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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 2024-03-04 View latest technical analysis

10 day averaged volume of Tech Mahindra is 1574880

Date	Daily Closing Price	Open	High	Low	Volume
04 Mon Mar 2024	1280.05	1275.60	1285.50	1270.10	1.171 times
02 Sat Mar 2024	1272.50	1278.00	1282.00	1271.00	0.138 times
01 Fri Mar 2024	1271.80	1287.00	1287.00	1268.00	0.991 times
29 Thu Feb 2024	1273.85	1280.00	1285.20	1264.25	1.43 times
28 Wed Feb 2024	1285.85	1302.00	1306.05	1271.00	0.819 times
27 Tue Feb 2024	1296.05	1295.00	1305.05	1283.70	0.945 times
26 Mon Feb 2024	1298.25	1322.25	1324.90	1295.00	0.76 times
23 Fri Feb 2024	1322.25	1338.90	1342.55	1316.30	1.054 times
22 Thu Feb 2024	1328.10	1307.00	1330.50	1299.35	1.398 times
21 Wed Feb 2024	1296.60	1320.00	1325.00	1292.20	1.124 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 1284, but if it comes above 1284, then a intra day buy could be more profitable.
If you take a sell trade below 1284, then use 1284 as stoploss and 1262.6 as target. However if you take a buy trade in stock , then use 1284 as stoploss and 1301.86 as target.

Share price targets for Tech Mahindra (TECHM)

Target Type	Value
Downside Target	1113.80
Downside Target	1197.05
Downside Target	1221.40
Downside Target	1264.25
Upside Target	1302.00
Upside Target	1324.90
Upside Target	1333.05
Upside Target	1334.80
Upside Target	1342.55
Upside Target	1362.40
Upside Target	1416.30

Intraday share price targets for Tech Mahindra (TECHM)

Target Type	Value
Downside Intraday Target	1271.6
Downside Intraday Target	1263.15
Upside Intraday Target	1287
Upside Intraday Target	1293.95
Downside Intraday Target	1278.55

Weekly technical analysis of Tech Mahindra (TECHM)

Date	Weekly Closing Price	Open	High	Low	Volume
04 Mon Mar 2024	1280.05	1275.60	1285.50	1270.10	0.23 times
02 Sat Mar 2024	1272.50	1322.25	1324.90	1264.25	0.866 times
23 Fri Feb 2024	1322.25	1302.95	1342.55	1287.45	0.983 times
16 Fri Feb 2024	1302.55	1318.40	1334.80	1282.65	1.037 times
09 Fri Feb 2024	1311.05	1345.80	1362.40	1302.00	0.846 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
04 Mon Mar 2024	1280.05	1287.00	1287.00	1268.00	0.095 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
29 Fri Dec 2023	1272.65	1226.80	1333.05	1197.05	1.516 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 positive, but trend is highly volatile. A longer time period analysis might give a better idea of the trend.

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 positive, but trend is highly volatile. A longer time period analysis might give a better idea of the trend.

ADX buy sell signal for Tech Mahindra stock for short term is SELL. Signal strength is Strong and stock is losing 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 weakening, and bulls are picking up momentum!

Ichimoku cloud is of red color and prices are below the red cloud Prices appear to be moving up

CCI has generated a buy signal for Tech Mahindra in short term but BUY signal is weak.

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

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 1294.89 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.