TECH MAHINDRA LTD (NSE) BUY

 

TECH MAHINDRA LTD (NSE) – PRICE ~ ₹1,634

Below is a clear, fact-based technical + fundamental view with trend, target, stop-loss, and profit side (BUY/SELL) across timeframes.

📈 TREND ANALYSIS Primary trend: Recovery within a broader consolidation

Chart pattern: Descending broadening / rounding recovery from lower demand zone

Momentum: Improving (higher highs & higher lows from ₹1,400 zone)

Bias: BUY on dips / breakout continuation

➡️ Profit side: BUY side favored (not a sell at current structure)

🔑 KEY TECHNICAL LEVELS Support Zones Immediate support: ₹1,580 – ₹1,600

Major support: ₹1,520 – ₹1,540

Critical trend support: ₹1,480

Resistance Zones Immediate resistance: ₹1,650 – ₹1,670

Major resistance: ₹1,720 – ₹1,750

Breakout zone: ₹1,780+

🎯 TARGET & 🛑 STOP-LOSS (Actionable) SHORT TERM (1–15 Days) Trade: BUY on dips

Entry zone: ₹1,600 – ₹1,620

Target: ₹1,670 / ₹1,720

Stop-loss: ₹1,565

Risk-Reward: Favorable (~1:2)

MEDIUM TERM (1–3 Months) Trade: BUY / HOLD

Entry: Above ₹1,620 (closing basis)

Target: ₹1,780 – ₹1,850

Stop-loss: ₹1,520

View: Trend reversal confirmation if ₹1,700 sustains

LONG TERM (6–12 Months) Trend: Positive bias

Accumulation zone: ₹1,500 – ₹1,600

Target: ₹1,950 – ₹2,100

Stop-loss: ₹1,420 (weekly close basis)

View: Structural recovery intact unless ₹1,420 breaks

📊 TECHNICAL INDICATORS (FACT VIEW) 20 & 50 EMA: Price sustaining above → bullish sign

RSI: Near 55–60 → strength without overbought

Volume: Expansion on up-moves → accumulation

Market structure: Higher low formation confirmed

🧾 FUNDAMENTAL VIEW (SUMMARY) Strong presence in IT services, digital, cloud & telecom

Beneficiary of IT spending recovery + margin stabilization

Valuation reasonable vs long-term growth visibility

Fundamentally stable, not speculative

➡️ Fundamental bias: Positive for medium to long term

✅ FINAL VERDICT Best side to make profit: BUY

Sell only if: ₹1,520 breaks decisively

Current zone: Not a sell area, buy-on-dips / breakout play