🕗Updated at 6:00 AM IST 24 April 2026
At Chanakya Ni Pothi, India’s oldest investment & IPO research weekly with a legacy of 33+ years, we bring you fresh “Breakout Stock Today” from Paresh Gordhandas — actionable Intraday stock recommendations for today, before market opening.
Tata Communications Breakout Stock Today
Trade Table
| Instrument | Trade | Buy Zone | Target | Stop Loss |
|---|---|---|---|---|
| Tata Communications | Buy on Dips / Breakout Buy | Rs. 1565 – 1578 | Rs. 1608 / 1635 | Rs. 1538 |
Why This Trade
Tata Communications closed at Rs. 1580.70 with a sharp 3.65% gain, showing renewed buying interest after recent correction.
The stock has delivered improving momentum:
- 1 Week: +1.24%
- 1 Month: +9.70%
- 3 Months: -9.86%
- 1 Year: +1.00%
Short-term trend is bullish, while medium-term and long-term trends remain bearish. This suggests a recovery rally inside a broader consolidation phase
Technically
| Indicator | Observation |
|---|---|
| Moving Averages | Price above 20DMA, 34DMA, 50DMA and above 89EMA – bullish recovery structure |
| MACD | Strong positive crossover with rising histogram – momentum improving |
| DMI / ADX | DMI+ above DMI-, buyers in control |
| Bollinger Band | Price near upper band Rs. 1603.99 – breakout zone active |
| Parabolic SAR | SAR at Rs. 1480 – trend support remains positive |
However
| Indicator | Signal |
|---|---|
| RSI (62.01) | Bullish, but nearing resistance zone |
| Williams %R (-10.81) | Near overbought zone |
| CCI (103.90) | Strong momentum, slightly extended |
| Stoch RSI (100) | Sharp rally may invite profit booking |
👉 Conclusion: Trend has turned positive for short-term traders. Best strategy is buy on dips near support or fresh breakout above Rs. 1605.
Key Levels
Resistance
| Level Type | Price Range |
|---|---|
| Immediate Resistance | Rs. 1604 – 1608 |
| Breakout Zone | Rs. 1625 – 1635 |
| Momentum Zone | Rs. 1668+ |
Support
| Level Type | Price Range |
|---|---|
| Immediate Support | Rs. 1568 – 1555 |
| Strong Support | Rs. 1529 – 1524 |
| Deep Support | Rs. 1498 – 1468 |
Breakout Call
| Instrument | Trade | Entry | Target | Stop Loss |
|---|---|---|---|---|
| Tata Communications | Breakout Buy | Above Rs. 1605 | Rs. 1635 / 1668 | Rs. 1572 |
Breakout Logic
If Tata Communications sustains above Rs. 1605 (upper Bollinger band + resistance cluster), it may trigger fresh upside toward Rs. 1635 and Rs. 1668.
⚠️ Since Stoch RSI is overheated, avoid chasing gap-up opening spikes. Better entries are dips near Rs. 1568–1575 or confirmed breakout above Rs. 1605 with strong volume support
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Intraday Recommendations for 12 March 2026 |
| 1] Canara Bank: Sell at Rs.147, Target Rs 142 Stop Loss Rs. 150; |
| 2] HAL: Buy at Rs.3960, Target Rs.4200, Stop Loss Rs.3900; and |
| 3] Castrol India: Buy at Rs.185, Target Rs.190, Stop loss Rs.182. |
Also Read
Market Analysis by Nagaraj Shetti
Stock Market today by Vaishali Parekh
Sumeet Bagadia’s Breakout Calls
Market Analysis by HDFC Securities
Quicklinks
*RA No. INH00000750
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Paresh Gordhandas is a distinguished Chartered Accountant and one of India’s most respected Research Analysts, with an illustrious career spanning over 35 years in equity and mutual fund research. Recognized as a pioneer in the field of investment analysis, he has guided generations of investors with his sharp insights and unbiased evaluations of the Indian capital markets.
He is a regular face on leading business news channels such as GS TV and others, where his expert opinions on stocks, IPOs, and mutual funds are highly valued. His analytical articles frequently feature in prominent investment publications and financial portals, reflecting his deep understanding of market dynamics.
Beyond research, Mr. Gordhandas is also a successful entrepreneur. He is the driving force behind several innovative ventures, including BigGaddi.com, India’s leading used commercial vehicle platform, and StaffAvailable.com, a reputed overseas recruitment portal. As a domain expert in mutual fund analysis, his views and recommendations are exclusively featured on Sahifund.com, one of India’s growing mutual fund research platforms.