Tech Mahindra Ltd – Technical View
The stock has delivered a strong upside breakout from a prolonged consolidation phase, supported by high volume expansion. Price is firmly trading above the 20 & 50 DMA, and the Bollinger Bands are expanding, indicating trend acceleration. The structure remains bullish with higher-high and higher-low formation intact.
🔹 Resistance: ₹1725–1760
🔹 Support: ₹1610 | Major: ₹1550
🔹 RSI: ~63–70, strong momentum but nearing overbought zone
🔹 Volume: Breakout volume confirms strength
📈 Bias: Buy on dips while above ₹1610.
📉 Below ₹1550, bullish structure may weaken.
📜 SEBI Regd RA | AALGO BREATHS (INH000019886)
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