TATA TECHTATA TECHNOLOGIES LTDNSE:TATATECHDEVA435Here’s the **professional analysis** of your uploaded **TATA TECHNOLOGIES LTD (TATATECI) weekly chart**, like a seasoned institutional trader: --- ### ✅ **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