Can $NSE:TATATECH will Take Support ?Dear Traders,
I hope this message finds you well. I am reaching out to provide you with an important update regarding NSE:TATATECH
I'm pleased to inform you that recent market analysis indicates that has found significant support at its current levels Near 1070-1080. This support indicates a strong foundation for the stock's value, potentially mitigating downside risks and providing stability moving forward.
Levels To watchout-
If Breaks 1130-1150 this Level Then we can see Potential Upside and this will try to Test 1250-1300 Mention Levels.
As always, it's crucial to remember that investment decisions should be made based on your individual financial goals, risk tolerance, and time horizon. We encourage you to reach out to us if you have any questions or concerns regarding your investment portfolio or if you'd like to discuss potential strategies moving forward.
TATATECH trade ideas
Tata Technologies Trying to bounce after forming a bottom. Tata Technologies Ltd. CMP – 1130.30 ( Long Term Investment Idea) (Potential Candidate for becoming a Portfolio Stock in future)
Market Capitalization Rs 45,852.7Cr
Red Flags:🔴
High Valuation
Declining cash from operations annual
Green Flags:🟢
No debt
Zero promoter pledge
FIIs are increasing stake
MFs are increasing stake
Improving annual net profit
Happy Candles Number – 42/100
X/2 Fresh Entry/ averaging / compounding after closing above 1132
Final Entry 1166
Targets: 1203, 1227 and 1257
Long term target: 1286, 1348 and 1404
Stop loss: Closing below 1070
The above information is provided for educational purpose, analysis and paper trading only. Please don't treat this as a buy or sell recommendation for the stock. We do not guarantee any success in highly volatile market or otherwise. Stock market investment is subject to market risks which include global and regional risks. We will not be responsible for any Profit or loss that may occur due to any financial decision taken based on any data provided in this message.