#TATATECH Current Price: *1,121 Trend: Bullish consolidation, approaching a potential breakout. Chart Pattern: Ascending triangle formation suggests a potential upward breakout. Resistance: ₹1,169 (immediate); strong resistance at this level. Support: ₹1,080 (initial) and ₹1,045 (major). Volume: Recent trading volume of 4.4 million shares; 15-day average volume of 3.5 million shares. Recommendation: Consider buying on a breakout above ₹1,169 for swing trade or on pullbacks around ₹1,080 with a stop loss below ₹1,045 for better risk management.
Tata Technologies shares have been trading below their all-time high since listing last year. The stock listed at ₹1,200, a premium of 140% over its issue price of ₹500.
#TATATECH IN Trade type - swing Holding - 2 week Target potential - 12% Key point -- Pattern - triangle HL with good volume Good FII/DII holding Levels --- Entry - 1111-1115 SL - 1043 Target - 1250 Note -- U can also hold For long term it's
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.