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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
25 Thu Feb 957.80 964.00 969.00 952.25 36.83 lakhs
24 Wed Feb 960.05 950.00 963.90 936.65 16.87 lakhs
23 Tue Feb 945.75 952.00 962.75 931.00 41.2 lakhs
22 Mon Feb 950.70 998.95 1011.00 941.90 59.46 lakhs
19 Fri Feb 993.95 1013.65 1019.20 972.65 43.58 lakhs
TECHM chart

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 955 as stoploss in an intra day buy trade for a target of 972.25. However, stock will show a bearish move below 955.

  • 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 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 957.80 as on 25 Thu Feb 15:34

Day open is at 964.00, day high is at 969.00, day low is at 952.25, and day volume is at 1403.7 lakhs so far.

First 15 minute high low range is 960.90 - 967.70

First hour high low range is 953.25 - 967.70

Date Intraday Price Open High Low Volume
25 Thu Feb 15:34 957.80 964.00 969.00 952.25 3682354
25 Thu Feb 15:30 958.00 964.00 969.00 952.25 3682354
25 Thu Feb 15:25 958.65 964.00 969.00 952.25 3602523
25 Thu Feb 15:20 956.65 964.00 969.00 952.25 3475834
25 Thu Feb 15:15 957.15 964.00 969.00 952.25 3354525
Intraday TECHM chart

Prices of Tech Mahindra are surely coming down. Look for opportunities to sell in intraday.

Take a trade after 9:30am only.

Tech Mahindra (TECHM) intraday stock price targets

  • EntEntry: 964.3 or 957.825
  • Upside target: 967.7
  • Downside target : 954.1
  • Second Upside target: 963.4
  • Second Downside target : 946.65

Tech Mahindra (TECHM) weekly technical analysis

Date Weekly Close Open Range Volume
25 Thu Feb 957.80 998.95 931.00
1011.00
154.356 lakhs
19 Fri Feb 993.95 996.00 971.40
1019.20
197.283 lakhs
12 Fri Feb 991.20 969.80 957.60
1009.00
175.11 lakhs
05 Fri Feb 959.40 961.90 921.15
1000.00
242.435 lakhs
29 Fri Jan 961.40 985.85 956.00
1004.90
184.275 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 positive, but buyers have become active on the stock recently. This cannot be a definite uptrend, specially if selected time duration is small.

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
25 Thu Feb 957.80 961.90 921.15
1019.20
769.184 lakhs
29 Fri Jan 961.40 976.00 956.00
1081.55
924.089 lakhs
31 Thu Dec 973.20 900.00 871.65
986.40
898.874 lakhs
27 Fri Nov 876.85 821.40 804.30
890.00
1027.049 lakhs
30 Fri Oct 813.30 798.20 781.85
887.55
1399.233 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: 1030.05
  • Upside daily target: 980.85
  • Downside daily target: 922.5

Tech Mahindra Weekly stock price targets

  • Upside weekly target: 1098.05
  • Upside weekly target: 1044.43
  • Upside weekly target: 991.7
  • Downside weekly target: 939.19

Tech Mahindra Monthly stock price targets

  • Upside monthly target: 1037.18
  • Downside monthly target: 954.83
  • Downside monthly target: 903.28
  • Downside monthly target: 842.56
  • Downside monthly target: 797.58
  • Downside monthly target: 757.23
  • Downside monthly target: 691.78
  • Downside monthly target: 655.8
  • Downside monthly target: 612.85
  • Downside monthly target: 570.63
  • Downside monthly target: 535.9
  • Downside monthly target: 510.23

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 Weak and stock is losing 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 buy signal for Tech Mahindra in short term but BUY signal is weak.

RSI is generating a BUY signal in short term and the buying is gaining 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 978.24 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