Tata Communications: Eyeing a Breakout Beyond 1818

After completing a higher-degree Wave 2/B correction that ended with an ending diagonal near 1520, Tata Communications has turned up sharply. Price is now trading above the 200-day SMA (1638) and is heading into a critical resistance cluster.

The structure from 1291 to 1818 earlier unfolded as a Leading Diagonal (Wave 1/A), followed by a complex decline into Wave 2/B. The present advance is unfolding with a 1–2, 1–2 setup, typical of a powerful 3rd wave, but it could equally be counted as a Wave C of an A–B–C correction.

Key Technicals:

• RSI is rising with room to stretch into the 70+ zone — confirmation of Wave 3 strength if it sustains.
  
• SMA200 has been reclaimed, tilting momentum in favor of bulls.
  
• Invalidation sits at 1624 — below this, the bullish setup fails.
  
• Target: In either case, the rally should extend above Wave 1/A peak at 1818.70.
  

Disclaimer: This analysis is for educational purposes only and does not constitute investment advice. Please do your own research (DYOR) before making any trading decisions.