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TATA TECHNOLOGIES LTD

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TATATECH trade ideas

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
NSE:TATATECHLong
by Arvind_Share_Academy
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.
NSE:TATATECHLong
by phobia666
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.
NSE:TATATECHLong
by vicky252
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.
NSE:TATATECHLong
by Marketik