Tejas Networks Ltd – A Golden Opportunity After 57% Correction!

📖 Detailed Description & Analysis:

Tejas Networks, a leader in the telecom and network solutions space, witnessed a major correction of around 57% from its all-time high of ₹1,495, recently hitting a low of ₹650.

After sweeping the monthly low (a strong technical sign of liquidity grab), the stock created a higher high formation on the chart — a clear indication that buyers are stepping back in.

However, today, due to Q4 results, the stock dropped sharply by around 10.5%, now trading near ₹770.
👉 Important: Such results-driven drops are often short-lived if the overall technical structure is strong — and here, it is offering a golden buying opportunity for those who understand price action deeply.

Stock Overview:

All-Time High: ₹1,495

Recent Low: ₹650

Correction from Top: ~57%


📍 Entry Strategy:
Best Buying Zone: ₹689 – ₹645 (Ideal for better Risk-Reward)

Aggressive Players: Can start partial buying at current levels (around ₹770) with a proper stop-loss.

🛡️ Stop-Loss:
If price closes below the recent low (₹650) — exit the trade.
(This would mean price creating a fresh new low.)

🎯 Profit Targets:
Target 1: ₹870

Target 2: ₹975

Target 3: ₹1,150

👉 Short-term to Medium-term positional players can look to ride the move with partial profit booking at each target!

📈 Technical Highlights:
✅ Strong Higher High formation after major correction
✅ Tapped and bounced from the monthly demand zone
✅ Risk-Reward setup looking extremely favorable
✅ The 10% drop is not structural weakness — but a temporary reaction to earnings.

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⚡ Key Reminder:
Always use proper position sizing and risk management. No trade is guaranteed — but following the right setups consistently gives you the winning edge! 🧠💥