β€Ή All Posts
CA Omkar Bhutada - SEBI Reg IA

10th Oct Β· SEBI-Registered Analyst

Tata Communications Ltd – Cup Breakout Setup Forming β˜•πŸš€

TATACOMM
πŸ“Š Technical View (Weekly Chart) Tata Comm is forming a large cup pattern with resistance around β‚Ή1810, acting as the neckline. Current price near β‚Ή1735 is approaching the breakout zone with strong bullish candles and volume expansion (+7.5% this week) β€” indicating strong institutional activity. A confirmed weekly close above β‚Ή1810 would complete the breakout, projecting a target zone of β‚Ή2150–2250 (β‰ˆ +25%). The base formation since February 2025 shows a rounded recovery, confirming accumulation. πŸ“ˆ Strength Signs: Volume surge with every upward move β€” classic confirmation of demand. Price holding comfortably above short- and medium-term EMAs. Multiple rejections at the neckline earlier β€” a breakout now would trigger multi-month trend continuation. πŸ’‘ Summary: Breakout Level: β‚Ή1810 Targets: β‚Ή2150 β†’ β‚Ή2250 Support: β‚Ή1600 Bias: Bullish continuation

#WatchOutFor#Today’sTradingSetup#StockInNews#TechnicalViews#FundamentalViews
TATACOMM_2025-10-10_09-26-43.png
555 likesΒ·64 comments