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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 2024-04-09 View latest technical analysis

10 day averaged volume of Tech Mahindra is 1856900

Date	Daily Closing Price	Open	High	Low	Volume
09 Tue Apr 2024	1251.40	1265.10	1281.00	1242.75	0.645 times
08 Mon Apr 2024	1265.15	1270.00	1270.00	1256.10	0.37 times
05 Fri Apr 2024	1263.40	1275.00	1275.95	1260.20	0.638 times
04 Thu Apr 2024	1279.25	1260.00	1289.00	1246.90	1.325 times
03 Wed Apr 2024	1255.15	1240.00	1263.00	1240.00	0.98 times
02 Tue Apr 2024	1236.80	1244.00	1251.95	1235.10	0.711 times
01 Mon Apr 2024	1244.55	1252.10	1261.15	1242.00	0.752 times
28 Thu Mar 2024	1248.10	1260.00	1264.95	1242.00	1.312 times
27 Wed Mar 2024	1253.80	1258.00	1263.15	1246.55	1.146 times
26 Tue Mar 2024	1254.35	1262.25	1271.60	1251.00	1.155 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 1249.7 as stoploss in an intra day buy trade for a target of 1266.03. However, stock will show a bearish move below 1249.7.

Share price targets for Tech Mahindra (TECHM)

Target Type	Value
Downside Target	1197.05
Downside Target	1221.40
Upside Target	1281.00
Upside Target	1287.45
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	1235.77
Downside Intraday Target	1220.13
Upside Intraday Target	1274.02
Upside Intraday Target	1296.63
Upside Intraday Target	1258.38

Weekly technical analysis of Tech Mahindra (TECHM)

Date	Weekly Closing Price	Open	High	Low	Volume
09 Tue Apr 2024	1251.40	1270.00	1281.00	1242.75	0.23 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
22 Fri Mar 2024	1262.65	1282.00	1287.45	1236.10	0.73 times
15 Fri Mar 2024	1282.20	1288.15	1307.65	1258.05	1.374 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
09 Tue Apr 2024	1251.40	1252.10	1289.00	1235.10	0.301 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 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 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 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 neutral. A longer time frame might give a better analysis.

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 Weak and stock is gaining momentum.

MACD generated a BUY signal for Tech Mahindra in short term but the buy signal is initial and weak.

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. 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 but SELL signal is weak.

RSI is generating a BUY signal in short term but buying is losing 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 1255.78 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.