The stock $TECHM is showing a short-term bullish trend after recovering strongly from its recent lows. The stock has started making higher highs and higher lows indicating improving momentum. However it is now approaching a key resistance zone where profit booking may emerge. The recent rally has been supported by strong buying interest and the stock is trading above its recent swing levels. The latest pullback appears healthy suggesting buyers are still active. Immediate support is placed around ₹1500–₹1520 followed by a stronger support near ₹1430–₹1450. On the upside immediate resistance is at ₹1600–₹1620 while the major resistance zone lies around ₹1720–₹1780. A breakout above ₹1620 with strong volume could trigger the next leg of the rally. The short-term outlook remains bullish with caution. Existing investors can continue to hold with a stop-loss below ₹1500. Fresh buying is better considered on a breakout above ₹1620 with strong volume or on dips near the support zone. Volume Analysis: The recent up move appears to be supported by improving participation. A breakout with above-average volume would confirm strong institutional buying while weak volume near resistance may lead to short-term consolidation.

#TechnicalViews#WatchOutFor#EquityResearch#TimeToExit

1,038 likes·57 comments