Tech Mahindra Ltd: Strong Fundamentals and Bullish Breakout

Fundamental View:
➡️ PE Ratio: 61 | ROCE: 12% | ROE: 8.63% | Market Cap: ₹1,55,031 Cr
➡️ Strong long-term financials with a 96% dividend payout
➡️ Ranked 5th out of 147 in IT Software
➡️ Global presence with diverse services across 90+ countries

Technical View:
➡️ Bullish breakout observed
➡️ Next resistance from Dec 2021 at 1,660
➡️ Ascending trend line providing strong support
➡️ RSI at 67, indicating strong momentum
➡️ Price above key moving averages (50, 100, 200-day)