“Bullish on Tejas Networks, identifying potential upside towards the ₹680-695 zone with a holding period of 3-4 weeks. This outlook is supported by strong bullish candles on the weekly chart, a rebound from the 61.8% Fibonacci retracement level, higher trading volumes, and the stock trading firmly above all key moving averages which are also trending higher. Momentum indicators like RSI also support a positive bias.”

Axis Securities Analysis’s track record: 3 graded calls · 95% CI 21–94%