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Technicals for Tejas Networks Limited
By MusingTheNews
2025-07-16 20:57
Overall Technical outlook
Price Summary
On 2025-07-16, TEJASNET's stock started at 655.0, reached a high of 660.0, fell to 651.35, and ended -0.21% lower at 653.65, with 1461475 shares traded. The stock reached its highest price of 1438.0 and lowest price of 649.7 over the last 52 weeks.
Technicals
Support and Resistance: At 653.65, the price for TEJASNET is supported at 649.7 and resisted at 719.9. This indicates a trading range where 649.7 serves as a support level, potentially preventing further decline, while 719.9 could limit upward movement. Support/Resistance for TEJASNET
Aroon: The AROON is in a neutral stance, with no clear direction indicated for the market. This lack of clarity suggests that the market may be in a state of equilibrium for TEJASNET, with no strong trend emerging. Aroon chart for Tejas Networks Limited
Bol. Bands: The price has fallen below the lower Bollinger Band and has continued to stay there since the last move, indicating strong downward pressure. This position suggests that the market might be oversold, with continued bearish momentum expected. The prolonged stay below the band points to a potential continuation of the bearish trend, making it a key area for traders to consider in their analysis. Bolinger Bands chart for Tejas Networks Limited
Parabolic SAR: The PSAR maintains its bearish outlook, setting a resistance level that could act as a ceiling for upward momentum. This ongoing bearish trend suggests that the market may struggle to overcome this resistance, keeping prices subdued. Parabolic Stop and Reverse chart for Tejas Networks Limited
Stochastic: The STOCHASTIC is in a neutral stance, not pointing to a clear trend in either direction. This suggests that the market may be lacking strong momentum, making it difficult to predict the next move. Stochastic chart for Tejas Networks Limited
Tripple Moving Agerage: The alignment of the 20-50-100 period moving averages suggests a bullish trend, but the potential for a reversal is hinted at by the slopes of the shorter-term averages. These faster-moving averages show signs of weakening momentum, indicating that while the overall trend is still upward, a reversal could be approaching. Tripple SMA chart for Tejas Networks Limited
When assessing a company's technical performance, such as stock price fluctuations and trading volume, it is crucial to first examine its fundamentals. These fundamentals include financial health, profitability, and growth potential. Additionally, understanding the industry's dynamics, including competitive pressures and market trends, is key to contextualizing the company's performance. By integrating these factors, a more comprehensive and meaningful analysis can be conducted, leading to more informed investment decisions.
DISCLAIMER: We provide information and our musings based on events, but nothing on this site can be considered professional advice of any kind.
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