You can't do that with the ternary operator, but there are a couple options. One is just to replace all the stuff between the interpolation operators with a function that returns the value you want, with the function being just some if/else statements. The other way would be a bunch of divs or ng-containers that used the ngif/else pattern *ngIf else if in template.
UPDATE:
@Eliseo pointed out you actually can do this with the ternary operator. From the question you could do it like so I think:
<td>{{Boards.status == 1 ? "Approved": Boards.status === 2 ? "Pending": "Rejected" }}</td>
The accepted answer also has a good way that I forgot, which is by using ngSwitchCase