TATA TechnologiesSeems a breakout in Weekly and Daily TF supported by strong spurt in Volume. Expecting a reversal. Thoughts and suggestions are welcome.
TATATECH trade ideas
Tata Technology Volume Spike A significantly large volume spike has been seen recently with a break of trend line a good price to enter would be above 1060 with Stop loss of last Low around 930 taget for longterm would be ath and swing can be 1:2.
Note: always enter the trade with predefined stop loss that too calculated ,not risking more than 10% of the capital.
Kudos
TATATECH Showing Strong reversal 2:1 RR ratio TradeTata tech showing reversal after a good consolidation. Already given TL breakout. If breaks close above 1050 can see good upside momentum
Trading setup for Tata Technology1. Lower Tops and Lower Bottoms: This pattern suggests that the stock was in a downtrend after its initial listing, with each high being lower than the previous high and each low being lower than the previous low.
2. Consolidation: Since July 2024, the stock has been consolidating at lower levels. This typically indicates a period of stabilization where the price is moving within a range, suggesting accumulation by investors. During this phase, the stock might not be making significant gains but is building a base.
3. Breakout: The stock has recently broken above the downtrend line with high volume. This breakout from a downtrend line, especially when accompanied by high volume, is often seen as a bullish signal. It suggests that buying interest is strong and the stock may be poised for an upward move.
4. Bullish Implications: The combination of consolidation at lower levels and a breakout with high volume can be interpreted as a positive signal. It indicates that the selling pressure has subsided and there could be potential for further gains if the bullish momentum continues.
Trade Setup:
Buy Entry: Consider buying the stock if it trades above ₹1040.
Stop-Loss (SL): Set your stop-loss at ₹980 to manage risk.
Target: The target is open-ended, meaning you expect the price to rise significantly, but you will need to monitor for potential exit points based on further analysis or changes in market conditions.
It’s always wise to stay updated with any fundamental changes or news that could impact the stock and adjust your strategy accordingly. Good luck with your trade!
***Disclaimer : This is my personal view, please trade after consultation with your financial advisor. I am neither a SEBI Register RA or RIA.
Regards
Arvind Kumar Yadav, Cfa
Arvind Share Academy
Tatatech Stock AnalysisStock is Witnessing Huge Volume From Last Days.
Huge Delivery Marked on 20&21st August.
Stock is Consolidating Betn 970&1050 odd levels.
Any Break & Daily Close Above 1050 will be positive For Stock
Tata technologies breaking falling wedge pattern1) Tata technologies is now breaking out of a falling wedge pattern and seems will reverse. It has also broken above 50 dma.
2) One needs to wait for a proper retest of horizontal support and 50DMA which are forming confluence as support.
3) A strong bullish Morubazu candle with good volumes at the support will confirm the entry in stock. This will also change the price structure from Lower high & lower bottoms to higher high which will indicate change in trend structure.
4) RSI has broken 60 and looks stong, RSI may retest 60 levels and should take support on retest.
Tata Technologies Ltd - Breakout OpportunityDate : 21-Aug-2024
LTP : Rs. 1,025.45
Next Resistances: (1) Rs. 1,073 --> (2) Rs. 1,115 --> (3) Rs. 1,147 --> (4) Rs. 1,179
SL : Rs. 970 on daily close basis
Technical View:
• NSE:TATATECH is going through down trend since it's listing in Nov-2023.
• After touching the high of 1,400 on listing day, NSE:TATATECH has retraced 31% to 970.10 level.
• On 21-Aug-2024, NSE:TATATECH has broke out from it's 9 month old down trend with higher than average volume.
• NSE:TATATECH is trading above 20 DMA and 50 DMA. On 16-Aug-2024 it has closed above 20 DMA and on 21-Aug-2024 it has closed above 50 DMA.
• RSI is already in buy zone and trading at 64.
• MACD has already crossed over it's signal line and about to cross 0 line.
• Looking good to start an uptrend from here onwards.
Like the analysis? Boost/Like this idea and follow my ID.
Disclaimer : I am not a SEBI registered analyst/consultant and not recommending anyone to take any BUY or SELL position in stock market. Investing in stock market is risky and one should do a self analysis and validation before investing in stock market. My ideas are published for learning purpose only and are available to everyone at no cost/charge.
