📡 Tejas Networks: Strong Base Built — Is a Technical Reversal on Cards?

📊 Technical Breakdown Price took solid support near 200-week moving average (~₹707) Long correction from ₹1800 to ₹700 seems to be losing momentum Last few candles showing base formation & tight consolidation, indicating strength near demand zone Weekly close above ₹750–770 could kickstart a fresh impulse wave 📈 Key Signals 📍 Strong support holding near ₹700 🧲 Volatility contraction near base = Possible accumulation by smart money RSI & MACD crossover (not shown here, but likely brewing) 🧮 Fundamental Strength Backed by Tata Group, focusing on 5G & telecom infra Government's push on BharatNet, BSNL 4G, PLI schemes benefits core business Debt-free, capex-light model with asset-light growth High institutional interest + long-term tech moat 📘 Learning Nugget “Strong support + long correction + consolidation = Trend reversal ke high chances. Yeh hai technical patience ka reward!”