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Stock analysis Tech Mahindra Limited TECHM

More indepth analysis on MunafaSutra.com

Moving Averages for Tech Mahindra Limited

  • 5Day Average: 1212.61
  • 12Day Average: 1217.56
  • 20Day Average: 1232.85
  • 50Day Average: 1265.83
  • 100Day Average: 1276.92
  • 150Day Average: 1249.33
  • 200Day Average: 1238.24

TECHM Indicators & signals

Indicator MACD (12,26,9)

1221.94, 1237.57, -18.04
Indicator MACD is in negative zone

Indicator ADX (14)

26.18, 37.22, 21.77
Indicator ADX is indicating that momentum is weak.
Indicator ADX is showing that momentum is towards buying

Indicator RSI (14)

Current RSI is: 57
Indicator RSI is indicating buying momentum and stock might rise.

Recent prices of TECHM Tech Mahindra Limited are as follows: Daily volume is divided by 10 day averaged volume

Date Close Range Change % Volume
26 Fri Apr 2024 1278.75 1241.00 to 1347.00 7.43% 9.08 times
25 Thu Apr 2024 1190.30 1172.80 to 1193.55 0.39% 1.49 times
24 Wed Apr 2024 1185.70 1181.50 to 1207.95 -1.21% 0.61 times
23 Tue Apr 2024 1200.25 1198.80 to 1218.00 -0.65% 0.65 times
22 Mon Apr 2024 1208.05 1195.10 to 1216.70 1.21% 0.61 times
19 Fri Apr 2024 1193.65 1162.95 to 1204.85 1.19% 1.14 times
18 Thu Apr 2024 1179.65 1176.05 to 1207.85 -1.35% 1.44 times
16 Tue Apr 2024 1195.80 1191.00 to 1213.15 -1.88% 0.93 times
15 Mon Apr 2024 1218.75 1211.00 to 1240.65 -1.88% 0.96 times
12 Fri Apr 2024 1242.10 1238.00 to 1269.75 -1.91% 1.28 times
10 Wed Apr 2024 1266.30 1252.00 to 1273.45 1.19% 0.89 times
09 Tue Apr 2024 1251.40 1242.75 to 1281.00 -1.09% 0.53 times

Technical analysis forecast of Tech Mahindra Limited Stock is that its in a uptrend for shortterm, and I will avoid taking a SHORT or SELL trade in this stock. Look for opportunities to BUY or go LONG in Tech Mahindra Limited TECHM at this time. Stock is rising and might rise more.

It appears as if Tech Mahindra Limited TECHM gave a large move recently.

Stock of Tech Mahindra Limited (TECHM) is trading above an important moving average line, but it crossed this line recently, which means that it could show a small or a large fall soon enough depending on its trend.

My analysis of Tech Mahindra Limited is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if Tech Mahindra Limited stays above 1263.2, but if it comes below 1263.2, then a intra day sell could be more profitable.
If you take a sell trade below 1263.2, then use 1263.2 as stoploss and 1231.02 as target. However if you take a buy trade in Tech Mahindra Limited, then use 1263.2 as stoploss and 1301.9 as target.

More indepth analysis on MunafaSutra.com