TEJAS NETWORKS LTD. – Technical Analysis

Technical Observations: Tejas Networks is showing a short-term recovery after a prolonged downtrend. The price has bounced from the ₹445–₹460 support zone and is attempting to regain bullish momentum. However, the stock remains below major resistance levels, so confirmation is needed before considering a trend reversal. Momentum indicators show some recovery, but overall strength remains mixed. 📈 Key Levels to Watch - Resistance: ₹480–₹500 - Major Resistance: ₹511–₹524 - Support: ₹460–₹445 - Major Support: ₹422–₹410 🎯 Upside Targets: ₹500 → ₹516 → ₹551, if the price sustains above resistance with strong volume. ⚠️ Risk Scenario: A breakdown below ₹445 may weaken the recovery and expose lower support zones. Trading View: The stock is attempting a relief bounce, but a sustained breakout above ₹480–₹500 is important for further upside. Watch price action and volume confirmation before making any trading decision. AALGO BREATHS