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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 2024-09-16 View latest technical analysis

10 day averaged volume of Tech Mahindra is 1835284

Date	Daily Closing Price	Open	High	Low	Volume
16 Mon Sep 2024	1649.00	1651.10	1670.00	1646.50	0.578 times
13 Fri Sep 2024	1656.05	1649.90	1659.90	1638.00	0.749 times
12 Thu Sep 2024	1643.25	1619.90	1649.60	1606.00	1.284 times
11 Wed Sep 2024	1602.60	1612.00	1627.00	1598.10	0.76 times
10 Tue Sep 2024	1607.40	1592.00	1613.70	1578.50	1.385 times
09 Mon Sep 2024	1579.20	1623.20	1631.30	1574.75	1.616 times
06 Fri Sep 2024	1623.25	1639.50	1651.20	1613.95	0.912 times
05 Thu Sep 2024	1639.50	1653.00	1657.90	1632.90	0.589 times
04 Wed Sep 2024	1645.30	1619.75	1650.00	1608.90	0.896 times
03 Tue Sep 2024	1644.10	1639.00	1659.25	1632.10	0.948 times

My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 1648.1, but if it comes below 1648.1, then a intra day sell could be more profitable.
If you take a sell trade below 1648.1, then use 1648.1 as stoploss and 1627.76 as target. However if you take a buy trade in stock , then use 1648.1 as stoploss and 1672.5 as target.

Share price targets for Tech Mahindra (TECHM)

Target Type	Value
Downside Target	1193.65
Downside Target	1224.05
Downside Target	1345.00
Downside Target	1424.15
Downside Target	1561.75
Downside Target	1608.90
Downside Target	1646.50
Upside Target	1659.90
Upside Target	1662.00
Upside Target	1665.00
Upside Target	1670.00

Intraday share price targets for Tech Mahindra (TECHM)

Target Type	Value
Downside Intraday Target	1640.33
Downside Intraday Target	1631.67
Upside Intraday Target	1663.83
Upside Intraday Target	1678.67
Upside Intraday Target	1655.17

Weekly technical analysis of Tech Mahindra (TECHM)

Date	Weekly Closing Price	Open	High	Low	Volume
16 Mon Sep 2024	1649.00	1651.10	1670.00	1646.50	0.1 times
13 Fri Sep 2024	1656.05	1623.20	1659.90	1574.75	1.377 times
06 Fri Sep 2024	1623.25	1636.50	1662.00	1608.90	0.792 times
30 Fri Aug 2024	1636.50	1610.00	1665.00	1609.00	1.133 times
23 Fri Aug 2024	1598.40	1587.85	1633.65	1575.85	1.018 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
16 Mon Sep 2024	1649.00	1636.50	1670.00	1574.75	0.465 times
30 Fri Aug 2024	1636.50	1554.40	1665.00	1426.75	0.835 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

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

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 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 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 1623.8 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 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 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.