Stock Information Portal

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

Tejas Networks Limited

Symbol: NSE:TEJASNET

ISIN: INE010J01012

1,355.00

As on 2024-12-06

651.25 (52W Low) 1,495.00 (52W High)

TEJASNET's Today's Performance

Tejas Networks Limited started the day by opening at 1,347.75 today 2024-12-06. Its shares reached a high of 1,369.90 and dipped to a low of 1,335.25 in intraday. When the markets closed, TEJASNET’s stock price settled at ₹1,355.00 per share. Also check out its key support and resistance levels.

TEJASNET Buy/Sell Targets

Tomorrow, buy TEJASNET when its price reaches ₹ 1,355.00 with a stop-loss order at ₹ 1,332.21. You can set the target price as ₹ 1,377.79 to capture potential gains. This buy 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 1,372
Tomorrow Down Target 2 1,388
Tomorrow Down Target 3 1,406

Important Levels for TEJASNET

Holding Levels Value in ₹
Tomorrow Up Target 1 1,337
Tomorrow Up Target 2 1,319
Tomorrow Up Target 3 1,302
Based on where the stock opens tomorrow, if TEJASNET opens on a positive note, our first target will be ₹1,372. If Target 1 is achieved, we will aim for Target 2 which is ₹1,388.

But if TEJASNET falls below the average value of ₹1,353.38, you can enter a sell side position with target number 1 - ₹1,337 and second target - ₹1,319 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 Increasing 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 Upward 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 Increasing trend, and Price is in a Upward 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 trend may continue to be bullish since stock is making higher highs and we can get target of ₹1358 in morning tomorrow
Target 1 tomorrow1367
Target 2 tomorrow1375
Target 3 tomorrow1388
 

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 ₹1,371.52. If Target 1 is achieved, we will aim for Target 2 which is ₹1,388.03.

But if TEJASNET falls below the average value of ₹1,353.38, you can enter a sell side position with target number 1 - ₹1,336.87 and second target - ₹1,318.73

TEJASNET's Weekly Targets
1st Up Target 1,402.80
2nd Up Target 1,450.60
1st Down Target 1,307.10
2nd Down Target 1,259.20

As the week for TEJASNET ended on bullish sentiments, we can expect further continuation of this sentiment. TEJASNET's initial target will be 1,402.80 for the coming week if it continues to trade higher. But if it fails, we can see lower targets of 1,307.10 in the upcoming week.

Weekly OHLC Values
Open 1,318.00
High 1,402.70
Low 1,307.00
Close 1,355.00

Week for TEJASNET started with an open price of 1,318.00, and the close was at 1,355.00. TEJASNET reached the highest of 1,402.70 and dipped lowest up to 1,307.00 last week. This indicates a bullish sentiment for the week.

TEJASNET full month swing targets
Monthly Up Target 1 1,498.50
Monthly Up Target 2 1,546.30
Monthly Down Target 1 1,211.40
Monthly Down Target 2 1,067.80

Targets of ₹1,498.50 can be expected to be reached in the coming month. Once TEJASNET achieved this target, we can aim for the next upside target of ₹1,546.30.

TEJASNET if fails to hold upside, down targets of ₹1,211.40 and ₹1,067.80 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.

Related Stocks in the Same Sector as TEJASNET

Symbol Name Industry
TCS Tata Consultancy Services Limited Information Technology Services
INFY Infosys Limited Information Technology Services
CYIENTDLM Cyient DLM Limited Electronic Components
HCLTECH HCL Technologies Limited Information Technology Services
IDEAFORGE ideaForge Technology Limited Computer Hardware

Summary

TEJASNET is expected to reach the target of 1,371.52 in tomorrow's trading session.

After achieving the initial target in TEJASNET, we will aim for higher targets of 1,388.03 tomorrow.

However, if TEJASNET starts to trade below ₹1,353.38, then we will shift our focus to the sell side and aim for down targets of 1,336.87 and 1,318.73.