Tata Communications – Falling Wedge Breakout Setup

📊 Tata Communications – Falling Wedge Breakout Setup The stock has formed a well-defined Falling Wedge pattern, indicating gradual selling pressure exhaustion. Price has now broken out above the wedge resistance, signaling a potential bullish reversal. The breakout is happening near the lower Bollinger Band, and price is attempting to reclaim the 20 EMA, which adds strength to the reversal structure. 🔍 Key Technical Levels Immediate Support: ₹1,780 – ₹1,760 Major Support Zone: ₹1,720 Immediate Resistance: ₹1,880 Upside Target Zone: 🎯 ₹1,950 – ₹2,000 📈 Technical Outlook As long as the price holds above ₹1,760, the bullish structure remains intact. A sustained close above ₹1,880 with volume confirmation can trigger a strong upside move towards the projected target zone. ⚠️ This chart is shared strictly for educational & technical analysis purposes. No buy/sell recommendation. — AALGO BREATHS