Technical Analysis Tech Mahindra

The stock

has experienced a rollercoaster trend over the last year. After hitting a high near ₹1800 in early 2026 it faced a steep sell-off dropping toward the ₹1300 level. Current momentum lately the stock has found a support around the ₹1300 - ₹1350 zone. From there it has started making higher highs and higher lows on the daily timeframe which is a classic early sign of a trend reversal from bearish to bullish. The price is currently trading around ₹1461. It is fighting to stay above previous minor resistance levels indicating that buyers are becoming more active. Immediate resistance the first major hurdle is at ₹1500 - ₹1550. A clean breakout above this level with strong volume could trigger a faster move toward ₹1650. Major support the area around ₹1300 is the line in the sand. As long as the stock stays above this the recovery thesis remains intact. Secondary support there is a minor support cushion at ₹1400. Bullish scenario if it breaks and sustains above ₹1500 it may target ₹1600+. Bearish scenario if it fails to hold the ₹1400 level it might retest the primary support at ₹1300. Technical analysis is based on historical patterns and does not guarantee future results. Always use a Stop-Loss to manage your risk.