Tech Mahindra – Rebound

Important Levels: Support: 1,420 – 1,380 Resistance: 1,560 – 1,620 Structure: Oversold rebound setup Business: Telecom, enterprise, and digital transformation services Strong exposure to 5G + enterprise modernization Turnaround execution underway Earnings: Margins stabilizing gradually Benefiting from IT rebound attempts AI concerns still impacting sentiment sector-wide Verdict: 👉 Recovery trade in weak IT sector 👉 Good only if momentum sustains