Tejas Networks Limited (TEJASNET) Stock - Complete Technical Analysis - Sep 06, 2024

Tejas Networks (TEJASNET) Stock Analysis: Key Support, Resistance

Disclaimer: This analysis is for informational purposes only and should not be considered financial advice. Investing in stocks involves risks, and it's essential to conduct thorough research or consult with a financial advisor before making investment decisions.

Tejas Networks Limited is currently trading at 1,322. The technical indicators suggest a mixed to positive outlook for the stock. The RSI is relatively neutral, indicating that the stock might be consolidating. However, the MACD shows positive momentum, suggesting a potential bullish trend.

Resistance levels to watch are around 1,410 and 1,502, which could act as barriers if the stock continues to rise. On the downside, support levels near 1,295 and 1,273 are critical. If the stock declines, these levels could provide some stability.

The moving averages are showing a bullish alignment, with the price trading above shorter-term averages but below longer-term ones, indicating a potential uptrend in the near term. Traders should monitor these key levels for potential trading opportunities and signals.