“Relentless Downtrend, No Floor in Sight”

TEJASNET

continues to remain under strong bearish pressure, with the chart clearly showing a series of lower highs and lower lows. The stock is trading near its recent lows, indicating sustained distribution and weak buyer participation. Volumes have picked up on declines, reinforcing the selling intensity, while momentum indicators remain subdued, reflecting the absence of trend reversal signals. Unless the price reclaims key resistance zones with strong volume, the broader bias is likely to stay negative, and any pullback may be viewed as a selling opportunity rather than a trend change.