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2020 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
23 Mon Nov 865.75 838.00 869.40 836.75 62.52 lakhs
20 Fri Nov 837.55 829.00 844.95 826.40 60.64 lakhs
19 Thu Nov 822.90 833.00 849.00 820.00 55.93 lakhs
18 Wed Nov 836.10 844.00 844.90 830.15 27.72 lakhs
17 Tue Nov 845.25 848.55 856.50 830.90 36.35 lakhs
TECHM chart

Although my analysis for stock is bullish for shortterm, but stock is over bought and there are high chances of some profit booking tomorrow. You might want to sell the stock tomorrow in intra day with a stoploss of 873, for a target of 851 or 832.67

  • Daily Price action analysis of TECHM based on a short term time period is positive, but trend is highly volatile. A longer time period analysis might give a better idea of the trend.

  • Daily Price action analysis of TECHM based on a short to mid term time period is positive, but trend is highly volatile. A longer time period analysis might give a better idea of the trend.

  • 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 878.45 as on 24 Tue Nov 11:15

Day open is at 870.00, day high is at 890.00, day low is at 864.30, and day volume is at 598.48 lakhs so far.

First 15 minute high low range is 864.30 - 870.90

First hour high low range is 864.30 - 890.00

Date Intraday Price Open High Low Volume
24 Tue Nov 11:15 878.45 870.00 890.00 864.30 3846931
24 Tue Nov 11:10 878.00 870.00 890.00 864.30 3744996
24 Tue Nov 11:05 881.65 870.00 890.00 864.30 3560194
24 Tue Nov 11:00 882.65 870.00 890.00 864.30 3515764
24 Tue Nov 10:55 883.75 870.00 890.00 864.30 3449922
Intraday TECHM chart

Trend of Tech Mahindra is not defined as of yet. Wait for entry and exit levels given below.

Take a trade after 9:30am only.

Tech Mahindra (TECHM) intraday stock price targets

  • EntEntry: 867.6 or 860.325
  • Upside target: 870.9
  • Downside target : 857.7
  • Second Upside target: 883.9
  • Second Downside target : 851.25

Tech Mahindra (TECHM) weekly technical analysis

Date Weekly Close Open Range Volume
23 Mon Nov 865.75 838.00 836.75
869.40
62.518 lakhs
20 Fri Nov 837.55 844.00 820.00
856.50
182.793 lakhs
13 Fri Nov 838.85 859.00 812.45
877.00
225.64 lakhs
06 Fri Nov 851.15 821.40 804.30
854.00
224.443 lakhs
30 Fri Oct 813.30 830.00 781.85
854.70
347.466 lakhs
weekly TECHM chart

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

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
23 Mon Nov 865.75 821.40 804.30
877.00
695.394 lakhs
30 Fri Oct 813.30 798.20 781.85
887.55
1399.233 lakhs
30 Wed Sep 791.75 739.00 722.70
830.00
1233.365 lakhs
31 Mon Aug 741.00 685.95 642.55
774.70
1084.151 lakhs
31 Fri Jul 681.65 544.00 536.05
702.75
1566.549 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 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: 883.9
  • Downside daily target: 840.9
  • Downside daily target: 793.75

Tech Mahindra Weekly stock price targets

  • Upside weekly target: 903.7
  • Downside weekly target: 860.33
  • Downside weekly target: 810.53
  • Downside weekly target: 770.23
  • Downside weekly target: 718.73

Tech Mahindra Monthly stock price targets

  • Upside monthly target: 907.73
  • Downside monthly target: 864.53
  • 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: 573.08
  • Downside monthly target: 535.9
  • Downside monthly target: 510.23
  • Downside monthly target: 362.15

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 BUY. Signal strength is Weak 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 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 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 moving up

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

RSI is generating a SELL signal in short term but selling 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 838.21 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 has given negative 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