TATATECH LTD. TIME FOR REVERSAL ?

10 giu

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.

7 lug

Nota

Extending the Range will be active in some time, set your alerts so you don't miss it.

28 ago

Trade attivo

Finally, the breakout triggered yesterday closed good above the breakout level now expecting good continuation.