Tata Communications is approaching a crucial breakout zone on the monthly timeframe after spending nearly three years consolidating inside a broad trading range.
The recent monthly candle has displayed exceptional strength, pushing price back into the upper end of the range while significantly improving long-term market structure.
Key observations:
✅ Strong bullish monthly candle
✅ Demand zone successfully defended near ₹1,270
✅ Price revisiting multi-year supply zone
✅ Long-term momentum turning positive
✅ Potential start of range expansion phase
If buyers manage to absorb supply above ₹2,100–₹2,150, the stock could enter a fresh markup phase with significantly higher targets.
Key Levels
Current Price: ₹1,965
Supply Zone: ₹2,100 – ₹2,150
Breakout Confirmation: Monthly close above ₹2,150
Demand Zone: ₹1,270
Targets
🎯 Target 1: ₹2,283 (+16%)
🎯 Target 2: ₹2,454 (+25%)
🎯 Potential longer-term extension beyond ₹2,500 if momentum continues
Technical Observations
Multi-year accumulation visible
Higher lows developing since 2023
Strong relative strength against broader markets
Large bullish engulfing-type monthly candle
Volume participation improving near resistance
Classic Wyckoff-style accumulation characteristics
Disclaimer:
This analysis is for educational and informational purposes only and does not constitute investment advice. Trading and investing in securities involve market risk. Past performance does not guarantee future results. Always conduct your own research, follow proper risk management, and consult a qualified financial advisor before making investment decisions.
The recent monthly candle has displayed exceptional strength, pushing price back into the upper end of the range while significantly improving long-term market structure.
Key observations:
✅ Strong bullish monthly candle
✅ Demand zone successfully defended near ₹1,270
✅ Price revisiting multi-year supply zone
✅ Long-term momentum turning positive
✅ Potential start of range expansion phase
If buyers manage to absorb supply above ₹2,100–₹2,150, the stock could enter a fresh markup phase with significantly higher targets.
Key Levels
Current Price: ₹1,965
Supply Zone: ₹2,100 – ₹2,150
Breakout Confirmation: Monthly close above ₹2,150
Demand Zone: ₹1,270
Targets
🎯 Target 1: ₹2,283 (+16%)
🎯 Target 2: ₹2,454 (+25%)
🎯 Potential longer-term extension beyond ₹2,500 if momentum continues
Technical Observations
Multi-year accumulation visible
Higher lows developing since 2023
Strong relative strength against broader markets
Large bullish engulfing-type monthly candle
Volume participation improving near resistance
Classic Wyckoff-style accumulation characteristics
Disclaimer:
This analysis is for educational and informational purposes only and does not constitute investment advice. Trading and investing in securities involve market risk. Past performance does not guarantee future results. Always conduct your own research, follow proper risk management, and consult a qualified financial advisor before making investment decisions.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.