Tata Teleservices (Maharashtra) Big breakout alert!

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Big Breakout Alert!

Price has convincingly broken out of a long-term descending trendline with high volume interest visible on the volume profile — signaling a potential change in trend.

🔹 CMP: ₹65.88 (▲ +13.14%)
🔹 Resistance levels: ₹79.00 → ₹104.00
🔹 Support zone: ₹54.10 (Volume Node & Horizontal Structure)

🔍 Technical Insights:

Volume Profile Analysis
 🔸 High volume node between ₹54–₹66 suggests strong accumulation.
 🔸 Sharp price rejection below ₹54 confirms it as a demand zone.

Descending Trendline Break
 🔸 Price finally broke out after multiple rejections since August 2023.
 🔸 Breakout has occurred with aggressive bullish momentum.

Roadmap Projection (Blue Path)
 1. Possible retest near ₹62–₹64
 2. Push toward ₹79 zone
 3. Consolidation before breakout toward ₹92–₹104 (previous POC & supply zone)

🧠 Takeaway:
This breakout, backed by volume and structure, hints at a trend reversal. If price holds above ₹62–₹64 on a retest, the stock could enter a new bullish phase targeting ₹100+.

“The longer the base, the stronger the breakout.”

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ملاحظة

Reached :→ ₹ 79.00