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2022 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
27 Thu Jan 1445.60 1484.50 1484.50 1430.00 44.35 lakhs
25 Tue Jan 1500.60 1499.00 1527.65 1465.00 39.11 lakhs
24 Mon Jan 1513.15 1588.00 1588.00 1501.95 32.5 lakhs
21 Fri Jan 1593.55 1650.00 1653.00 1588.85 40.79 lakhs
20 Thu Jan 1666.90 1670.10 1673.20 1643.55 24.4 lakhs
TECHM chart

Although my analysis for stock is bearish for shortterm, but stock is in heavy over sold zones and there are high chances of some recovery tomorrow. You might want to buy the stock tomorrow in intra day with a stoploss of 1471.2, for a target of 1588.2 or 1685.59

  • Daily Price action analysis of 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.

  • Daily Price action analysis of 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.

  • Daily Price action analysis of TECHM based on a 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.

Intraday technical analysis of Tech Mahindra

Stock is trading at 1468.60 as on 28 Fri Jan 10:15

Day open is at 1446.00, day high is at 1482.90, day low is at 1446.00, and day volume is at 170.86 lakhs so far.

First 15 minute high low range is 1446.00 - 1468.25

First hour high low range is 1446.00 - 1482.90

Date Intraday Price Open High Low Volume
28 Fri Jan 10:15 1468.60 1446.00 1482.90 1446.00 2157003
28 Fri Jan 10:10 1464.40 1446.00 1482.90 1446.00 2037089
28 Fri Jan 10:05 1458.55 1446.00 1482.90 1446.00 1972700
28 Fri Jan 10:00 1458.25 1446.00 1482.90 1446.00 1889003
28 Fri Jan 9:55 1461.45 1446.00 1482.90 1446.00 1780721
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: 1457.13 or 1447.525
  • Upside target: 1468.25
  • Downside target : 1423.75
  • Second Upside target: 1465.05
  • Second Downside target : 1410.55

Tech Mahindra (TECHM) weekly technical analysis

Date Weekly Close Open Range Volume
27 Thu Jan 1445.60 1588.00 1430.00
1588.00
115.958 lakhs
21 Fri Jan 1593.55 1732.95 1588.85
1751.00
165.311 lakhs
14 Fri Jan 1737.75 1719.00 1687.50
1755.00
127.061 lakhs
07 Fri Jan 1703.85 1795.05 1690.00
1818.00
140.128 lakhs
31 Fri Dec 1790.55 1724.50 1703.65
1838.00
170.49 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 negative, but sellers have recently become active on the stock. This cannot be called a strong downtrend, specially if selected time duration is small

Weekly Price action analysis of Tech Mahindra 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.

Tech Mahindra (TECHM) Monthly technical analysis

Date Monthly Close Open Range Volume
27 Thu Jan 1445.60 1795.05 1430.00
1818.00
548.458 lakhs
31 Fri Dec 1790.55 1550.00 1536.00
1838.00
592.009 lakhs
30 Tue Nov 1541.45 1490.00 1479.40
1625.00
470.44 lakhs
29 Fri Oct 1477.85 1375.00 1361.00
1630.00
853.921 lakhs
30 Thu Sep 1380.60 1450.00 1372.75
1547.85
599.979 lakhs
monthly TECHM chart

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

Monthly 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.

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: 1767.43
  • Upside daily target: 1676.85
  • Upside daily target: 1559.13
  • Upside daily target: 1482.8
  • Downside daily target: 1410.55

Tech Mahindra Weekly stock price targets

  • Upside weekly target: 1881.45
  • Upside weekly target: 1780.13
  • Upside weekly target: 1695.2
  • Upside weekly target: 1611.33
  • Upside weekly target: 1530.45
  • Downside weekly target: 1358.8

Tech Mahindra Monthly stock price targets

  • Upside monthly target: 1965.28
  • Upside monthly target: 1750.64
  • Upside monthly target: 1663.28
  • Upside monthly target: 1567.71
  • Upside monthly target: 1464.23
  • Downside monthly target: 1327.03
  • Downside monthly target: 1243.8
  • Downside monthly target: 1178.56
  • Downside monthly target: 1119.83
  • Downside monthly target: 1044.73
  • Downside monthly target: 981.53
  • Downside monthly target: 887.68

Tech Mahindra (TECHM) indicators technical analysis

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.

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 is trading near its recent LOWS in short term which reflects strong selling momentum. Bears are weakening, and bulls are picking up momentum!

Ichimoku cloud is of red color and prices are in or above 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 and selling is picking up 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 1604.83 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.

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chart TECHM