Tech Mahindra is showing signs of a potential trend reversal on the weekly chart, with price forming a rounded cup-like structure after successfully defending the ₹1,360–1,380 support zone. The recovery from this base reflects improving buying interest and a gradual shift in momentum.
The stock is now approaching the key ₹1,510–1,515 resistance zone. A decisive weekly close above this level could complete the bullish setup and pave the way for a move towards the ₹1,620–1,660 resistance band.
Adding to the positive outlook, RSI has crossed above 50, indicating strengthening momentum, while the higher lows formed during the consolidation suggest sustained accumulation. Tech Mahindra remains a strong watchlist candidate, with a breakout above ₹1,515 likely to confirm the next leg of the medium-term uptrend.
The stock is now approaching the key ₹1,510–1,515 resistance zone. A decisive weekly close above this level could complete the bullish setup and pave the way for a move towards the ₹1,620–1,660 resistance band.
Adding to the positive outlook, RSI has crossed above 50, indicating strengthening momentum, while the higher lows formed during the consolidation suggest sustained accumulation. Tech Mahindra remains a strong watchlist candidate, with a breakout above ₹1,515 likely to confirm the next leg of the medium-term uptrend.
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As informações e publicações não se destinam a ser, e não constituem, conselhos ou recomendações financeiras, de investimento, comerciais ou de outro tipo fornecidos ou endossados pela TradingView. Leia mais nos Termos de Uso.