Tata Communications – Falling Wedge Breakout Setup
The stock has formed a well-defined Falling Wedge pattern, indicating gradual selling pressure exhaustion. Price has now broken out above the wedge resistance, signaling a potential bullish reversal.
The breakout is happening near the lower Bollinger Band, and price is attempting to reclaim the 20 EMA, which adds strength to the reversal structure.
🔍 Key Technical Levels
Immediate Support: ₹1,780 – ₹1,760
Major Support Zone: ₹1,720
Immediate Resistance: ₹1,880
Upside Target Zone: 🎯 ₹1,950 – ₹2,000
📈 Technical Outlook
As long as the price holds above ₹1,760, the bullish structure remains intact.
A sustained close above ₹1,880 with volume confirmation can trigger a strong upside move towards the projected target zone.
⚠️ This chart is shared strictly for educational & technical analysis purposes. No buy/sell recommendation.
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