📉 Tata Technologies – Bounce Losing Steam in a Structural Downtrend

🔸 Price Action ✅ Breakout from🔸 Trend Structure 🔻 Dominant trend: Downtrend ✅ Recent bounce from oversold levels ❌ Lower highs and lower lows still intact 🔸 Momentum Signals ⚠️ RSI Bearish Divergence Price made a marginal high, RSI did not confirm Suggests weakening bullish momentum post-bounce 🔸 Key Price Levels Resistance: ₹729 and ₹797 Support: ₹685, then ₹597 (strong base) Still trading below long-term trendline resistance 🔸 What to Watch ⚠️ Inability to cross ₹729–₹797 = risk of rollover 🔍 Breakdown below ₹685 can drag it toward ₹597 ⚒️ Fresh upside only on trendline breakout with volume 📢 Disclaimer: This is for informational purposes only. Nothing herein constitutes a buy or sell recommendation. 🧑‍💼 Rajneesh Sharma is a SEBI-registered Research Analyst (Reg. No. INH000020332). 📄 Investments are subject to market risks. Read all related documents carefully before investing. Let me know if you'd like this adapted for X (Twitter), Instagram, or LinkedIn post format. falling channel (early 2025) ✅ Higher highs & higher lows since March ⚠️ Currently struggling near ₹729–₹797 resistance zone 🔸 Momentum Clues ⚠️ RSI Bearish Divergence Price up, RSI down → momentum weakening RSI hovering near 40–41 🔸 Key Levels 🔻 Support Zones: ₹685–₹670 and major at ₹597 🔺 Resistance Zones: ₹729 and ₹797 📍 Watch for close above ₹797 for next leg higher 🔸 What to Track 🔄 Pullback & retest near ₹670 = healthy consolidation ❗ If RSI doesn’t recover, short-term weakness likely 🚀 Break above ₹797 could open up rally towards ₹888 📢 Disclaimer: This is for informational purposes only. Nothing herein constitutes a buy or sell recommendation. 🧑‍💼 Rajneesh Sharma is a SEBI-registered Research Analyst (Reg. No. INH000020332). 📄 Investments are subject to market risks. Read all related documents carefully before investing.