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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)

10 day averaged volume of Tech Mahindra is 2734903

Date Daily Closing Price Open High Low Volume
21 Fri Jun 2024 1399.80 1408.00 1440.30 1386.05 2.5 times
20 Thu Jun 2024 1393.10 1386.00 1399.00 1371.45 0.727 times
19 Wed Jun 2024 1381.15 1377.00 1386.95 1361.00 0.48 times
18 Tue Jun 2024 1371.35 1380.45 1391.45 1370.15 0.348 times
14 Fri Jun 2024 1371.45 1395.00 1395.75 1364.10 0.634 times

Stock of Tech Mahindra (TECHM) has showed a significant upmove. This could be a good time to enter in this stock!

My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 1382.7, but if it comes below 1382.7, then a intra day sell could be more profitable.
If you take a sell trade below 1382.7, then use 1382.7 as stoploss and 1326.76 as target. However if you take a buy trade in stock , then use 1382.7 as stoploss and 1449.8 as target.

Share price targets for Tech Mahindra (TECHM)

Target Type Value
Downside Target 1162.95
Downside Target 1193.65
Downside Target 1224.05
Downside Target 1264.25
Downside Target 1298.60
Downside Target 1335.15
Downside Target 1347.00
Downside Target 1361.00
Downside Target 1362.40
Downside Target 1381.00
Downside Target 1396.85
Upside Target 1440.30

Intraday share price targets for Tech Mahindra (TECHM)

Target Type Value
Downside Intraday Target 1360.43
Downside Intraday Target 1321.07
Upside Intraday Target 1439.73
Upside Intraday Target 1479.67
Upside Intraday Target 1400.37

Weekly technical analysis of Tech Mahindra (TECHM)

Date Weekly Closing Price Open High Low Volume
21 Fri Jun 2024 1399.80 1380.45 1440.30 1361.00 1.059 times
14 Fri Jun 2024 1371.45 1377.60 1396.85 1335.15 0.686 times
07 Fri Jun 2024 1377.60 1255.00 1381.00 1193.65 1.357 times
31 Fri May 2024 1228.45 1323.00 1342.80 1224.05 1.982 times
24 Fri May 2024 1321.75 1305.40 1345.00 1298.60 0.58 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
21 Fri Jun 2024 1399.80 1255.00 1440.30 1193.65 0.922 times
31 Fri May 2024 1228.45 1263.20 1345.00 1224.05 0.669 times
30 Tue Apr 2024 1263.50 1252.10 1347.00 1162.95 1.784 times
28 Thu Mar 2024 1248.10 1287.00 1307.65 1236.10 0.88 times

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)

Indicator Name Indicator Value Indicator Signal
ADX 38, 15, 44 Buy
MACD 52, 43Buy
Stochastics 83Buy
CCI 171Buy
RSI 54Buy
OBV 12308710Sell
VWAP 1379Buy
ADL 0Sell
ROC 6Buy
Force Index 0Sell

Price action analysis of Tech Mahindra ( (TECHM) ) based on a short 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.

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 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 mid to longer 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.

ADX buy sell signal for Tech Mahindra stock for short term is BUY. Signal strength is Strong and stock is gaining momentum.

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

MACD line is moving upwards which means that SELL signal is weakening, and buying is picking up momentum.

Tech Mahindra Stock is trading near its recent HIGHS, which reflects strong buying momentum in short term! Bulls are getting tired and bears are picking up momentum.

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

CCI has generated a buy signal for Tech Mahindra in short term and BUY signal is strong.

RSI is generating a BUY signal in short term but buying is losing 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 1378.98 and Tech Mahindra (TECHM) stock is trading above this level. This is a good sign for the stock and it could move higher. VWAP is rising upwards.

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 positive

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

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