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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.

10 day averaged volume of Tech Mahindra is 1964503

Date	Daily Closing Price	Open	High	Low	Volume
24 Wed Apr 2024	1185.70	1207.95	1207.95	1181.50	0.7 times
23 Tue Apr 2024	1200.25	1218.00	1218.00	1198.80	0.744 times
22 Mon Apr 2024	1208.05	1196.10	1216.70	1195.10	0.694 times
19 Fri Apr 2024	1193.65	1163.05	1204.85	1162.95	1.309 times
18 Thu Apr 2024	1179.65	1199.55	1207.85	1176.05	1.65 times
16 Tue Apr 2024	1195.80	1205.00	1213.15	1191.00	1.062 times
15 Mon Apr 2024	1218.75	1235.00	1240.65	1211.00	1.096 times
12 Fri Apr 2024	1242.10	1264.95	1269.75	1238.00	1.47 times
10 Wed Apr 2024	1266.30	1260.45	1273.45	1252.00	1.015 times
09 Tue Apr 2024	1251.40	1265.10	1281.00	1242.75	0.61 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 1205.2, but if it comes above 1205.2, then a intra day buy could be more profitable.
If you take a sell trade below 1205.2, then use 1205.2 as stoploss and 1169.1 as target. However if you take a buy trade in stock , then use 1205.2 as stoploss and 1235.24 as target.

Share price targets for Tech Mahindra (TECHM)

Target Type	Value
Downside Target	1162.95
Upside Target	1264.25
Upside Target	1271.60
Upside Target	1281.00
Upside Target	1289.00
Upside Target	1307.65
Upside Target	1333.05
Upside Target	1362.40
Upside Target	1416.30

Intraday share price targets for Tech Mahindra (TECHM)

Target Type	Value
Downside Intraday Target	1172.13
Downside Intraday Target	1158.57
Upside Intraday Target	1208.63
Upside Intraday Target	1231.57
Upside Intraday Target	1195.07

Weekly technical analysis of Tech Mahindra (TECHM)

Date	Weekly Closing Price	Open	High	Low	Volume
24 Wed Apr 2024	1185.70	1196.10	1218.00	1181.50	0.418 times
19 Fri Apr 2024	1193.65	1235.00	1240.65	1162.95	1.486 times
12 Fri Apr 2024	1242.10	1270.00	1281.00	1238.00	0.827 times
05 Fri Apr 2024	1263.40	1252.10	1289.00	1235.10	1.219 times
28 Thu Mar 2024	1248.10	1262.25	1271.60	1242.00	0.904 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
24 Wed Apr 2024	1185.70	1252.10	1289.00	1162.95	0.872 times
28 Thu Mar 2024	1248.10	1287.00	1307.65	1236.10	0.88 times
29 Thu Feb 2024	1273.85	1330.00	1362.40	1264.25	0.637 times
31 Wed Jan 2024	1333.65	1273.00	1416.30	1221.40	1.271 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 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 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 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 mid to longer 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.

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 and the sell signal is strong.

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 red color and prices are below the red 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 SELL signal in short term and selling is picking up 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 1212.61 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 negative.

Force Index is moving in a negative zone, which indicates selling momentum for short term... Selling momentum is getting weaker.