Tata Technologies Q1 results today, shares down 50% from peak. Here’s how to trade

The IT major Tata Technologies is set to announce its results for the first quarter of FY26 later in the day. The shares of Tata Technologies are currently trading near Rs 700, down 50% from their peak of Rs 1,400, which was hit on the day of the stock’s listing in November 2023.

Technically, the stock is trading below all its significant daily exponential moving averages and is oscillating near the 44 mark on the RSI.

Tata Technologies shares remain under firm bearish control with no signs of a reversal yet, as they continue to trade below key moving averages, reinforcing the downtrend.

In this bearish scenario, how should one trade Tata Technologies shares ahead of its Q1 results?

Ajit Mishra, SVP – Research at Religare Broking, said, “Currently, the stock is consolidating in a narrow range of Rs 695–Rs 720, and a breakdown below this zone could accelerate the decline toward Rs 650 or even lower.”

On the upside, he noted that a decisive breakout above the upper band of this range could take the stock toward Rs 735, where multiple resistance levels exist.“The stock’s structure appears sideways too weak, and participants should align their positions accordingly,” Mishra added.Tata Technologies shares: Historical performance

Over the past year, Tata Technologies shares have declined by 31.75%. On a year-to-date (YTD) basis, the stock is down 20.88%, while over the last six months, it has fallen 11.89%. In the past three months, the stock has gained 11.48%. However, over the last month, it has declined by 6.38%.

As of around 12:30 pm today, Tata Technologies shares were trading 0.5% lower at Rs 704.55 on the BSE.

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