Date: 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: • TATATECH is going through down trend since it's listing in Nov-2023. • After touching the high of 1,400 on listing day, TATATECH has retraced 31% to 970.10 level. • On 21-Aug-2024, TATATECH has broke out from it's 9 month old down trend with higher than average volume. • 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.
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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.
Not
27-Aug-2024
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LTP: Rs. 1,099.40
1st resistance of 1,073 reached. 7% up from suggested level.
Not
08-Sep-2024
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LTP: Rs. 1,112.65 (on 6-Sep)
2nd resistance of 1,115 reached. 9% up from suggested level.
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