEJASNET is expected to reach the target of 789.97 in tomorrow's trading session.

After achieving the initial target in TEJASNET, we will aim for higher targets of 804.38 tomorrow.

However, if TEJASNET starts to trade below ₹780.53, then we will shift our focus to the sell side and aim for down targets of 766.12 and 756.68.