Techno Electric & Engineering – Technical & Fundamental View

Techno Electric & Engineering – Technical & Fundamental View (SEBI Reg. INH000019886 | Educational Purpose Only) 🔹 Technical View: The stock has been in a downtrend, trading below major moving averages. Recent candles show early reversal signs near the lower Bollinger band with improving volume. A close above the 20-EMA (~₹1,230) is the first sign of momentum shift. RSI is recovering from oversold, indicating a possible short-term bounce. Key Levels: 🔼 Upside: ₹1,230 → ₹1,280 → ₹1,330 🔽 Support: ₹1,150 / ₹1,120 Sustaining above ₹1,230 may open a move toward ₹1,280–₹1,330. 🔹 Fundamental Snapshot: Techno Electric is a strong EPC player in power infra with low debt, steady orders, and stable margins. Sector tailwinds in transmission and renewables remain supportive. 💡 Watch for a close above 20-EMA for reversal confirmation. ⚠️ Disclaimer: Educational purpose only. Not a buy/sell recommendation.