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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.

Showing technical analysis as on 2024-05-06 View latest technical analysis

10 day averaged volume of Tech Mahindra is 4174252

Date	Daily Closing Price	Open	High	Low	Volume
06 Mon May 2024	1262.25	1258.00	1265.70	1245.10	0.327 times
03 Fri May 2024	1250.45	1270.00	1272.00	1243.05	0.556 times
02 Thu May 2024	1266.90	1263.20	1274.35	1253.50	0.509 times
30 Tue Apr 2024	1263.50	1288.30	1291.10	1260.05	0.626 times
29 Mon Apr 2024	1288.30	1290.00	1311.00	1285.00	0.987 times
26 Fri Apr 2024	1278.75	1250.00	1347.00	1241.00	4.895 times
25 Thu Apr 2024	1190.30	1185.00	1193.55	1172.80	0.804 times
24 Wed Apr 2024	1185.70	1207.95	1207.95	1181.50	0.33 times
23 Tue Apr 2024	1200.25	1218.00	1218.00	1198.80	0.35 times
22 Mon Apr 2024	1208.05	1196.10	1216.70	1195.10	0.327 times

My analysis of stock is bullish for shortterm, but stock is in semi over bought zones and there are some chances of seeing a fall tomorrow. Use 1273.1 as stoploss in an intra day sell trade for a target of 1237.5. However, stock will show a bullish move above 1273.1.

Share price targets for Tech Mahindra (TECHM)

Target Type	Value
Downside Target	1162.95
Downside Target	1221.40
Upside Target	1265.70
Upside Target	1274.35
Upside Target	1281.00
Upside Target	1307.65
Upside Target	1311.00
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	1249.67
Downside Intraday Target	1237.08
Upside Intraday Target	1270.27
Upside Intraday Target	1278.28
Downside Intraday Target	1257.68

Weekly technical analysis of Tech Mahindra (TECHM)

Date	Weekly Closing Price	Open	High	Low	Volume
06 Mon May 2024	1262.25	1258.00	1265.70	1245.10	0.122 times
03 Fri May 2024	1250.45	1290.00	1311.00	1243.05	0.399 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

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
06 Mon May 2024	1262.25	1263.20	1274.35	1243.05	0.097 times
30 Tue Apr 2024	1263.50	1252.10	1347.00	1162.95	1.784 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

Scroll below to view daily charts

Price has moved down this month, but volume has not increased substantially. This means that the move can be temporary and might not 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 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 short term time period is negative, but trend is highly volatile. A longer duration price action analysis might give a better picture of the trend in this stock.

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 Weak 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 tired and bears are picking up momentum.

Ichimoku cloud is of green color and prices are in or below 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 1260.25 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.