Tega Industries (Weekly Chart Analysis)

1. Pattern Identification The stock is forming a large consolidation base below a major resistance zone near ₹2,125. After a correction from the 2024 peak, price has spent almost 18+ months building a broad accumulation structure. Current weekly candle shows strong momentum emerging from the higher-low region around ₹1,550–1,600. 2. Breakout Zone Immediate resistance: ₹2,125 This is the level that has rejected price multiple times. A weekly close above ₹2,125 with volume expansion would confirm a fresh breakout. 3. Measured Move Targets Using the height of the consolidation range: Breakout Level: ₹2,125 Base Support Area: ₹1,550 Range Height: ~₹575 Targets after breakout: Target 1: ₹2,300–2,350 Target 2: ₹2,700 Target 3: ₹3,000+ (if broader market remains supportive) 4. Momentum Assessment