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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 2024-06-18 View latest technical analysis

10 day averaged volume of Tech Mahindra is 2573925

Date	Daily Closing Price	Open	High	Low	Volume
18 Tue Jun 2024	1371.35	1380.45	1391.45	1370.15	0.369 times
14 Fri Jun 2024	1371.45	1395.00	1395.75	1364.10	0.673 times
13 Thu Jun 2024	1388.95	1380.00	1396.85	1375.35	0.759 times
12 Wed Jun 2024	1370.60	1364.80	1381.00	1357.15	1.082 times
11 Tue Jun 2024	1349.45	1348.90	1359.85	1341.15	0.569 times
10 Mon Jun 2024	1340.35	1377.60	1378.00	1335.15	0.984 times
07 Fri Jun 2024	1377.60	1330.00	1381.00	1327.00	2.25 times
06 Thu Jun 2024	1317.45	1285.00	1323.60	1274.20	1.245 times
05 Wed Jun 2024	1266.90	1260.00	1284.95	1236.75	1.053 times
04 Tue Jun 2024	1239.30	1245.35	1253.70	1193.65	0.96 times

My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 1366.8, but if it comes below 1366.8, then a intra day sell could be more profitable.
If you take a sell trade below 1366.8, then use 1366.8 as stoploss and 1317.64 as target. However if you take a buy trade in stock , then use 1366.8 as stoploss and 1425.8 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	1264.25
Downside Target	1304.10
Downside Target	1335.15
Downside Target	1347.00
Downside Target	1362.40
Downside Target	1370.15
Upside Target	1381.00
Upside Target	1391.45
Upside Target	1396.85

Intraday share price targets for Tech Mahindra (TECHM)

Target Type	Value
Downside Intraday Target	1363.85
Downside Intraday Target	1356.35
Upside Intraday Target	1385.15
Upside Intraday Target	1398.95
Upside Intraday Target	1377.65

Weekly technical analysis of Tech Mahindra (TECHM)

Date	Weekly Closing Price	Open	High	Low	Volume
18 Tue Jun 2024	1371.35	1380.45	1391.45	1370.15	0.091 times
14 Fri Jun 2024	1371.45	1377.60	1396.85	1335.15	0.686 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

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
18 Tue Jun 2024	1371.35	1255.00	1396.85	1193.65	0.668 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 coming down

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

Although the stock is in the SELL zone, but selling 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 1339.16 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.