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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 2024-06-04 View latest technical analysis

10 day averaged volume of Tech Mahindra is 1794053

Date	Daily Closing Price	Open	High	Low	Volume
04 Tue Jun 2024	1239.30	1245.35	1253.70	1193.65	1.378 times
03 Mon Jun 2024	1245.35	1255.00	1261.80	1236.55	0.608 times
31 Fri May 2024	1228.45	1245.95	1255.25	1224.05	2.592 times
30 Thu May 2024	1240.85	1280.05	1287.75	1235.35	1.455 times
29 Wed May 2024	1286.45	1314.00	1314.00	1284.10	0.783 times
28 Tue May 2024	1315.10	1329.00	1330.35	1311.30	0.897 times
27 Mon May 2024	1329.70	1323.00	1342.80	1318.25	0.547 times
24 Fri May 2024	1321.75	1337.50	1345.00	1318.00	0.718 times
23 Thu May 2024	1337.50	1336.00	1343.95	1325.10	0.803 times
22 Wed May 2024	1330.40	1330.00	1335.40	1311.05	0.787 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 1254.3, but if it comes above 1254.3, then a intra day buy could be more profitable.
If you take a sell trade below 1254.3, then use 1254.3 as stoploss and 1214.5 as target. However if you take a buy trade in stock , then use 1254.3 as stoploss and 1287.52 as target.

Share price targets for Tech Mahindra (TECHM)

Target Type	Value
Downside Target	1162.95
Downside Target	1193.65
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	1201.37
Downside Intraday Target	1163.43
Upside Intraday Target	1269.52
Upside Intraday Target	1299.73
Downside Intraday Target	1231.58

Weekly technical analysis of Tech Mahindra (TECHM)

Date	Weekly Closing Price	Open	High	Low	Volume
04 Tue Jun 2024	1239.30	1255.00	1261.80	1193.65	0.317 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
04 Tue Jun 2024	1239.30	1255.00	1261.80	1193.65	0.089 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 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 SELL. Signal strength is Strong and stock is gaining momentum.

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

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 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 but selling 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 1271.65 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.