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(TECHM) Tech Mahindra complete technical analysis [charts+indicators] | Buy/Sell Tech Mahindra | (TECHM) share price targets

Complete technical analysis of Tech Mahindra (TECHM) by charts plus indicators, forecast predictions and share price targets for Tech Mahindra (TECHM)

Tech Mahindra trades in NSE in IT Consulting & Software sector.

10 day averaged volume of Tech Mahindra is 4093039

Date	Daily Closing Price	Open	High	Low	Volume
29 Mon Apr 2024	1288.30	1290.00	1311.00	1285.00	1.007 times
26 Fri Apr 2024	1278.75	1250.00	1347.00	1241.00	4.992 times
25 Thu Apr 2024	1190.30	1185.00	1193.55	1172.80	0.82 times
24 Wed Apr 2024	1185.70	1207.95	1207.95	1181.50	0.336 times
23 Tue Apr 2024	1200.25	1218.00	1218.00	1198.80	0.357 times
22 Mon Apr 2024	1208.05	1196.10	1216.70	1195.10	0.333 times
19 Fri Apr 2024	1193.65	1163.05	1204.85	1162.95	0.628 times
18 Thu Apr 2024	1179.65	1199.55	1207.85	1176.05	0.792 times
16 Tue Apr 2024	1195.80	1205.00	1213.15	1191.00	0.51 times
15 Mon Apr 2024	1218.75	1235.00	1240.65	1211.00	0.526 times

My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 1268.7, but if it comes below 1268.7, then a intra day sell could be more profitable.
If you take a sell trade below 1268.7, then use 1268.7 as stoploss and 1234.57 as target. However if you take a buy trade in stock , then use 1268.7 as stoploss and 1309.7 as target.

Share price targets for Tech Mahindra (TECHM)

Target Type	Value
Downside Target	1162.95
Downside Target	1197.05
Downside Target	1221.40
Upside Target	1289.00
Upside Target	1307.65
Upside Target	1311.00
Upside Target	1333.05
Upside Target	1347.00
Upside Target	1362.40
Upside Target	1416.30

Intraday share price targets for Tech Mahindra (TECHM)

Target Type	Value
Downside Intraday Target	1278.53
Downside Intraday Target	1268.77
Upside Intraday Target	1304.53
Upside Intraday Target	1320.77
Upside Intraday Target	1294.77

Weekly technical analysis of Tech Mahindra (TECHM)

Date	Weekly Closing Price	Open	High	Low	Volume
29 Mon Apr 2024	1288.30	1290.00	1311.00	1285.00	0.147 times
26 Fri Apr 2024	1278.75	1196.10	1347.00	1172.80	2.784 times
19 Fri Apr 2024	1193.65	1235.00	1240.65	1162.95	1.486 times
12 Fri Apr 2024	1242.10	1270.00	1281.00	1238.00	0.827 times
05 Fri Apr 2024	1263.40	1252.10	1289.00	1235.10	1.219 times

Price has moved up this week, but volume has not increased substantially. This means that the move can be temporary and might not continue in coming weeks.

Monthly technical analysis of Tech Mahindra (TECHM)

Date	Monthly Closing Price	Open	High	Low	Volume
29 Mon Apr 2024	1288.30	1252.10	1347.00	1162.95	1.706 times
28 Thu Mar 2024	1248.10	1287.00	1307.65	1236.10	0.88 times
29 Thu Feb 2024	1273.85	1330.00	1362.40	1264.25	0.637 times
31 Wed Jan 2024	1333.65	1273.00	1416.30	1221.40	1.271 times

Scroll below to view daily charts

Price has moved up this month, and volume has increased substantially. This means that the move can continue in coming months.

Indicators analysis of Tech Mahindra (TECHM)

Price action analysis of Tech Mahindra ( (TECHM) ) based on a short term time period is positive, but buyers have become active on the stock recently. This cannot be a definite uptrend, specially if selected time duration is small.

Price action analysis of Tech Mahindra ( (TECHM) ) based on a short to mid term time period is definitely negative. This means that there is a strong downtrend in the stock for given time period. Sellers are extremely active on this stock.

Price action analysis of Tech Mahindra ( (TECHM) ) based on a mid to longer term time period is definitely negative. This means that there is a strong downtrend in the stock for given time period. Sellers are extremely active on this stock.

ADX buy sell signal for Tech Mahindra stock for short term is BUY. Signal strength is Strong and stock is gaining momentum.

MACD generated a BUY signal for Tech Mahindra in short term but the buy signal is initial and weak.

MACD line is moving upwards which means that SELL signal is weakening, and buying is picking up momentum.

Tech Mahindra Stock in short term is moving inside a range for now. Please check in a day or two to for a better buy sell signal. Bulls are getting stronger in this stock.

Ichimoku cloud is of green color and prices are above the green cloud Prices appear to be moving up

CCI has generated a buy signal for Tech Mahindra in short term and BUY signal is strong.

RSI is generating a BUY signal in short term but buying is losing momentum.

MRSI is in negative zone. This is the SELL zone

Although the stock is in the SELL zone, but selling might be slowing down

Stock of Tech Mahindra is picking up selling momentum according to indicator.

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 1244.62 and Tech Mahindra (TECHM) stock is trading above this level. This is a good sign for the stock and it could move higher. VWAP is rising upwards.

People seem to be coming out and selling the Tech Mahindra (TECHM) stock. Volume based technical analysis of Tech Mahindra (TECHM) stock is negative.

Tech Mahindra Stock is giving positive returns over a short term period. Returns for a longer term period have been negative.

Force Index is moving in a negative zone, which indicates selling momentum for short term... Selling momentum is getting weaker.