Tejas Networks - Breakout after long consolidation

Tejas Networks made a post crash weekly closing high of 218.7 in the week ended 15th February 2021. Since then, the stock has been trading in a tight range between 160-200. The stock finally broke out of its range this week with a weekly close above 200 - the highest weekly close in 4+ months.

One can buy Tejas Networks at cmp and add when it gives a weekly close above 220.

Target: Hold with medium to long term price targets of 250-285-374. All of these are price levels from 2018-2019

Stop Loss: 177 WCB.

Kommentera:

All targets acheived