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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 2024-04-12 View latest technical analysis

10 day averaged volume of Tech Mahindra is 1662627

Date	Daily Closing Price	Open	High	Low	Volume
12 Fri Apr 2024	1242.10	1264.95	1269.75	1238.00	1.737 times
10 Wed Apr 2024	1266.30	1260.45	1273.45	1252.00	1.2 times
09 Tue Apr 2024	1251.40	1265.10	1281.00	1242.75	0.721 times
08 Mon Apr 2024	1265.15	1270.00	1270.00	1256.10	0.413 times
05 Fri Apr 2024	1263.40	1275.00	1275.95	1260.20	0.713 times
04 Thu Apr 2024	1279.25	1260.00	1289.00	1246.90	1.48 times
03 Wed Apr 2024	1255.15	1240.00	1263.00	1240.00	1.094 times
02 Tue Apr 2024	1236.80	1244.00	1251.95	1235.10	0.794 times
01 Mon Apr 2024	1244.55	1252.10	1261.15	1242.00	0.84 times
28 Thu Mar 2024	1248.10	1260.00	1264.95	1242.00	1.465 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 1247.5, but if it comes above 1247.5, then a intra day buy could be more profitable.
If you take a sell trade below 1247.5, then use 1247.5 as stoploss and 1229.7 as target. However if you take a buy trade in stock , then use 1247.5 as stoploss and 1262.39 as target.

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	1226.4
Downside Intraday Target	1210.7
Upside Intraday Target	1269.4
Upside Intraday Target	1296.7
Upside Intraday Target	1253.7

Weekly technical analysis of Tech Mahindra (TECHM)

Date	Weekly Closing Price	Open	High	Low	Volume
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
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
12 Fri Apr 2024	1242.10	1252.10	1289.00	1235.10	0.446 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 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 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 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 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 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

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 1255.14 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.