Technical Analysis The chart of Tech Mahindra Ltd shows a strong bullish rally from the April 2025 lows ₹1,150 to recent highs near ₹1,750, supported by rising volume. This uptrend was clearly sustained by a steep ascending trendline, which the stock respected until early July. However, the stock has now broken below this trendline, indicating a potential end to the sharp bullish momentum. Currently, the price is hovering around ₹1,615, just below a key horizontal support zone ₹1,630, which also coincides with past consolidation levels seen in November–December 2024. The breakdown below this level with rising bearish candles suggests short-term weakness. If the stock fails to reclaim ₹1,630 quickly, it may retest lower supports around ₹1,550–₹1,500. On the upside, immediate resistance lies near ₹1,700. Caution is advised unless the price decisively moves back above the broken trendline.

#TechnicalViews

505 likes·64 comments