IGI Logo

Tech Mahindra Ltd

VALENTINE DAY PICK* :- *Buy TECHM in Cash @ 1640 Add Upto 1610 TGT 1810/1890

TECHM is currently trading around Rs1640 and continues to display strength within a well-defined long-term uptrend. On the weekly chart, the stock is forming a consistent higher high and higher low structure, reflecting sustained buying interest and positive trend alignment. It is trading comfortably above its key 20, 50, 100, and 200-week EMAs, highlighting strong underlying momentum and confirming the broader bullish setup. After witnessing a sharp upside rally in recent weeks, the stock is now undergoing a healthy retracement, which appears constructive rather than reversal-driven. Such pullbacks within an established uptrend often provide fresh entry opportunities. On the downside, immediate support is placed near Rs 1610, where accumulation interest has been visible. Momentum indicators remain supportive, with the weekly RSI at 56.45, sustaining above mid-levels and indicating continued strength Based on the technical structure, a buy strategy can be considered at Rs 1640, with additions on dips towards Rs 1610. A breach below Rs 1525 would act as a key warning level temporarily challenging the positive setup and warranting a cautious approach

For Detailed Report With Disclaimer Visit. https://choicebroking.in/disclaimer
SEBI Registration no.: INZ 000160131