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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 2024-05-30 View latest technical analysis

10 day averaged volume of Tech Mahindra is 1646608

Date	Daily Closing Price	Open	High	Low	Volume
30 Thu May 2024	1240.85	1280.05	1287.75	1235.35	1.585 times
29 Wed May 2024	1286.45	1314.00	1314.00	1284.10	0.854 times
28 Tue May 2024	1315.10	1329.00	1330.35	1311.30	0.977 times
27 Mon May 2024	1329.70	1323.00	1342.80	1318.25	0.595 times
24 Fri May 2024	1321.75	1337.50	1345.00	1318.00	0.782 times
23 Thu May 2024	1337.50	1336.00	1343.95	1325.10	0.875 times
22 Wed May 2024	1330.40	1330.00	1335.40	1311.05	0.857 times
21 Tue May 2024	1323.90	1307.00	1327.00	1304.10	0.883 times
18 Sat May 2024	1305.65	1305.40	1312.05	1298.60	0.05 times
17 Fri May 2024	1305.40	1309.10	1320.00	1297.80	1.169 times

Although my analysis for stock is bearish for shortterm, but stock is in heavy over sold zones and there are high chances of some recovery tomorrow. You might want to buy the stock tomorrow in intra day with a stoploss of 1229.8, for a target of 1263.8 or 1292.12

Share price targets for Tech Mahindra (TECHM)

Target Type	Value
Downside Target	1162.95
Downside Target	1221.40
Upside Target	1300.00
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	1203.2
Downside Intraday Target	1165.55
Upside Intraday Target	1310.65
Upside Intraday Target	1380.45
Upside Intraday Target	1273

Weekly technical analysis of Tech Mahindra (TECHM)

Date	Weekly Closing Price	Open	High	Low	Volume
30 Thu May 2024	1240.85	1323.00	1342.80	1235.35	1.181 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
30 Thu May 2024	1240.85	1263.20	1345.00	1235.35	0.591 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 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 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 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 SELL. Signal strength is Strong and stock is gaining momentum.

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

Tech Mahindra Stock is trading near its recent LOWS in short term which reflects strong selling momentum. Bears are getting stronger in this stock.

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 SELL signal in short term and selling is picking up momentum.

MRSI is in positive zone. This is a BUY zone

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

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 1303.56 and Tech Mahindra (TECHM) stock is trading below this level. This means that stock is falling with high volumes. VWAP is falling down

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 has given negative 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.