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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 2024-06-05 View latest technical analysis

10 day averaged volume of Tech Mahindra is 1895876

Date	Daily Closing Price	Open	High	Low	Volume
05 Wed Jun 2024	1266.90	1260.00	1284.95	1236.75	1.429 times
04 Tue Jun 2024	1239.30	1245.35	1253.70	1193.65	1.304 times
03 Mon Jun 2024	1245.35	1255.00	1261.80	1236.55	0.576 times
31 Fri May 2024	1228.45	1245.95	1255.25	1224.05	2.452 times
30 Thu May 2024	1240.85	1280.05	1287.75	1235.35	1.377 times
29 Wed May 2024	1286.45	1314.00	1314.00	1284.10	0.741 times
28 Tue May 2024	1315.10	1329.00	1330.35	1311.30	0.849 times
27 Mon May 2024	1329.70	1323.00	1342.80	1318.25	0.517 times
24 Fri May 2024	1321.75	1337.50	1345.00	1318.00	0.68 times
23 Thu May 2024	1337.50	1336.00	1343.95	1325.10	0.76 times

My analysis of stock is bearish for shortterm, but stock is semi over sold and there are some chances of seeing a recovery tomorrow. Use 1253 as stoploss in an intra day buy trade for a target of 1286.51. However, stock will show a bearish move below 1253.

Share price targets for Tech Mahindra (TECHM)

Target Type	Value
Downside Target	1162.95
Downside Target	1193.65
Downside Target	1224.05
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	1212.05
Downside Intraday Target	1157.2
Upside Intraday Target	1303.35
Upside Intraday Target	1339.8
Downside Intraday Target	1248.5

Weekly technical analysis of Tech Mahindra (TECHM)

Date	Weekly Closing Price	Open	High	Low	Volume
05 Wed Jun 2024	1266.90	1255.00	1284.95	1193.65	0.557 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
05 Wed Jun 2024	1266.90	1255.00	1284.95	1193.65	0.157 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 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 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 losing momentum.

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

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. Bears are weakening, and bulls are picking up momentum!

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 but BUY signal is weak.

RSI is generating a BUY signal in short term and the buying is gaining 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 1266.92 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.