TECHM NEWS why is Tech Mahindra Limited price falling or rising

TECHM NEWS reasons for why stock price of Tech Mahindra Limited is falling or rising

TECHM Tech Mahindra is falling or rising technical reasons

Technical analysis forecast of Tech Mahindra 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 TECHM at this time. Stock is rising and might rise more.

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

Stock of Tech Mahindra (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 is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if Tech Mahindra 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, then use 1263.2 as stoploss and 1301.9 as target.

TECHM Tech Mahindra is falling or rising NEWS fundamental reasons

Company Announcement Tech Mahindra Limited has informed the Exchange about change in Management - NEWS as on 2024-04-25

Tech Mahindra Q4 PAT climbs 29% QoQ; declares dividend of Rs 28/ share The IT major's consolidated net profit jumped 29.51% to Rs 661 crore despite of 1.76% decline in revenue from operations to Rs 12,871.3 crore in Q4 FY24 over Q3 FY24. - NEWS as on 2024-04-25 business-standard.com

Stocks in news: Bajaj Finance, Nestle, Tech Mahindra, IndusInd Bank, Axis Bank, HUL, Kotak Bank Shares of Bajaj Finance, Nestle, Tech Mahindra and IndusInd Bank will be in focus as the companies will announce their quarterly results later in the day. - NEWS as on 2024-04-25 indiatimes.com

Tech Mahindra to pay dividend On or before 09 August 2024 - NEWS as on 2024-04-25 business-standard.com

Tech Mahindra Q4 Results Preview: Weakness to persist as profit, revenue seen falling Tech Mahindra's Q1 performance is expected to be subdued due to uncertain macro conditions and cautious tech spending. Net profit for March 2024 may decline up to 40% YoY, as per four brokerages. Revenue, too, will likely see a fall. - NEWS as on 2024-04-24 indiatimes.com

Tech Mahindra, Trent among 5 stocks with long buildup - NEWS as on 2024-04-21 indiatimes.com

Company Announcement Tech Mahindra Limited has informed the Exchange regarding Allotment of 43260 Shares. - NEWS as on 2024-04-19

Company Announcement - NEWS as on 2024-04-16

Company Announcement Tech Mahindra Limited has informed the Exchange regarding a press release dated April 09, 2024, titled "Intimation of Schedule of Earnings Conference Call and Press Release under Regulation 30 of the Securities and Exchange Board of India (Listing Obligati - NEWS as on 2024-04-09

Board Meeting to discuss Financial Results/Dividend/Other business matters To consider and approve the financial results for the period ended March 31, 2024, dividend and other business matters - NEWS as on 2024-04-01

Company Announcement Tech Mahindra Limited has informed the Exchange regarding the Trading Window closure pursuant to SEBI (Prohibition of Insider Trading) Regulations, 2015 - NEWS as on 2024-04-01

Company Announcement Tech Mahindra Limited has informed the Exchange about Amalgamation/Merger - NEWS as on 2024-03-26

More announcements and NEWS

TECHM Tech Mahindra Limited current price & indicator signals

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

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