Technically, the stock is trading down all its significant daily exponential moving average and Colating C near the 44 mark on the RSI.
Shares of Tata Technologies still remain under strong bearish control, without any hints of contrast, as they continue to trade below the key moving average, strengthening the downtrend.
In this bearish scenario, how should a trade Tata technology share before its Q1 results?
Ajit Mishra, SVP – Religer Broking Research, said, “Currently, stock 695 – RS720 is being integrated into a narrow range, and the downfall of this zone can accelerate a decrease of Rs 650 or lower.”
On the sidewalk, he noted that the crucial breakout stock above the band above the series was Rs. Can lead to 735, where multiple resistance levels exist.
Mishra added, “The composition of the stock looks very weak, and the participants should adjust their position accordingly.”
Tata Technologies Share: Historical Exhibition Exhibition
In the past year, Tata Technologies shares have dropped by 31.75%. Depending on one year-to-date (YTD), the stock is down 20.88%, while in the last six months, it has dropped 11.89%. In the last three months, the stock has increased by 11.48%. However, in the last month, it declined by 6.38%.
By 12:30 pm this afternoon, shares of Tata Technologies were down 0.5% on BSE. Trade at 704.55.
Also Read: Jane Street complies with SEBI, escrow account for Rs. Deposits 4,843 crores
(Disclaimer: The recommendations, suggestions, opinions and views given by experts are their own. This does not represent the views of the economic time)
(Now you can subscribe to our Etmarkets WhatsApp channel)
