Tech Mahindra Ltd – Technical View

📊 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) ⚠️ Educational only