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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 2024-10-31 View latest technical analysis

10 day averaged volume of Tech Mahindra is 2686253

Date	Daily Closing Price	Open	High	Low	Volume
31 Thu Oct 2024	1608.65	1666.60	1669.80	1595.55	1.355 times
30 Wed Oct 2024	1684.95	1704.10	1712.15	1682.25	0.486 times
29 Tue Oct 2024	1698.50	1709.00	1724.10	1680.35	0.558 times
28 Mon Oct 2024	1702.55	1710.00	1727.95	1693.20	0.473 times
25 Fri Oct 2024	1716.45	1735.75	1742.40	1710.35	0.649 times
24 Thu Oct 2024	1735.75	1735.05	1748.00	1728.05	0.585 times
23 Wed Oct 2024	1735.95	1696.55	1749.00	1685.60	1.563 times
22 Tue Oct 2024	1696.55	1703.40	1726.95	1691.45	0.925 times
21 Mon Oct 2024	1701.20	1745.00	1761.85	1690.05	2.196 times
18 Fri Oct 2024	1687.90	1695.00	1702.40	1645.60	1.161 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 1635.4, but if it comes above 1635.4, then a intra day buy could be more profitable.
If you take a sell trade below 1635.4, then use 1635.4 as stoploss and 1588.8 as target. However if you take a buy trade in stock , then use 1635.4 as stoploss and 1674.26 as target.

Share price targets for Tech Mahindra (TECHM)

Target Type	Value
Downside Target	1193.65
Downside Target	1424.15
Downside Target	1561.75
Upside Target	1645.60
Upside Target	1665.00
Upside Target	1672.00
Upside Target	1675.95
Upside Target	1685.60
Upside Target	1709.90
Upside Target	1727.95
Upside Target	1761.85

Intraday share price targets for Tech Mahindra (TECHM)

Target Type	Value
Downside Intraday Target	1560.15
Downside Intraday Target	1511.65
Upside Intraday Target	1692.55
Upside Intraday Target	1776.45
Upside Intraday Target	1644.05

Weekly technical analysis of Tech Mahindra (TECHM)

Date	Weekly Closing Price	Open	High	Low	Volume
31 Thu Oct 2024	1608.65	1710.00	1727.95	1595.55	0.485 times
25 Fri Oct 2024	1716.45	1745.00	1761.85	1685.60	1.268 times
18 Fri Oct 2024	1687.90	1648.00	1709.90	1645.60	1.64 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

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
31 Thu Oct 2024	1608.65	1580.00	1761.85	1580.00	1.182 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 negative. This means that there is a strong downtrend in the stock for given time period. Sellers are extremely active on this stock.

Price action analysis of Tech Mahindra ( (TECHM) ) based on a short to mid 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 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 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.

Tech Mahindra Stock is trading near its recent LOWS in short term which reflects strong selling momentum. 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 but buying is losing 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 1694.22 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.