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.
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, alım satım veya diğer türden tavsiye veya öneriler anlamına gelmez ve teşkil etmez. Kullanım Koşulları bölümünde daha fazlasını okuyun.
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, alım satım veya diğer türden tavsiye veya öneriler anlamına gelmez ve teşkil etmez. Kullanım Koşulları bölümünde daha fazlasını okuyun.