$TECHM

$TECHM Tech Mahindra continues to maintain a positive long-term structure with a series of higher highs and higher lows. The stock has recently shown renewed buying interest after a healthy consolidation, indicating that buyers remain in control. Technical Observations The stock is trading above its key moving averages, supporting the prevailing uptrend. Momentum indicators remain positive, suggesting that bullish sentiment is intact. The recent consolidation appears constructive rather than distributive, which is generally considered healthy within an uptrend. Volume expansion on up days would further strengthen the bullish case. Key Levels to Watch Immediate Support: Recent swing low/consolidation zone. Major Support: The previous breakout level, provided it continues to hold. Immediate Resistance: Recent swing high. A sustained close above the recent swing high with strong volume could indicate continuation of the current uptrend. Trading Perspective Existing positional traders may consider holding as long as the stock maintains its higher high–higher low structure. Fresh entries are generally more favorable after a confirmed breakout or on a healthy pullback towards support, rather than chasing extended moves. Risk management should remain the primary focus, especially after sharp rallies. Overall View The technical structure remains constructive and bullish. While the primary trend favors buyers, confirmation above the recent swing high would improve the probability of further upside. Until then, monitoring price action and volume near resistance is important.