Techno Electric & Engineering Co. Ltd. – Breakout Watch Near Key Resistance

The stock is consolidating after a sharp recovery and is attempting to break out from a pennant-like structure. Price action suggests improving momentum with support from rising volumes. 🔎 Technical Observations: • Recovery from recent lows remains intact • Price trading above short-term support zone • Consolidation near resistance indicating accumulation • Momentum indicators turning positive • Potential breakout setup under formation 🔑 Key Levels: • Support: ₹1,050 – ₹1,020 • Strong Support: ₹980 • Resistance: ₹1,110 – ₹1,140 🚀 Upside Targets: • ₹1,140 • ₹1,220 • ₹1,300+ 📉 Risk Scenario: A close below ₹1,020 may weaken the bullish structure and lead to further consolidation. 📈 Trading View: 👉 Sustained move above ₹1,110 can trigger fresh bullish momentum. 👉 Trend remains positive while price holds above key support zones. ⚠️ For educational purposes only. Not a buy/sell recommendation. — AALGO BREATHS 📊