TELE Breakout: Bullish Momentum Ahead

The chart shows a recent bullish breakout above a descending trendline, signaling a potential trend reversal after a prolonged downtrend. The price has moved above the resistance zone around 7 and is currently trading at 7.54. A projected bullish path is indicated with dotted red lines, targeting a future price of 10, suggesting investor optimism. The chart also outlines a risk management zone with a stop loss at 5.50, highlighting a favorable risk-reward ratio. This setup implies a bullish bias with potential consolidation around the 7.50–8.20 zone before any strong continuation upward. Expected final target towards 10 which is 42.86% gain from its entry point.