TATATECH : time to wake up now

516
3. Tata Technologies Ltd

  1. Analysis:

    Wave Structure: A 5-wave corrective structure with Wave C reaching a deep retracement zone (113%-127% of Wave A).
    Liquidity Zone: Indicates possible institutional accumulation near current levels.
    Target Zone: Marked at 1160-1191 INR, aligning with Wave B retracement levels.
    Stop Loss: Placed at 912.80 INR, just below the support zone.
  2. Trading Plan:

    Action: Initiate buy positions at current levels (948.75 INR) or near the 923-912 zone if prices dip.
    Stop Loss: Place at 912.80 INR.
    Targets:
    First Target: 1160 INR.
    Final Target: 1191 INR.
  3. Reasoning:

    Confluence of support in the retracement zone suggests potential for reversal.
    Target aligns with historical resistance, providing logical exit levels.

Feragatname

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