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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 2024-08-27 View latest technical analysis

10 day averaged volume of Tech Mahindra is 1856137

Date	Daily Closing Price	Open	High	Low	Volume
27 Tue Aug 2024	1624.60	1644.00	1645.00	1622.10	0.584 times
26 Mon Aug 2024	1640.15	1610.00	1643.00	1609.00	0.814 times
23 Fri Aug 2024	1598.40	1613.05	1616.95	1593.05	0.55 times
22 Thu Aug 2024	1611.25	1605.05	1620.65	1596.00	0.842 times
21 Wed Aug 2024	1604.65	1616.00	1628.00	1602.00	1.043 times
20 Tue Aug 2024	1628.60	1601.00	1633.65	1595.25	1.316 times
19 Mon Aug 2024	1594.65	1587.85	1602.70	1575.85	0.884 times
16 Fri Aug 2024	1585.30	1558.40	1589.00	1531.30	1.737 times
14 Wed Aug 2024	1524.40	1512.00	1529.45	1505.00	1.527 times
13 Tue Aug 2024	1503.40	1508.30	1523.65	1495.15	0.313 times

My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 1605.5, but if it comes below 1605.5, then a intra day sell could be more profitable.
If you take a sell trade below 1605.5, then use 1605.5 as stoploss and 1547.95 as target. However if you take a buy trade in stock , then use 1605.5 as stoploss and 1674.5 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
Downside Target	1489.40
Downside Target	1561.75
Downside Target	1575.85
Downside Target	1589.00
Downside Target	1609.00
Upside Target	1633.65
Upside Target	1645.00

Intraday share price targets for Tech Mahindra (TECHM)

Target Type	Value
Downside Intraday Target	1607.4
Downside Intraday Target	1590.2
Upside Intraday Target	1643.4
Upside Intraday Target	1662.2
Upside Intraday Target	1626.2

Weekly technical analysis of Tech Mahindra (TECHM)

Date	Weekly Closing Price	Open	High	Low	Volume
27 Tue Aug 2024	1624.60	1610.00	1645.00	1609.00	0.301 times
23 Fri Aug 2024	1598.40	1587.85	1633.65	1575.85	1.018 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

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
27 Tue Aug 2024	1624.60	1554.40	1645.00	1426.75	0.692 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 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 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 SELL signal for Tech Mahindra in short term but SELL signal is weak.

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

MRSI is in positive zone. This is a BUY zone

Although the stock is in the BUY zone, but buying 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 1591.9 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.