Tech Mahindra Ltd – Technical View

📊 Tech Mahindra Ltd – Technical View Timeframe: Daily After a strong upside move, the stock is showing double-top formation (Top 1 & Top 2) near the upper Bollinger Band. Momentum is slowing, indicating short-term profit booking. Price is still above the 20-EMA, so overall trend remains positive, but near-term caution is advised. 🔑 Key Levels Immediate Resistance: ₹1,600 – ₹1,615 Support Zone: ₹1,545 – ₹1,550 (20-EMA area) Major Support: ₹1,480 – ₹1,470 📈 Outlook As long as price holds above ₹1,545, pullbacks can be healthy. A decisive breakdown below ₹1,540 may lead to deeper correction towards ₹1,480. Fresh upside only if ₹1,615 breaks with volume. ⚠️ For educational purposes only. Not a buy/sell recommendation. — AALGO BREATHS