"TECHM: Digital Engineering Revival – Margin Expansion Fuels Multi-Year Re-rating!"

Detailed Technical Chart Analysis

TECHM formed strong base above 200-DMA ₹1,520 after 6-month consolidation, breaking out above 20-DMA ₹1,590 with rising volumes confirming institutional accumulation. Recent 8% rally from ₹1,480 lows shows higher highs-higher lows pattern intact. Key Technical Indicators (Dec 8 data): RSI(14): 57.23 (bullish territory, divergence forming) MACD: +2.84 (bullish crossover imminent from negative zone) Stochastic %K: 68.42 (buy signal) ADX: 28.15 (moderate trend strength building) Moving Averages: Price above 50-DMA ₹1,585 (bullish), testing 20-DMA ₹1,610 resistance Critical Levels: Immediate Support: ₹1,590-1,600 (20-DMA + pivot confluence) Major Support: ₹1,550-1,560 (50-DMA + volume profile) Resistance: ₹1,620 (near-term), ₹1,710-1,750 (medium-term targets) Volume Pattern: Delivery % rising to 65%+ on up days, FII/DII buying visible Technical Outlook: Breakout above ₹1,620 confirms 12-15% upside to ₹1,750 with next leg momentum. Dips to ₹1,590 offer best risk-reward entries. Upcoming Events & Catalysts Q3 FY26 Results (Jan 23-27, 2026): Margin trajectory + deal wins Investor Day (Dec 2025): AI roadmap, FY27 guidance Analyst Meets (Ongoing): TCV + vertical growth updates Dividend Policy (Post Q3): Shareholder returns clarity