Tech Mahindra is showing signs of recovery after finding strong support around the 1450 zone. The stock has witnessed renewed buying interest in recent sessions and is attempting to sustain above its short-term moving averages, indicating improving momentum. On the upside, the immediate hurdle is placed near 1505, which coincides with a key resistance area and the stock's average price zone. A decisive breakout and close above this level could trigger further upside towards 1545, followed by 1590. The recent formation of higher lows suggests that buyers are gradually regaining control. However, the stock still faces resistance from its medium- and long-term moving averages, making 1505-1545 a crucial zone to watch. Failure to cross this range may lead to some consolidation in the near term. On the downside, 1450 remains an important support level. Any breakdown below this level could invite fresh selling pressure and drag the stock towards 1405. Overall, the chart structure remains mildly bullish, with the bias turning stronger if the stock manages to sustain above 1505. Key Levels Support: 1450, 1405 Resistance: 1505, 1545, 1590 Technical View Bias: Positive A sustained move above 1505 could open the doors for a rally towards 1545-1590, while a break below 1450 may weaken the near-term outlook. $TECHM

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