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.
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### ✅ **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
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إخلاء المسؤولية
لا يُقصد بالمعلومات والمنشورات أن تكون، أو تشكل، أي نصيحة مالية أو استثمارية أو تجارية أو أنواع أخرى من النصائح أو التوصيات المقدمة أو المعتمدة من TradingView. اقرأ المزيد في شروط الاستخدام.