Tata Communications Ltd – Breakout Retest Completed

Tata Communications Ltd – Breakout Retest Completed, Ready for Next Leg

TATACOMM

📈 Pattern & Setup:

Tata Communications has completed a clean **base breakout followed by a successful retest** on the weekly chart. The stock broke out from a long consolidation base with a strong volume spike, confirming genuine accumulation rather than a false move.

Post breakout, the price pulled back exactly to retest the previous resistance around 1750–1800, where it found strong buying support. The higher lows formation and sustained green candles now indicate that **buyers are regaining control**.

With the base structure holding firm and volumes picking up again, a move above 1940 could trigger the next rally phase toward 2600+.

📝 Trade Plan:

✍Entry: Above 1940 (sustained breakout confirmation)

🚩Stop-Loss: 1780 (below retest zone)

🎯Targets:

Target 1 → 2200
Target 2 → 2640 (around 36% potential upside)

💡 Pyramiding Strategy:

1. Enter 60% position once price breaks above 1940
2. Add remaining 40% above 2000 with strong volume
3. Trail stop-loss to 1860 once price sustains above 2100

🧠 Logic Behind the Setup:

This is a **base breakout with retest confirmation** — one of the most reliable continuation setups. The stock has shown strength by holding above its previous resistance zone even after a pullback, which now acts as fresh support.

The volume spurt on the breakout followed by low-volume retest further validates institutional participation and absorption of supply.

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🔴Disclaimer:

This analysis is for educational purposes only. Not a buy/sell recommendation. Please do your own research or consult your financial advisor before trading.