There is clear distribution seen in Tech Mahindra daily charts with clean divergence on RSI,
As we can see on chart there is very good support around 720 levels which was earlier a strong resistance, also volume has spiked up recently during last couple of down days.
TechM has been very resilient recently and despite the steep fall in Nifty we haven't seen much ...
Stock is closely following the trend line and up move seems to stall at 780.
A break above 780 with volumes is a good buying opportunity with Target of 803 and a breakdown below the trend line which comes around 758 levels may see selling pressure till 745