TATA MOTORS – Textbook CT Breakout on Weekly Chart

🔍 Key Technical Highlights:
✅ CT Breakout: Clean break above a long-standing counter-trendline drawn from the November 2024 highs. The breakout is decisive, with the latest weekly candle closing convincingly above the CT.

✅ Volume Confirmation: Weekly volume surged to ~9M, confirming strong participation behind the breakout — a critical condition for higher timeframe setups.

✅ Simple Base at 200 EMA: Price formed a simple base right at the 200-week EMA, absorbing selling pressure and building strength before the breakout. This acts as a reliable launchpad, often seen in high-quality setups.

✅ EMA Recovery: The breakout candle reclaims the 200 EMA, a strong sign of trend reversal and institutional interest.