Stock Radar: Tata Consumer forms Cup & Handle pattern; time to buy before the breakout?

The FMCG stock initially surged to a new high but encountered resistance around 1250-1260, leading to a period of consolidation that formed a 'cup' pattern on the chart. Currently, the stock is showing signs of recovery, bouncing off its 40-day moving average. Technical analysts suggest that a decisive breakout above the 1,254-1,260 resistance zone could trigger a significant upward move, potentially pushing the stock towards the 1300 level in the coming months.