TI Ready for Breakout

📊 Step 1: Price Action Analysis
Stock Summary:

Price surged from around ₹270 in April 2025 to a high of ₹380 in May 2025.

After consolidation and a pullback, it tested the ₹340–345 zone and showed a strong bounce on June 12th.

The chart now shows a breakout candle with strong volume, closing at ₹365.10.

Support Zones:

Primary support: ₹340–345 (recent retest area)

Major demand zone: ₹310–325 (highlighted in green)

Resistance:

Immediate: ₹380 (previous swing high)

🔍 Step 2: Volume & Strength
Volume Spike: The breakout candle has one of the highest volumes in recent weeks — a very bullish confirmation.

Structure: Price formed a base just above support and broke out after testing it multiple times — indicating smart money accumulation.

📈 Stage Identification
✅ Current Stage: Stage 2 – Markup Phase (Early to Mid)

Evidence:

Clear higher low formation at ₹340 zone

Volume-led breakout from consolidation = Stage 2 continuation

No signs of distribution or topping; momentum resuming after correction

🎯 Trade Setup Insights
Metric Value
✅ Entry Area ₹355–365 (ongoing breakout)
📉 Stop-loss Below ₹340 (last swing low)
🎯 Short-Term Target ₹380–390
🧭 Medium-Term Target ₹410–430 if ₹380 breaks out
📊 Volume Support Yes – Breakout on high volume

📌 Conclusion:
This is a very bullish setup.

Current breakout suggests strong continuation in Stage 2.

Safe to enter or add on retracement toward ₹355–360 if missed the breakout.

Ideal for swing or positional trades.