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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 2024-09-19 View latest technical analysis

10 day averaged volume of Tech Mahindra is 1887695

Date	Daily Closing Price	Open	High	Low	Volume
19 Thu Sep 2024	1595.35	1620.00	1635.35	1587.05	1.606 times
18 Wed Sep 2024	1605.40	1648.15	1648.15	1589.00	1.552 times
17 Tue Sep 2024	1651.55	1649.00	1672.00	1641.10	0.794 times
16 Mon Sep 2024	1649.00	1651.10	1670.00	1646.50	0.562 times
13 Fri Sep 2024	1656.05	1649.90	1659.90	1638.00	0.728 times
12 Thu Sep 2024	1643.25	1619.90	1649.60	1606.00	1.248 times
11 Wed Sep 2024	1602.60	1612.00	1627.00	1598.10	0.739 times
10 Tue Sep 2024	1607.40	1592.00	1613.70	1578.50	1.347 times
09 Mon Sep 2024	1579.20	1623.20	1631.30	1574.75	1.571 times
06 Fri Sep 2024	1623.25	1639.50	1651.20	1613.95	0.886 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 1606.3, but if it comes above 1606.3, then a intra day buy could be more profitable.
If you take a sell trade below 1606.3, then use 1606.3 as stoploss and 1580 as target. However if you take a buy trade in stock , then use 1606.3 as stoploss and 1628.15 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
Upside Target	1633.65
Upside Target	1659.90
Upside Target	1662.00
Upside Target	1665.00
Upside Target	1672.00

Intraday share price targets for Tech Mahindra (TECHM)

Target Type	Value
Downside Intraday Target	1564.27
Downside Intraday Target	1533.18
Upside Intraday Target	1649.22
Upside Intraday Target	1703.08
Upside Intraday Target	1618.13

Weekly technical analysis of Tech Mahindra (TECHM)

Date	Weekly Closing Price	Open	High	Low	Volume
19 Thu Sep 2024	1595.35	1651.10	1672.00	1587.05	0.802 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
19 Thu Sep 2024	1595.35	1636.50	1672.00	1574.75	0.644 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 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 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 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 Weak 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. Bears are getting stronger in this stock.

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 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 1614.86 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.