Techno Electric & Engineering – Daily Chart Analysis

📊 Techno Electric & Engineering – Daily Chart Analysis Pattern: A clear Falling Wedge breakout is visible, which is a classic bullish reversal structure. Price has broken the upper trendline with a strong bullish candle, supported by healthy volume. 🔍 Technical View: Price has closed above the 20 & 50 EMA, indicating short-term trend strength Bollinger Bands are starting to expand, signaling rising volatility RSI is moving upward from the mid-zone, showing improving momentum Momentum indicators are gradually shifting to the bullish side 🔑 Key Levels: Immediate Support: ₹1,080 – ₹1,050 Major Support: ₹1,020 Resistance Zone: ₹1,140 – ₹1,180 🎯 Upside Targets: Target 1: ₹1,250 Target 2: ₹1,300 📌 Outlook: Sustained trading above ₹1,140 can open the next upside move. As long as the support zone holds, a buy-on-dips approach remains favorable. ⚠️ For educational purposes only. Not a buy/sell recommendation. — AALGO BREATHS 🚀