TATATECH LTD. TIME FOR REVERSAL ?NSE:TATATECH
Incorporated in 1994, Tata Technologies Limited is a global engineering services company offering Product Development and Digital Solutions.
Technical Analysis:-
The Simple price action shows a reduction in the strength of bears cause the last 3-4 swing lows failed to form a strong significant lower low.
this action formed a falling wedge structure and this pattern is bullish.
If you combine the RSI readings there is a bullish divergence forming which adds up to a confluence of factors.
the volume is very low on the fall.
Entry is strictly on closing basis only above 1075
Stop:- for short-term traders is 990 on a closing basis and long-term can accumulate more on the sign of reversal from 990.
Tgt levels are mentioned on the chart.
Keep learning,
Happy trading.