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2021 Tech Mahindra (TECHM) technical analysis [forecast] stock price targets

Tech Mahindra technical analysis & forecast stock price targets, Daily, Weekly, Monthly technical analysis

Tech Mahindra deals in IT Consulting & Software Tech Mahindra option chain analysis

Date Close Open High Low Volume
16 Wed Jun 1069.15 1070.00 1077.95 1055.00 18.82 lakhs
15 Tue Jun 1066.85 1069.25 1093.00 1061.65 34.84 lakhs
14 Mon Jun 1069.25 1073.00 1079.35 1058.00 27.58 lakhs
11 Fri Jun 1073.00 1064.90 1082.40 1054.90 49.89 lakhs
10 Thu Jun 1064.90 1059.70 1074.00 1056.50 39.34 lakhs
TECHM chart

My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 1059.7, but if it comes below 1059.7, then a intra day sell could be more profitable.
If you take a sell trade below 1059.7, then use 1059.7 as stoploss and 1028.7 as target. However if you take a buy trade in stock , then use 1059.7 as stoploss and 1096.8 as target.

  • Daily Price action analysis of 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.

  • Daily Price action analysis of 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.

  • Daily Price action analysis of TECHM based on a 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.

Intraday technical analysis of Tech Mahindra

Stock is trading at 1065.15 as on 17 Thu Jun 9:55

Day open is at 1059.95, day high is at 1068.65, day low is at 1057.05, and day volume is at 34.72 lakhs so far.

First 15 minute high low range is 1057.05 - 1068.65

First hour high low range is 1057.05 - 1068.65

Date Intraday Price Open High Low Volume
17 Thu Jun 9:55 1065.15 1059.95 1068.65 1057.05 597555
17 Thu Jun 9:50 1064.90 1059.95 1068.65 1057.05 559491
17 Thu Jun 9:45 1059.10 1059.95 1068.65 1057.05 513123
17 Thu Jun 9:40 1059.80 1059.95 1068.65 1057.05 488604
17 Thu Jun 9:35 1061.20 1059.95 1068.65 1057.05 450026
Intraday TECHM chart

Prices of Tech Mahindra are definitely rising in intraday. Look for buy opportunities.

Take a trade after 9:30am only.

Tech Mahindra (TECHM) intraday stock price targets

  • EntEntry: 1062.85 or 1064.275
  • Upside target: 1068.65
  • Downside target : 1045.45
  • Second Upside target: 1073.55
  • Second Downside target : 1050.6

Tech Mahindra (TECHM) weekly technical analysis

Date Weekly Close Open Range Volume
16 Wed Jun 1069.15 1073.00 1055.00
1093.00
81.236 lakhs
11 Fri Jun 1073.00 1024.95 1019.45
1082.40
173.501 lakhs
04 Fri Jun 1019.20 1025.00 994.00
1032.00
126.572 lakhs
28 Fri May 1026.25 979.80 975.10
1033.00
147.971 lakhs
21 Fri May 980.50 954.00 943.00
986.30
97.384 lakhs
weekly TECHM chart

Weekly forecast of Tech Mahindra is negative. Sellers dominated the stock this week, and might continue to dominate in coming days too.

Weekly Price action analysis of Tech Mahindra 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.

Weekly Price action analysis of Tech Mahindra 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.

Tech Mahindra (TECHM) Monthly technical analysis

Date Monthly Close Open Range Volume
16 Wed Jun 1069.15 1024.70 994.00
1093.00
363.291 lakhs
31 Mon May 1021.65 960.00 941.40
1033.00
527.998 lakhs
30 Fri Apr 960.40 1000.00 937.00
1059.05
883.949 lakhs
31 Wed Mar 991.45 935.45 926.35
1045.00
783.2 lakhs
26 Fri Feb 918.85 961.90 915.00
1019.20
821.733 lakhs
monthly TECHM chart

Monthly forecast of Tech Mahindra is positive. Buyers dominated the stock this month, and this trend might continue for a few days

Monthly Price action analysis of Tech Mahindra 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.

Monthly Price action analysis of Tech Mahindra 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.

Tech Mahindra Daily stock price targets

  • Upside daily target: 1091.45
  • Downside daily target: 1032.94

Tech Mahindra Weekly stock price targets

  • Upside weekly target: 1109.18
  • Downside weekly target: 1046.23
  • Downside weekly target: 987.6
  • Downside weekly target: 921.18

Tech Mahindra Monthly stock price targets

  • Upside monthly target: 1130.58
  • Upside monthly target: 1073.13
  • Downside monthly target: 1021.48
  • Downside monthly target: 969.03
  • Downside monthly target: 922.43
  • Downside monthly target: 865.29
  • Downside monthly target: 797.58
  • Downside monthly target: 757.23

Tech Mahindra (TECHM) indicators technical analysis

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.

ADX buy sell signal for Tech Mahindra stock for short term is BUY. Signal strength is Strong and stock is losing 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 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 negative zone. This is the SELL zone

Although the stock is in the SELL zone, but selling 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 1056.38 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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chart TECHM