Tejas Networks –Recovery & Breakout Continuation Setup Near ₹470Tejas Networks Ltd.NSE:TEJASNETnandupkThe price has shown a strong recovery after a prolonged correction and is currently trading around the ₹460–₹470 zone. The recent consolidation near resistance indicates accumulation, suggesting a potential breakout if momentum sustains. The key demand/support zone lies near ₹383 – ₹463, which can act as a strong base on pullbacks. Trade Plan Entry Zone: ₹460 – ₹475 (on consolidation or breakout above ₹475) Stop Loss: ₹383.00 (below key demand zone / invalidation level) Primary Targets: ₹594.45 (near-term resistance level) ₹721.95 (major resistance level) ₹851.05 (final target if momentum continues) Chart Observations • Price has recovered strongly from lower levels and is now consolidating near ₹470. • The ₹383 – ₹463 zone is acting as a strong demand area. • Current price action suggests accumulation before a possible breakout. • ₹594 is the immediate resistance where price may face selling pressure. • A breakout above ₹594 can push the price toward ₹721 and higher levels. • Structure indicates bullish continuation if price sustains above current levels. Notes • This is a recovery + breakout continuation setup. • Buying on dips near support can offer a favorable risk-reward setup. • Traders may consider partial profit booking near ₹594 and trail positions for higher targets. Disclaimer This idea is for educational purposes only and not financial or investment advice. Markets are volatile and conditions can change quickly. Always do your own analysis and apply proper risk management before taking any trades.