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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 2024-06-07 View latest technical analysis

10 day averaged volume of Tech Mahindra is 2202109

Date	Daily Closing Price	Open	High	Low	Volume
07 Fri Jun 2024	1377.60	1330.00	1381.00	1327.00	2.63 times
06 Thu Jun 2024	1317.45	1285.00	1323.60	1274.20	1.455 times
05 Wed Jun 2024	1266.90	1260.00	1284.95	1236.75	1.23 times
04 Tue Jun 2024	1239.30	1245.35	1253.70	1193.65	1.123 times
03 Mon Jun 2024	1245.35	1255.00	1261.80	1236.55	0.496 times
31 Fri May 2024	1228.45	1245.95	1255.25	1224.05	2.111 times
30 Thu May 2024	1240.85	1280.05	1287.75	1235.35	1.185 times
29 Wed May 2024	1286.45	1314.00	1314.00	1284.10	0.638 times
28 Tue May 2024	1315.10	1329.00	1330.35	1311.30	0.731 times
27 Mon May 2024	1329.70	1323.00	1342.80	1318.25	0.445 times

Stock of Tech Mahindra (TECHM) has showed a significant upmove. This could be a good time to enter in this stock!

Although my analysis for stock is bullish for shortterm, but stock is over bought and there are high chances of some profit booking tomorrow. You might want to sell the stock tomorrow in intra day with a stoploss of 1379.2, for a target of 1333.1 or 1294.59

Share price targets for Tech Mahindra (TECHM)

Target Type	Value
Downside Target	1162.95
Downside Target	1193.65
Downside Target	1224.05
Downside Target	1300.00
Downside Target	1320.00
Downside Target	1342.80
Downside Target	1345.00
Downside Target	1347.00
Downside Target	1362.40
Upside Target	1381.00

Intraday share price targets for Tech Mahindra (TECHM)

Target Type	Value
Downside Intraday Target	1253.83
Downside Intraday Target	1130.07
Upside Intraday Target	1441.18
Upside Intraday Target	1504.77
Downside Intraday Target	1317.42

Weekly technical analysis of Tech Mahindra (TECHM)

Date	Weekly Closing Price	Open	High	Low	Volume
07 Fri Jun 2024	1377.60	1255.00	1381.00	1193.65	1.357 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
07 Fri Jun 2024	1377.60	1255.00	1381.00	1193.65	0.382 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 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 short term time period is positive, but buyers have become active on the stock recently. This cannot be a definite uptrend, specially if selected time duration is small.

Price action analysis of Tech Mahindra ( (TECHM) ) based on a short to mid 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 mid to longer term time period is positive, but trend is highly volatile. A longer time period analysis might give a better idea of the trend.

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

MACD generated a BUY signal for Tech Mahindra in short term and the buy signal is strong.

MACD line is moving upwards which means that SELL signal is weakening, and buying is picking up momentum.

Tech Mahindra Stock is trading near its recent HIGHS, which reflects strong buying momentum in short term! Bulls are getting stronger in this stock.

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 and BUY signal is strong.

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

MRSI is in negative zone. This is the SELL 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 1290.69 and Tech Mahindra (TECHM) stock is trading above this level. This is a good sign for the stock and it could move higher. 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.