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.”
#TataTeleservices #TTML #BreakoutStock #VolumeProfile #TrendlineBreak #SwingTrading #ChartAnalysis #StockMarketIndia #PriceAction #TechnicalAnalysis
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.”
#TataTeleservices #TTML #BreakoutStock #VolumeProfile #TrendlineBreak #SwingTrading #ChartAnalysis #StockMarketIndia #PriceAction #TechnicalAnalysis
Note
Reached :→ ₹ 79.00 
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Disclaimer
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LOW RISK? PLAY HUGE!
Follow for latest updates and valuable financial content
✆ t.me/iVishalPal
Yt: t.ly/frb4G
LinkedIn: t.ly/g_SjB
WhatsApp: t.ly/_6T9j
TradingView: t.ly/-UGgZ
Telegram: t.me/traderpulseyt
Follow for latest updates and valuable financial content
✆ t.me/iVishalPal
Yt: t.ly/frb4G
LinkedIn: t.ly/g_SjB
WhatsApp: t.ly/_6T9j
TradingView: t.ly/-UGgZ
Telegram: t.me/traderpulseyt
Related publications
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.