Tech Mahindra – Swing

Important Levels: Support: 1,420 – 1,380 Resistance: 1,520 – 1,580 Structure: Early reversal attempt Business: Strong in telecom IT + enterprise services Beneficiary of 5G + digital transformation Turnaround story under execution Earnings: Weak past performance → now stabilizing Margin recovery expected Management focusing on cost + deal wins Verdict: 👉 Turnaround play 👉 Risky but high reward if momentum sustains