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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
03 Fri Jul 567.20 565.90 572.25 561.05 40.07 lakhs
02 Thu Jul 560.85 549.90 562.50 542.50 59.67 lakhs
01 Wed Jul 545.90 544.00 547.35 536.05 36.63 lakhs
30 Tue Jun 543.40 547.00 548.90 541.55 23.58 lakhs
29 Mon Jun 541.55 558.90 558.90 539.20 33.05 lakhs
TECHM chart

My analysis of stock is bullish for shortterm, but stock is in semi over bought zones and there are some chances of seeing a fall tomorrow. Use 573.6 as stoploss in an intra day sell trade for a target of 556.39. However, stock will show a bullish move above 573.6.

  • 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 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 567.20 as on 03 Fri Jul 15:33

Day open is at 565.90, day high is at 572.25, day low is at 561.05, and day volume is at 1908.91 lakhs so far.

First 15 minute high low range is 561.10 - 567.40

First hour high low range is 561.10 - 571.80

Date Intraday Price Open High Low Volume
03 Fri Jul 15:33 567.20 565.90 572.25 561.05 4007090
03 Fri Jul 15:30 565.35 565.90 572.25 561.05 4007090
03 Fri Jul 15:25 566.50 565.90 572.25 561.05 3975337
03 Fri Jul 15:20 568.30 565.90 572.25 561.05 3930471
03 Fri Jul 15:15 567.00 565.90 572.25 561.05 3831411
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: 564.25 or 568.1875
  • Upside target: 567.4
  • Downside target : 554.8
  • Second Upside target: 575.33
  • Second Downside target : 564.13

Tech Mahindra (TECHM) weekly technical analysis

Date Weekly Close Open Range Volume
03 Fri Jul 567.20 558.90 536.05
572.25
192.998 lakhs
26 Fri Jun 560.85 541.90 538.30
574.95
199.681 lakhs
19 Fri Jun 538.85 557.00 528.40
560.50
225.758 lakhs
12 Fri Jun 554.70 585.80 550.00
605.35
208.783 lakhs
05 Fri Jun 579.85 538.50 537.05
593.55
308.577 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 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 positive, but buyers have become active on the stock recently. This cannot be a definite uptrend, specially if selected time duration is small.

Tech Mahindra (TECHM) Monthly technical analysis

Date Monthly Close Open Range Volume
03 Fri Jul 567.20 544.00 536.05
572.25
136.368 lakhs
30 Tue Jun 543.40 538.50 528.40
605.35
999.429 lakhs
29 Fri May 530.45 515.00 490.00
549.75
885.164 lakhs
30 Thu Apr 546.25 560.00 500.00
569.80
946.616 lakhs
31 Tue Mar 565.50 742.00 471.40
784.00
829.091 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 trend is highly volatile. A longer time period analysis might give a better idea of the trend.

Monthly Price action analysis of Tech Mahindra 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.

Tech Mahindra Daily stock price targets

  • Upside daily target: 579.08
  • Downside daily target: 550.23

Tech Mahindra Weekly stock price targets

  • Upside weekly target: 614.95
  • Upside weekly target: 580.03
  • Downside weekly target: 551.63
  • Downside weekly target: 524.68
  • Downside weekly target: 487.8

Tech Mahindra Monthly stock price targets

  • Upside monthly target: 826.08
  • Upside monthly target: 778.48
  • Upside monthly target: 740.29
  • Upside monthly target: 681.3
  • Upside monthly target: 612.85
  • Upside 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 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 in short term is moving inside a range for now. Please check in a day or two to for a better buy sell signal. Bulls are getting stronger in this stock.

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 and selling is picking up momentum.

MRSI is in positive zone. This is a BUY zone

Stock of Tech Mahindra is picking up buying momentum according to indicator.

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 555.43 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