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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 2024-08-05 View latest technical analysis

10 day averaged volume of Tech Mahindra is 2683389

Date	Daily Closing Price	Open	High	Low	Volume
05 Mon Aug 2024	1456.35	1470.00	1484.25	1426.75	0.815 times
02 Fri Aug 2024	1507.70	1525.50	1533.55	1502.30	1.079 times
01 Thu Aug 2024	1544.45	1554.40	1569.00	1537.60	0.49 times
31 Wed Jul 2024	1554.40	1538.00	1561.75	1535.00	0.894 times
30 Tue Jul 2024	1538.05	1520.00	1551.95	1520.00	0.605 times
29 Mon Jul 2024	1525.35	1545.65	1554.70	1510.05	0.654 times
26 Fri Jul 2024	1541.15	1530.00	1544.65	1444.25	2.658 times
25 Thu Jul 2024	1530.00	1525.00	1547.55	1504.90	1.224 times
24 Wed Jul 2024	1533.30	1493.40	1540.00	1473.40	0.955 times
23 Tue Jul 2024	1493.40	1491.00	1502.70	1460.00	0.611 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 1475.6, but if it comes above 1475.6, then a intra day buy could be more profitable.
If you take a sell trade below 1475.6, then use 1475.6 as stoploss and 1438.7 as target. However if you take a buy trade in stock , then use 1475.6 as stoploss and 1506.4 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	1345.00
Downside Target	1424.15
Upside Target	1484.25
Upside Target	1502.30
Upside Target	1511.80
Upside Target	1545.70
Upside Target	1547.55
Upside Target	1561.75
Upside Target	1569.00

Intraday share price targets for Tech Mahindra (TECHM)

Target Type	Value
Downside Intraday Target	1427.32
Downside Intraday Target	1398.28
Upside Intraday Target	1484.82
Upside Intraday Target	1513.28
Downside Intraday Target	1455.78

Weekly technical analysis of Tech Mahindra (TECHM)

Date	Weekly Closing Price	Open	High	Low	Volume
05 Mon Aug 2024	1456.35	1470.00	1484.25	1426.75	0.219 times
02 Fri Aug 2024	1507.70	1545.65	1569.00	1502.30	0.593 times
26 Fri Jul 2024	1541.15	1479.95	1547.55	1444.25	1.787 times
19 Fri Jul 2024	1491.40	1520.10	1545.70	1486.50	1.117 times
12 Fri Jul 2024	1505.05	1461.35	1511.80	1441.25	0.89 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
05 Mon Aug 2024	1456.35	1554.40	1569.00	1426.75	0.128 times
31 Wed Jul 2024	1554.40	1430.35	1561.75	1424.15	1.036 times
28 Fri Jun 2024	1430.35	1255.00	1453.00	1193.65	1.207 times
31 Fri May 2024	1228.45	1263.20	1345.00	1224.05	0.669 times

Scroll below to view daily charts

Price has moved down 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 negative, but sellers have recently become active on the stock. This cannot be called a strong downtrend, specially if selected time duration is small

Price action analysis of Tech Mahindra ( (TECHM) ) based on a short term time period is negative, but trend is highly volatile. A longer duration price action analysis might give a better picture of the trend in this stock.

Price action analysis of Tech Mahindra ( (TECHM) ) based on a short to mid term time period is negative, but trend is highly volatile. A longer duration price action analysis might give a better picture of the trend in this 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 SELL. Signal strength is Strong and stock is gaining momentum.

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

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. Bulls are getting tired and bears 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 and selling is picking up momentum.

MRSI is in positive zone. This is a BUY 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 1525.7 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.