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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 2024-06-03 View latest technical analysis

10 day averaged volume of Tech Mahindra is 1693240

Date	Daily Closing Price	Open	High	Low	Volume
03 Mon Jun 2024	1245.35	1255.00	1261.80	1236.55	0.644 times
31 Fri May 2024	1228.45	1245.95	1255.25	1224.05	2.746 times
30 Thu May 2024	1240.85	1280.05	1287.75	1235.35	1.542 times
29 Wed May 2024	1286.45	1314.00	1314.00	1284.10	0.83 times
28 Tue May 2024	1315.10	1329.00	1330.35	1311.30	0.95 times
27 Mon May 2024	1329.70	1323.00	1342.80	1318.25	0.579 times
24 Fri May 2024	1321.75	1337.50	1345.00	1318.00	0.761 times
23 Thu May 2024	1337.50	1336.00	1343.95	1325.10	0.851 times
22 Wed May 2024	1330.40	1330.00	1335.40	1311.05	0.834 times
21 Tue May 2024	1323.90	1307.00	1327.00	1304.10	0.859 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 1258.9, but if it comes above 1258.9, then a intra day buy could be more profitable.
If you take a sell trade below 1258.9, then use 1258.9 as stoploss and 1221.3 as target. However if you take a buy trade in stock , then use 1258.9 as stoploss and 1290.17 as target.

Share price targets for Tech Mahindra (TECHM)

Target Type	Value
Downside Target	1162.95
Downside Target	1224.05
Upside Target	1300.00
Upside Target	1304.10
Upside Target	1307.65
Upside Target	1320.00
Upside Target	1342.80
Upside Target	1345.00
Upside Target	1347.00
Upside Target	1362.40

Intraday share price targets for Tech Mahindra (TECHM)

Target Type	Value
Downside Intraday Target	1234
Downside Intraday Target	1222.65
Upside Intraday Target	1259.25
Upside Intraday Target	1273.15
Upside Intraday Target	1247.9

Weekly technical analysis of Tech Mahindra (TECHM)

Date	Weekly Closing Price	Open	High	Low	Volume
03 Mon Jun 2024	1245.35	1255.00	1261.80	1236.55	0.097 times
31 Fri May 2024	1228.45	1323.00	1342.80	1224.05	2.012 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

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
03 Mon Jun 2024	1245.35	1255.00	1261.80	1236.55	0.027 times
31 Fri May 2024	1228.45	1263.20	1345.00	1224.05	0.669 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

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 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 to mid 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 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 losing 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 weakening, and bulls 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 but BUY signal is weak.

RSI is generating a SELL signal in short term but selling is losing 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 1280.34 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.