📊 TBO Tek Ltd – Recovery from Falling Wedge Pattern
The stock is showing early signs of recovery after a prolonged downtrend and a falling wedge breakdown phase.
🔎 Technical Observations:
• Prior strong downtrend with lower highs & lower lows
• Formation of a falling wedge pattern (potential reversal setup)
• Price bouncing from lower levels with improving structure
• Gradual increase in buying interest
• Momentum indicators turning positive
🔑 Key Levels to Watch:
• Immediate Support: ₹1125 – ₹1065
• Major Support: ₹1020 – ₹960
• Immediate Resistance: ₹1214 – ₹1250
🚀 Upside Targets:
• ₹1250
• ₹1312
• ₹1380+
📉 Risk Scenario:
Breakdown below ₹1065 may invalidate the recovery and lead to further downside towards ₹1020
📈 Trading View:
👉 Stock is in early recovery phase after downtrend
👉 A breakout above ₹1250 can confirm bullish reversal
⚠️ For educational purposes only. Not a buy/sell recommendation.
— AALGO BREATHS 📊