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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 2024-05-29 View latest technical analysis

10 day averaged volume of Tech Mahindra is 1606862

Date	Daily Closing Price	Open	High	Low	Volume
29 Wed May 2024	1286.45	1314.00	1314.00	1284.10	0.875 times
28 Tue May 2024	1315.10	1329.00	1330.35	1311.30	1.001 times
27 Mon May 2024	1329.70	1323.00	1342.80	1318.25	0.61 times
24 Fri May 2024	1321.75	1337.50	1345.00	1318.00	0.802 times
23 Thu May 2024	1337.50	1336.00	1343.95	1325.10	0.897 times
22 Wed May 2024	1330.40	1330.00	1335.40	1311.05	0.878 times
21 Tue May 2024	1323.90	1307.00	1327.00	1304.10	0.905 times
18 Sat May 2024	1305.65	1305.40	1312.05	1298.60	0.052 times
17 Fri May 2024	1305.40	1309.10	1320.00	1297.80	1.198 times
16 Thu May 2024	1307.95	1287.00	1312.60	1281.30	3.03 times

My analysis of stock is bearish for shortterm, and stock might move down till 1266.9 or till 1235.1. Use a stoploss of 1293.42 and if the stock hits stoploss, then it can shoot up till 1319.92

Share price targets for Tech Mahindra (TECHM)

Target Type	Value
Downside Target	1162.95
Downside Target	1221.40
Upside Target	1307.65
Upside Target	1311.00
Upside Target	1320.00
Upside Target	1342.80
Upside Target	1345.00
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	1266.1
Downside Intraday Target	1245.75
Upside Intraday Target	1324.8
Upside Intraday Target	1363.15
Upside Intraday Target	1304.45

Weekly technical analysis of Tech Mahindra (TECHM)

Date	Weekly Closing Price	Open	High	Low	Volume
29 Wed May 2024	1286.45	1323.00	1342.80	1284.10	0.714 times
24 Fri May 2024	1321.75	1307.00	1345.00	1304.10	0.567 times
18 Sat May 2024	1305.65	1264.40	1320.00	1250.05	1.122 times
10 Fri May 2024	1264.40	1258.00	1300.00	1245.10	0.786 times
03 Fri May 2024	1250.45	1290.00	1311.00	1243.05	0.399 times

Price has moved down 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 Wed May 2024	1286.45	1263.20	1345.00	1243.05	0.547 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 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 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 positive! This means that there is a strong uptrend in the stock for the given time period. Buyers are extremely bullish on the stock.

Price action analysis of Tech Mahindra ( (TECHM) ) based on a mid to longer term time period is neutral. A longer time frame might give a better analysis.

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

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

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 coming down

CCI has generated a SELL signal for Tech Mahindra in short term and SELL signal is strong!

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

MRSI is in positive zone. This is a BUY zone

Although the stock is in the BUY zone, but buying 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 1314.8 and Tech Mahindra (TECHM) stock is trading below this level. This means that stock is falling with high volumes. 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.