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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 2024-05-07 View latest technical analysis

10 day averaged volume of Tech Mahindra is 4053405

Date	Daily Closing Price	Open	High	Low	Volume
07 Tue May 2024	1292.45	1268.00	1294.80	1256.90	0.58 times
06 Mon May 2024	1262.25	1258.00	1265.70	1245.10	0.336 times
03 Fri May 2024	1250.45	1270.00	1272.00	1243.05	0.573 times
02 Thu May 2024	1266.90	1263.20	1274.35	1253.50	0.524 times
30 Tue Apr 2024	1263.50	1288.30	1291.10	1260.05	0.645 times
29 Mon Apr 2024	1288.30	1290.00	1311.00	1285.00	1.017 times
26 Fri Apr 2024	1278.75	1250.00	1347.00	1241.00	5.041 times
25 Thu Apr 2024	1190.30	1185.00	1193.55	1172.80	0.828 times
24 Wed Apr 2024	1185.70	1207.95	1207.95	1181.50	0.339 times
23 Tue Apr 2024	1200.25	1218.00	1218.00	1198.80	0.36 times

My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 1274.6, but if it comes below 1274.6, then a intra day sell could be more profitable.
If you take a sell trade below 1274.6, then use 1274.6 as stoploss and 1238.16 as target. However if you take a buy trade in stock , then use 1274.6 as stoploss and 1318.4 as target.

Share price targets for Tech Mahindra (TECHM)

Target Type	Value
Downside Target	1162.95
Downside Target	1221.40
Downside Target	1281.00
Upside Target	1294.80
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	1260.1
Downside Intraday Target	1227.75
Upside Intraday Target	1309.8
Upside Intraday Target	1327.15
Downside Intraday Target	1277.45

Weekly technical analysis of Tech Mahindra (TECHM)

Date	Weekly Closing Price	Open	High	Low	Volume
07 Tue May 2024	1292.45	1258.00	1294.80	1245.10	0.332 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
07 Tue May 2024	1292.45	1263.20	1294.80	1243.05	0.137 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 up 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 positive, but trend is highly volatile. A longer time period analysis might give a better idea of the trend.

Price action analysis of Tech Mahindra ( (TECHM) ) based on a short term time period is negative, but sellers have recently become active on the stock. This cannot be called a strong downtrend, specially if selected time duration is small

Price action analysis of Tech Mahindra ( (TECHM) ) based on a short to mid term time period is positive, but trend is highly volatile. A longer time period analysis might give a better idea of the trend.

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 and the buy signal is strong.

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 and the buying is gaining 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 1263.79 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 positive

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