This Support Bounce screener I made has picked TechMahindra after it gained 1.90 % today, ranking among the top Nifty 50 movers on renewed buying interest and positive sentiment. The stock has also bounced off its recent support zone at around ₹1,460, adding weight to the potential for a near-term rebound.
On the technical side, #TECHM ended at ₹1,509.30 with RSI edging towards the mid-zone, indicating early momentum build-up.
They also posted a 34% YoY rise in Q1 profit to ₹1,141 crore, and with this fundamental strength, price action now has room to approach the FVG (fair value gap) region near ₹1,535.
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Keeping an eye on TechM!!