TECHM
- Last Traded Price @ 1611
- Support Range @ 1594 / 1588
- Resistance Range @ 1623 / 1630
Tech Mahindra shows a positive medium-term outlook driven by a strong deal pipeline, focus on margin improvement under Project Fortius, and gradual recovery in IT spending. Diversification beyond telecom and cost optimization efforts can support earnings revival. If execution remains strong, the stock has upside potential as sector sentiment improves.
BHARAT FORGE
- Last Traded Price @ 1448
- Support Range @ 1424 / 1417
- Resistance Range @ 1464 / 1470
Bharat Forge remains technically bullish with the price trading above 50-DMA and 200-DMA, indicating a strong uptrend. RSI in the positive zone supports momentum, while a breakout above recent resistance can trigger further upside. Trend stays positive as long as key supports hold.
JSW STEEL
- Last Traded Price @ 1092
- Support Range @ 1078 / 1070
- Resistance Range @ 1104 / 1120
JSW Steel is technically bullish, trading above 50-DMA and 200-DMA with a higher high–higher low structure. RSI remains positive, indicating strong momentum. The trend favors further upside as long as key support levels hold.
JINDAL STEEL
- Last Traded Price @ 991
- Support Range @ 978 / 970
- Resistance Range @ 1003 / 1012
Jindal Steel is technically bullish with the price above key moving averages and showing higher highs & higher lows. Momentum indicators (like RSI/MACD) support positive trend, and holding support levels could lead to further upside continuation.
SBI CARDS
- Last Traded Price @ 854
- Support Range @ 840 / 833
- Resistance Range @ 862 / 868
The stock is forming a base near key support as buying is seen on dips. The RSI is trending upwards, indicating corrective momentum. SBICARD is said to be forming a double bottom daily pattern – a classic reversal pattern – which shows buyers defending the ₹780 zone. The double-bottom and consolidation patterns could support an upward move. Volume and momentum indicators indicate potential accumulation.
Ravi Bhatt
SEBI Registered Research Analyst
SEBI Registration Number: – INH000012591
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