Long

TATA Tech Breakout: Inverted Head & Shoulder Targets ₹856+

A bullish reversal pattern forming in Tata Technologies Ltd (TATATECH) on the daily timeframe.

Pattern Identified:
📌 Inverse Head and Shoulders Pattern

Left Shoulder: Price dips and recovers
Head: A deeper dip followed by recovery
Right Shoulder: A higher low and bounce
Neckline: Resistance around ₹755 is tested multiple times

Key Technical Insights:
Breakout Above Neckline: Today's close above ₹755 confirms breakout

Target Projection:

Target = Neckline + Height (from Head to Neckline)
Projected Target = ₹856+
Volume Confirmation (optional): Typically, volume should rise during breakout for stronger confirmation

Sentiment:

Reversal from downtrend to possible uptrend
Bullish momentum expected to continue toward the ₹856+ zone

TradZoo

📈 Trade Smarter with TradZoo!
🔗 Website: bit.ly/tradzoopage
📣 Telegram: t.me/tradzooIndex
📲 Android App: bit.ly/TradZooApp
📲 Forex App:tradzoo.com/forex/download
🍎 iOS App: bit.ly/TradZoo-iOS-App

Also on:

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.

TradZoo

Also on: