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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 2024-03-18 View latest technical analysis

10 day averaged volume of Tech Mahindra is 1779026

Date	Daily Closing Price	Open	High	Low	Volume
18 Mon Mar 2024	1272.65	1282.00	1287.45	1268.05	0.355 times
15 Fri Mar 2024	1282.20	1293.00	1293.00	1268.50	1.405 times
14 Thu Mar 2024	1293.35	1272.00	1297.45	1258.05	1.197 times
13 Wed Mar 2024	1277.20	1292.30	1299.40	1266.30	1.125 times
12 Tue Mar 2024	1292.30	1295.00	1307.65	1277.70	1.103 times
11 Mon Mar 2024	1289.00	1288.15	1296.30	1275.50	0.887 times
07 Thu Mar 2024	1288.15	1275.00	1293.10	1265.55	1.166 times
06 Wed Mar 2024	1271.00	1267.50	1274.35	1250.10	1.16 times
05 Tue Mar 2024	1272.50	1274.90	1279.90	1259.10	0.798 times
04 Mon Mar 2024	1280.05	1275.60	1285.50	1270.10	1.036 times

My analysis of stock is bearish for shortterm, but stock is semi over sold and there are some chances of seeing a recovery tomorrow. Use 1272.2 as stoploss in an intra day buy trade for a target of 1289.21. However, stock will show a bearish move below 1272.2.

Share price targets for Tech Mahindra (TECHM)

Target Type	Value
Downside Target	1113.80
Downside Target	1197.05
Downside Target	1221.40
Upside Target	1293.10
Upside Target	1307.65
Upside Target	1324.90
Upside Target	1333.05
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	1264.65
Downside Intraday Target	1256.65
Upside Intraday Target	1284.05
Upside Intraday Target	1295.45
Upside Intraday Target	1276.05

Weekly technical analysis of Tech Mahindra (TECHM)

Date	Weekly Closing Price	Open	High	Low	Volume
18 Mon Mar 2024	1272.65	1282.00	1287.45	1268.05	0.062 times
15 Fri Mar 2024	1282.20	1288.15	1307.65	1258.05	1.374 times
07 Thu Mar 2024	1288.15	1275.60	1293.10	1250.10	0.925 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

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
18 Mon Mar 2024	1272.65	1287.00	1307.65	1250.10	0.525 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 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 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 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 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 buyers have become active on the stock recently. This cannot be a definite uptrend, specially if selected time duration is small.

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 in short term is moving inside a range for now. Please check in a day or two to for a better buy sell signal. Bulls are getting tired and bears are picking up momentum.

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 but selling is losing momentum.

MRSI is in negative zone. This is the SELL 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 1282.74 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 is giving positive 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.