Here’s the **professional analysis** of your uploaded **TATA TECHNOLOGIES LTD (TATATECI) weekly chart**, like a seasoned institutional trader:
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### ✅ **1. Market Structure**
* **Primary Trend:** Strong downtrend from ₹1,300 to ₹597. Now forming a **reversal base**.
* **Current Structure:**
* **Rounded bottom** forming after prolonged selling.
* **Higher lows** in last 4–5 candles with increasing volume — potential **bottoming out phase**.
* Price has **closed above the 20-week EMA** (blue line) — early bullish signal.
---
### ✅ **2. Key Levels**
* **Support Zone:** ₹710–₹725 (previous pullback zone + base of accumulation)
* **Immediate Resistance:** ₹827–₹850 (prior supply area)
* **Major Resistance:** ₹940–₹1000 (if breakout sustains)
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### ✅ **3. Entry Point**
* **Swing Entry (Best Choice):**
**Buy on breakout above ₹827** (weekly closing) with volume confirmation. This confirms strength past previous resistance.
* **Aggressive Entry:**
Enter now around ₹785–₹790 with a tight stop (riskier due to resistance nearby).
---
### ✅ **4. Stop Loss & Target**
* **Stop Loss (SL):** ₹738 (below last week's low and 20EMA)
* **Target 1:** ₹865
* **Target 2:** ₹930
* **Target 3 (Positional):** ₹1,020–₹1,050
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### ✅ **5. Risk-Reward Ratio (RRR)**
* Entry: ₹790
* SL: ₹738 → ₹52 risk
* T1: ₹865 → ₹75 reward → **RRR: 1.4**
* T2: ₹930 → ₹140 reward → **RRR: 2.7**
📌 **Institutional Notes**
* Volume supports breakout interest
* Stock showing leadership signs after steep correction
* Prefer **weekly close above ₹827** before adding large quantity
---
### ✅ **1. Market Structure**
* **Primary Trend:** Strong downtrend from ₹1,300 to ₹597. Now forming a **reversal base**.
* **Current Structure:**
* **Rounded bottom** forming after prolonged selling.
* **Higher lows** in last 4–5 candles with increasing volume — potential **bottoming out phase**.
* Price has **closed above the 20-week EMA** (blue line) — early bullish signal.
---
### ✅ **2. Key Levels**
* **Support Zone:** ₹710–₹725 (previous pullback zone + base of accumulation)
* **Immediate Resistance:** ₹827–₹850 (prior supply area)
* **Major Resistance:** ₹940–₹1000 (if breakout sustains)
---
### ✅ **3. Entry Point**
* **Swing Entry (Best Choice):**
**Buy on breakout above ₹827** (weekly closing) with volume confirmation. This confirms strength past previous resistance.
* **Aggressive Entry:**
Enter now around ₹785–₹790 with a tight stop (riskier due to resistance nearby).
---
### ✅ **4. Stop Loss & Target**
* **Stop Loss (SL):** ₹738 (below last week's low and 20EMA)
* **Target 1:** ₹865
* **Target 2:** ₹930
* **Target 3 (Positional):** ₹1,020–₹1,050
---
### ✅ **5. Risk-Reward Ratio (RRR)**
* Entry: ₹790
* SL: ₹738 → ₹52 risk
* T1: ₹865 → ₹75 reward → **RRR: 1.4**
* T2: ₹930 → ₹140 reward → **RRR: 2.7**
📌 **Institutional Notes**
* Volume supports breakout interest
* Stock showing leadership signs after steep correction
* Prefer **weekly close above ₹827** before adding large quantity
Catatan
ONE MISTAKE WAS THERE LONG TERM TREND WAS NOT IN OUR FAVOUR STOPPED OUT
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Pernyataan Penyangkalan
Informasi dan publikasi tidak dimaksudkan untuk menjadi, dan bukan merupakan saran keuangan, investasi, perdagangan, atau rekomendasi lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Persyaratan Penggunaan.