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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 2024-08-19 View latest technical analysis

10 day averaged volume of Tech Mahindra is 2205373

Date	Daily Closing Price	Open	High	Low	Volume
19 Mon Aug 2024	1594.65	1587.85	1602.70	1575.85	0.744 times
16 Fri Aug 2024	1585.30	1558.40	1589.00	1531.30	1.462 times
14 Wed Aug 2024	1524.40	1512.00	1529.45	1505.00	1.285 times
13 Tue Aug 2024	1503.40	1508.30	1523.65	1495.15	0.263 times
12 Mon Aug 2024	1512.50	1506.70	1524.50	1489.40	0.821 times
09 Fri Aug 2024	1506.70	1484.95	1509.25	1480.55	0.69 times
08 Thu Aug 2024	1466.45	1470.00	1488.15	1462.00	1.058 times
07 Wed Aug 2024	1473.65	1500.80	1515.25	1471.00	1.362 times
06 Tue Aug 2024	1483.40	1465.50	1503.00	1465.50	0.755 times
05 Mon Aug 2024	1456.35	1470.00	1484.25	1426.75	0.991 times

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 1596.4, for a target of 1553.9 or 1518.51

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
Downside Target	1489.40
Downside Target	1547.55
Downside Target	1561.75
Downside Target	1569.00
Downside Target	1575.85
Downside Target	1589.00
Upside Target	1602.70

Intraday share price targets for Tech Mahindra (TECHM)

Target Type	Value
Downside Intraday Target	1579.43
Downside Intraday Target	1564.22
Upside Intraday Target	1606.28
Upside Intraday Target	1617.92
Downside Intraday Target	1591.07

Weekly technical analysis of Tech Mahindra (TECHM)

Date	Weekly Closing Price	Open	High	Low	Volume
19 Mon Aug 2024	1594.65	1587.85	1602.70	1575.85	0.194 times
16 Fri Aug 2024	1585.30	1506.70	1589.00	1489.40	0.789 times
09 Fri Aug 2024	1506.70	1470.00	1515.25	1426.75	1.072 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

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
19 Mon Aug 2024	1594.65	1554.40	1602.70	1426.75	0.5 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 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 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 but buying is losing 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 1512.2 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.