Tilaknagar Industries retests its breakout zone!!

Tilaknagar Industries retests its breakout zone Tilaknagar Industries Limited (NSE: TI) was trading around ₹568.70 on September 21 after breaking out across multiple timeframes with very high volume. The stock then retraced toward its breakout zone on comparatively low volume, suggesting limited selling pressure during the retest. The Point & Figure chart has also invalidated a previous bearish setup, while the price structure indicates a shift in control toward buyers. The current setup therefore has a clearly defined breakout-and-retest structure. The important technical development is not just the initial breakout, but the way the stock has behaved during the retest. The retracement toward ₹565-₹560 has taken place with low volume, which keeps the breakout structure relevant.