TATATECH trade ideas
Tata Tech: Tata bye bye to Bears?The small falling wedge is about to break, RSI divergence is clear. Few good signs that are indicating bulls might be running into this counter. Confirmation will be above 1100 but I feel this may offer some good return from this point on, not recommended for a short term trade.
TATA TECHNOLOGIES + GANN SQ 144 + GANN SQ 9 TATA TECHNOLOGIES LTD is looking for support at 1020.
The GANN Square of 144 provides important support and resistance levels. The lines are running horizontal and vertical providing important levels. The GANN fan provides important intersections providing important levels to look for.
The GANN square of 9 provides support at 1010 and resistance at 1060 - 1110 - 1160 .
TATATECH : THE BOTTOM FORMATIONTata Technologies Limited, a company in the engineering and design services space, has undergone a notable pattern known as bottom formation, followed by a reversal after a period of accumulation. Bottom formation typically refers to a chart pattern where a stock's price reaches a trough, often forming a recognizable chart pattern like a double bottom, rounding bottom, or a descending wedge.
In the context of Tata Technologies, the bottom formation suggests that the stock price experienced a prolonged period of decline, reaching a low point, and subsequently formed a pattern indicating potential reversal. During this phase, there might have been accumulation by investors who saw value in the stock at those levels, leading to a stabilization of the price.
The reversal after accumulation indicates that the downtrend has potentially exhausted, and bullish sentiment is gaining strength. Investors and traders may interpret this as a signal that the stock is poised for an upward movement. This reversal could be driven by various factors such as positive company developments, improving industry conditions, or favorable macroeconomic trends.
It's important for investors to conduct thorough research to understand the specific factors contributing to the bottom formation and reversal in Tata Technologies. Analyzing financial reports, industry trends, and company news can provide valuable insights into the stock's future prospects.
As with any investment, it's crucial to exercise caution and consider potential risks. Technical patterns are one aspect of analysis, and a comprehensive approach that includes fundamental analysis and market conditions should guide investment decisions. Additionally, consulting with financial professionals or experts can provide further guidance tailored to individual investment goals and risk tolerance.
Can $NSE:TATATECH will Take Support ?Dear Traders,
I hope this message finds you well. I am reaching out to provide you with an important update regarding NSE:TATATECH
I'm pleased to inform you that recent market analysis indicates that has found significant support at its current levels Near 1070-1080. This support indicates a strong foundation for the stock's value, potentially mitigating downside risks and providing stability moving forward.
Levels To watchout-
If Breaks 1130-1150 this Level Then we can see Potential Upside and this will try to Test 1250-1300 Mention Levels.
As always, it's crucial to remember that investment decisions should be made based on your individual financial goals, risk tolerance, and time horizon. We encourage you to reach out to us if you have any questions or concerns regarding your investment portfolio or if you'd like to discuss potential strategies moving forward.
Tata Technologies Trying to bounce after forming a bottom. Tata Technologies Ltd. CMP – 1130.30 ( Long Term Investment Idea) (Potential Candidate for becoming a Portfolio Stock in future)
Market Capitalization Rs 45,852.7Cr
Red Flags:🔴
High Valuation
Declining cash from operations annual
Green Flags:🟢
No debt
Zero promoter pledge
FIIs are increasing stake
MFs are increasing stake
Improving annual net profit
Happy Candles Number – 42/100
X/2 Fresh Entry/ averaging / compounding after closing above 1132
Final Entry 1166
Targets: 1203, 1227 and 1257
Long term target: 1286, 1348 and 1404
Stop loss: Closing below 1070
The above information is provided for educational purpose, analysis and paper trading only. Please don't treat this as a buy or sell recommendation for the stock. We do not guarantee any success in highly volatile market or otherwise. Stock market investment is subject to market risks which include global and regional risks. We will not be responsible for any Profit or loss that may occur due to any financial decision taken based on any data provided in this message.