Techno Electric & Engineering (TECHNOE) Weekly Update
This week, Techno Electric & Engineering Company Ltd. (TECHNOE ) stock price closed positive at ₹1493.9 (+8.25%), breaking its 4-week losing streak. Prices bounced strongly from the support near ₹1375, indicating buyers’ interest at lower levels.
The short-term technical picture suggests ₹1655 may act as key resistance, while ₹1350 remains a crucial support zone. A breakout above resistance could open room for further upside, while sustained weakness below support may trigger downside pressure.
52W Range: ₹785 – ₹1822 | Market Cap: ₹17,376 Cr | P/E: 37.7 | ROE: 12.41%
After four consecutive negative closes, this week’s rebound brings relief to investors. Watching how prices behave near ₹1655 resistance will be key.
#Post-ClosingCommentary#MacroViews#WatchOutFor
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