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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 2024-06-12 View latest technical analysis

10 day averaged volume of Tech Mahindra is 2793201

Date	Daily Closing Price	Open	High	Low	Volume
12 Wed Jun 2024	1370.60	1364.80	1381.00	1357.15	0.997 times
11 Tue Jun 2024	1349.45	1348.90	1359.85	1341.15	0.525 times
10 Mon Jun 2024	1340.35	1377.60	1378.00	1335.15	0.907 times
07 Fri Jun 2024	1377.60	1330.00	1381.00	1327.00	2.073 times
06 Thu Jun 2024	1317.45	1285.00	1323.60	1274.20	1.147 times
05 Wed Jun 2024	1266.90	1260.00	1284.95	1236.75	0.97 times
04 Tue Jun 2024	1239.30	1245.35	1253.70	1193.65	0.885 times
03 Mon Jun 2024	1245.35	1255.00	1261.80	1236.55	0.391 times
31 Fri May 2024	1228.45	1245.95	1255.25	1224.05	1.665 times
30 Thu May 2024	1240.85	1280.05	1287.75	1235.35	0.935 times

My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 1349.2, but if it comes below 1349.2, then a intra day sell could be more profitable.
If you take a sell trade below 1349.2, then use 1349.2 as stoploss and 1307.01 as target. However if you take a buy trade in stock , then use 1349.2 as stoploss and 1399.8 as target.

Share price targets for Tech Mahindra (TECHM)

Target Type	Value
Downside Target	1162.95
Downside Target	1193.65
Downside Target	1224.05
Downside Target	1304.10
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	1343.5
Downside Intraday Target	1316.4
Upside Intraday Target	1389.35
Upside Intraday Target	1408.1
Downside Intraday Target	1362.25

Weekly technical analysis of Tech Mahindra (TECHM)

Date	Weekly Closing Price	Open	High	Low	Volume
12 Wed Jun 2024	1370.60	1377.60	1381.00	1335.15	0.444 times
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

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
12 Wed Jun 2024	1370.60	1255.00	1381.00	1193.65	0.552 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 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 positive! This means that there is a strong uptrend in the stock for the given time period. Buyers are extremely bullish on the stock.

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 tired and bears 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 and BUY signal is strong.

RSI is generating a BUY signal in short term but buying is losing 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 1303.08 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.