Techno Electric & Engineering Co. – Technical View
Timeframe: Daily
The stock remains in a broader downtrend, trading below the 20-DMA and inside the lower Bollinger Band. Recent bounce looks technical in nature, indicating short-term relief after oversold conditions.
🔑 Key Levels
Immediate Resistance: ₹1,150 – ₹1,180
Major Resistance: ₹1,210
Support Zone: ₹1,080 – ₹1,050
📉 Outlook
As long as price stays below ₹1,180, upside is likely to be limited.
Failure to hold ₹1,080 may lead to further downside towards ₹1,050 / ₹1,030.
Trend reversal only on sustained close above ₹1,210 with volume.
⚠️ Educational view only. Not a buy/sell recommendation.
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