3. Tata Technologies Ltd
- Analysis:
Wave Structure: A 5-wave corrective structure with Wave C reaching a deep retracement zone (113%-127% of Wave A).
Liquidity Zone: Indicates possible institutional accumulation near current levels.
Target Zone: Marked at 1160-1191 INR, aligning with Wave B retracement levels.
Stop Loss: Placed at 912.80 INR, just below the support zone. - Trading Plan:
Action: Initiate buy positions at current levels (948.75 INR) or near the 923-912 zone if prices dip.
Stop Loss: Place at 912.80 INR.
Targets:
First Target: 1160 INR.
Final Target: 1191 INR. - Reasoning:
Confluence of support in the retracement zone suggests potential for reversal.
Target aligns with historical resistance, providing logical exit levels.
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