TATATECH trade ideas
Has to cross resistance zoneStock has to cross the zone marked by two trend lines to give a good upward move.
TataTech consolidating and waiting for breakout.Trading in range on hourly chart. Range getting thinner. Accumulation being done. Investment opportunity above 1172 with a stop loss of 1135.
TATA Technologies - LongTATA Technologies - Long
As of today, suitable for Short-term Trade / Swing Trade
Buy& accumulate Area: ₹1130 - ₹1185
Stoploss: ₹1060
Target 1: ₹1204.40
Target 2: ₹1240.75
Target 3: ₹1286.20
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Undervalued stock!!!!A stock price is defined by its fundamentals, growth rate and financial performance.
When compared to KPIT Tech which opreches in same industry and being Tata tech's closest competitor it has been given PE of 85 while Tata tech is valued 70 which is 15 points lower then
KPIT tech.
As per Q3 result of Tata tech TTM eps is 17.15 and with PE of 85 its current value of stock should be around 1457.
I know a lot of people must thinking about exiting from this stock but its the time when and should acquire as many shares as they can.
You weed to keep it in your mind that companies of Tata group are way more trustable than anything on any other stock listed in the market and consistent growth makes. So all you need is keep buying as much as you can and wait for the market to give it its right valuations and then you'll be rewarded. Keep patience markets are unfair most of the time wait for it to be fair with you.
If you can remember Tata motors it was trading of 80 3 years ago no one raised and it slowly went to around 1000 making it a 10 bagger. So my advice for Tata tech investors is to just accumulate as many quantities as you can and wait for if you will make really good profit.
IN Stock market patience is rewarded.
TATATECH looks bullishTatatech looks bullish inn daily time frame .
Strong bullish candle form with volume
Company may give dividends to its stakeholdersAfter announcing annual income statement of FY 2022 - 23 company announced a dividend of 12.30 Rs per share which is approximately 2.5% per year so in upcoming future company may pay dividends constantly
TATA TECHNOLOGY HOURLY CHART...Stock after a good listing high of 1400 has seen some profit booking already by short term investors. Stock levels to watch are 1150 on downside and 1212.50 on upside. Short term traders can look at 1150 as a buy level and sell level of 1212.50 with suitable suitable stop loss as per their risk reward profile.
Disclaimer :Not a trading reccomendations levels given or guidance only. Take advice of your financial advisor before buying or selling the stock.
1800-1900(minimum) by April As per financial statements growth rate EPS of TATATECH should be 22++ and at EPS of 22 and current PE its price would be around 1800-1900.
So if we believe on holding stocks with support of its fundamentals. TATATECH is a must hold company.
It’s just the beginning…. Read it…So now TATATECH has started to bounce back…
From the volume chart you can see volumes have been decreasing with smaller red candles and last day it bounced back with a green candle and more volume than earlier.
From here it will go to 1400 in upcoming days and maybe spend a day or two around it.
And once it goes above 1400 it will go to 1800-1900 for now, and if market wants to make it overvalued it may go 2400 or above.
I’ll keep you guys updated as stock moves.
One can check my past posts as well. Please follow me and like my posts if you like it. It will motivate me to bring up more unbiased updates for you guys.
TATA TECH TREND NOWTURNED BULLISH TREND NOW
crossed Above supply zones now
will target 1302 then 1332
SL below 1240
Tata Technologies Ltd.Tata Technologies Ltd. is an engineering services provider that offers turnkey solutions and product development to original equipment manufacturers (OEMs) around the world.
Although it's challenging to analyze in a short time frame, I think there will be an attempt at a positive retracement when the delivery base's volume increases.
I think it has the ability to hit 1275, 1300, 1350, and 1400 if it crosses the 1246 level.
This isn't a recommendation; it's only meant to be educational.
Kindly consult your advisor before to making any investments.
TATATECHThe framework of a good IPO base is simple:
The decline from a peak to low usually doesn't top 20%, but after a good gain on a listing day, the more volatile markets can have a decline of up to 50%. 2. The length of a base is often less than five weeks and can be as short as seven days
$NSE:TATATECH SIP when the herd is fearful. Missed the IPO?NSE:TATATECH SIP when the herd is fearful. Missed the IPO?
Do your own research before investing or trading in any stock or indices.
Disclaimer:
This is not a financial, investment or trade advice. Its only for educational purpose.
Don't be fearful keep on buying!!!! as he have seen so many listings like MANKIND and others they got listed and keep on climbing after a few days even after having not so good past records like financials or brand value you can observe them by looking at their charts and their financial statements.
Where TATATECH is equipped with very strong financial and brand value.
So there is no need to be fearful for anything. I would only sugget one thing to keep on buying on this stock accumulate as may shares as you can keep Faith on it. Its defiantly gonna make a great chunk of money if you'll hold is for longer term.
One can go and check any of the TATA’s stock, you want a single one which hasn’t heart for 20 times.
.
It will become a MULTIBAGGER.
FOR LONG TERM INVESTORS
Its a study about future growth of the stock.
As of now at price of 1300 its PE is 84.58 and EPS is 15.37. Which is fairly valued while comparing to its closest peer KPIT TECH.
Now as the company’s profit growth is at 60% CAGR in upcoming 2 years (FY25-26) Its profit will go to somewhere around 2400cr so EPS will be around 80 atleast and at EPS of 80 and PE of 85 its price will be somewhere near 7000 which is almost 6x FOLD from current price.
and if a trustable stock like TATA can 6 fold your money in just 2 years it worths holding it.
Its just a view of only 2 years. how many fold it will bring to your money only holding it for longer can tell you.
Tata Tech: Keep on radar for upper circuitTata Tech IPO is still showing good demand after bumper listing. Looking good on intraday basis above 1316. Keep on radar. Upper circuit limit for the day is 1400.
Buying order is still two times of selling order. Can see good momentum.
