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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 2024-10-16 View latest technical analysis

10 day averaged volume of Tech Mahindra is 2265497

Date	Daily Closing Price	Open	High	Low	Volume
16 Wed Oct 2024	1660.30	1670.00	1677.45	1652.80	0.473 times
15 Tue Oct 2024	1675.35	1700.00	1703.45	1663.50	1.105 times
14 Mon Oct 2024	1692.50	1648.00	1697.00	1648.00	0.914 times
11 Fri Oct 2024	1647.05	1603.00	1650.00	1603.00	0.45 times
10 Thu Oct 2024	1619.70	1673.00	1675.95	1611.35	0.67 times
09 Wed Oct 2024	1658.80	1639.00	1669.80	1632.05	0.961 times
08 Tue Oct 2024	1629.10	1625.00	1635.00	1603.60	0.579 times
07 Mon Oct 2024	1618.55	1624.95	1632.05	1600.20	0.715 times
04 Fri Oct 2024	1616.45	1591.00	1648.40	1591.00	1.292 times
03 Thu Oct 2024	1604.05	1615.00	1631.15	1596.15	1.029 times

My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 1653.5, but if it comes below 1653.5, then a intra day sell could be more profitable.
If you take a sell trade below 1653.5, then use 1653.5 as stoploss and 1625.52 as target. However if you take a buy trade in stock , then use 1653.5 as stoploss and 1687.1 as target.

Share price targets for Tech Mahindra (TECHM)

Target Type	Value
Downside Target	1193.65
Downside Target	1424.15
Downside Target	1561.75
Downside Target	1648.00
Downside Target	1648.40
Upside Target	1664.80
Upside Target	1665.00
Upside Target	1672.00
Upside Target	1675.95
Upside Target	1703.45

Intraday share price targets for Tech Mahindra (TECHM)

Target Type	Value
Downside Intraday Target	1637.72
Downside Intraday Target	1615.13
Upside Intraday Target	1693.17
Upside Intraday Target	1726.03
Upside Intraday Target	1670.58

Weekly technical analysis of Tech Mahindra (TECHM)

Date	Weekly Closing Price	Open	High	Low	Volume
16 Wed Oct 2024	1660.30	1648.00	1703.45	1648.00	0.738 times
11 Fri Oct 2024	1647.05	1624.95	1675.95	1600.20	0.55 times
04 Fri Oct 2024	1616.45	1606.00	1648.40	1567.85	1.205 times
27 Fri Sep 2024	1609.25	1624.95	1664.80	1590.05	0.922 times
20 Fri Sep 2024	1622.05	1651.10	1672.00	1582.40	1.176 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
16 Wed Oct 2024	1660.30	1580.00	1703.45	1580.00	0.517 times
30 Mon Sep 2024	1577.20	1636.50	1672.00	1567.85	1.099 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

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 losing 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 negative zone. This is the SELL zone

Although the stock is in the SELL zone, but selling 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 1641.85 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.