#MEHT — Oversold Bounce on Watch?

CMP: 150.10

MEHT remains in a deeply oversold zone, while today's footprint continues to show strong positive delta and aggressive buyer absorption, indicating demand is returning after heavy liquidation.

A short-term technical swing cannot be ruled out. Confirmation is required above 153–155, while a decisive breakout above 160–162 with strong volumes would strengthen the bullish case.

Downside Risk: Immediate support lies near 145, with 139.25 remaining the key invalidation level. A sustained break below 139.25 would negate the near-term recovery setup.

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