TATATECH coming out of Ipo base ? Recent ipo TATATECH seems like coming out of the classic ipo cup. Should wait for confirmation though. 1-2 week of higher lows should confirm bullish trend.
Similarly two other ipos GANDHAR and MUFTI are also waking up.
Tata Tech- Upmove aheadTata Tech has been an underperformed. Has upside potential for 50% from these levels. Keep on watchlist. Has broken a downward trend on weekly basis.
Buying Opportunity in Tata TechnologiesTata Technologies has been in a downtrend.
Technical indicators show weak momentum.
It has strong support near 980 levels and 970 levels.
Immediate resistances are around 1,004, 1,009, 1,018
ICICI Securities is bullish on Tata Technologies and has given buy rating with a target price of Rs 1330 (one year)
TATATECH at supportLooks good to me at this support zone, not a major but a good support zone keep an eye on it.
This stock is only for long term investment.
Tata Tech - Best Auto IT sector Stock. Best Above 1036/1064Tata Tech - Alternative to Tata Elxsi / KPIT
The stock has tanked ever since it has listed. IT stocks are doing well. This co. is in to IT specializing in auto sector.
Overall the sector is doing well.
The stock is looking attractive. One can enter above 1036 and most conservative investors can wait till 1064 to enter with strict SL of 1000.
Disclaimer : Educational content. Please do your own research !!
BLOCKBUSTER IPO AT ITS SUPPORT LEVELTata came back to IPO market with an this company in 2023 in almost 2 decades. Issued at price of Rs. 500, listed at 1200 but finally it has cooled and can be added from investment perspective for long term. NSE:TATATECH around 1000 with breakout possible in few weeks looks exciting with very small stop loss of 5%.
tata tech falling wedge and perrelal channel viewfalling wedge wide range start from 1175 and get narrow at 1000 range
multiple time takes support at 1000 range
next target 1050 and
support s1 978
This analysis is my own idea.
I don't recommend taking trade based on this idea.
Know the market risk before trade.
Strong Partnership And Technicals Will Boost The Stock Prices
✅ Tata Technologies is trading within a descending channel and nearing strong support levels around INR 980. A breakout above the upper resistance line at INR 1,040 could signal a trend reversal and a potential rally towards INR 1,200.
✅ Recently, Tata Technologies reported a net profit increase of 6.1% sequentially for Q3 FY24, reaching INR 170.2 crore. The company also secured four major automotive deals, including a $50 million contract, showcasing its strength in the automotive engineering sector.
TATATECH | Triple bottom support | Triangle patternNSE:TATATECH
TataTech
Long position
Duration 1-3Months
Analysis:
Triple bottom support
Triangle pattern
Consolidated from long time since listing and at very good discount price
One can go for long term as well
Note: Only for Education purpose No BUY/SELL recommendation
Tata Technologies - Long IdeaTechnical Analysis
As per Pivot analysis and Technical analysis
Tata technologies is looking good for long if sustains at current level.
Entry SL and Target are mentioned on chart itself.
Disclaimer - For education purpose only.
TATATECH base formation TATA TECH after massive listing continuously in downtrend, however now from last few days resisting any more downfall, marked the lines for the reference where it's facing resistance should keep in watchlist as of now... closing above 1183 needed for change in trend... Above key moving averages 21EMA, 10EMA
Tatatech High potential 💥 Trade Secrets by Pratik 💥NSE:TATATECH
Good to keep on the radar
Always respect SL & position sizing
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Trade Secrets By Pratik
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Disclaimer
SEBI UNREGISTERED
This is our personal view and this analysis
is only for educational purposes
Please consult your advisor before
investing or trading
You are solely responsible for any
decisions
you take on basis of our research
Given Falling wedge BO - good RR set-upThe stock has given a Falling wedge breakout and looks good if sustains the breakout.
This can be a good RR set-up.
This idea is only for Educational Purpose.
This is not a BUY/SELL recommendation
Learn & Earn,
Dr. Tanya Kumar
The downtrend is overTata Tech- CMP 1091
The break of the falling channel and retest is telling me the down trend is over, this is a good place to buy this counter,
TATATECHtata tech now taking support on 1020-1040 area and we can see a buying opportunity @ 1030 and if 1000 level break then we can add more qty at the range of 930-965 after that put your stop loss at 850 and target 1640-1680
average stop loss (-13% approx)
target (+70%)
duration (dec 2024)
