TATATECH LTD. TIME FOR REVERSAL ?

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.