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 for Tech Mahindra Stock is that its in a downtrend for shortterm, and I will avoid taking a BUY or a LONG trade in this stock. Look for opportunities to sell or SHORT Tech Mahindra TECHM at this time. Stock is falling and might fall more.

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

Stock of Tech Mahindra (TECHM) is trading below an important moving average line, and it has been below this line for quite some time now. This is not a good sign, stock might keep falling and stock might move lower...

My analysis of Tech Mahindra is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if Tech Mahindra stays below 1213.8, but if it comes above 1213.8, then a intra day buy could be more profitable.
If you take a sell trade below 1213.8, then use 1213.8 as stoploss and 1181 as target. However if you take a buy trade in Tech Mahindra, then use 1213.8 as stoploss and 1241.14 as target.

TECHM Tech Mahindra is falling or rising NEWS fundamental reasons

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

More announcements and NEWS

TECHM Tech Mahindra Limited current price & indicator signals

Moving Averages for Tech Mahindra Limited

  • 5Day Average: 1205.99
  • 12Day Average: 1237.28
  • 20Day Average: 1245.51
  • 50Day Average: 1276.74
  • 100Day Average: 1276.83
  • 150Day Average: 1251.41
  • 200Day Average: 1236.7

TECHM Indicators & signals

Indicator MACD (12,26,9)

1227.66, 1248.28, -13.98
Indicator MACD is in negative zone

Indicator ADX (14)

57.08, 8.71, 31.87
Indicator ADX is indicating that momentum is still strong.
Momentum is towards selling.

Indicator RSI (14)

Current RSI is: 48
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
19 Fri Apr 2024 1193.65 1162.95 to 1204.85 1.19% 1.3 times
18 Thu Apr 2024 1179.65 1176.05 to 1207.85 -1.35% 1.64 times
16 Tue Apr 2024 1195.80 1191.00 to 1213.15 -1.88% 1.06 times
15 Mon Apr 2024 1218.75 1211.00 to 1240.65 -1.88% 1.09 times
12 Fri Apr 2024 1242.10 1238.00 to 1269.75 -1.91% 1.46 times
10 Wed Apr 2024 1266.30 1252.00 to 1273.45 1.19% 1.01 times
09 Tue Apr 2024 1251.40 1242.75 to 1281.00 -1.09% 0.61 times
08 Mon Apr 2024 1265.15 1256.10 to 1270.00 0.14% 0.35 times
05 Fri Apr 2024 1263.40 1260.20 to 1275.95 -1.24% 0.6 times
04 Thu Apr 2024 1279.25 1246.90 to 1289.00 1.92% 1.25 times
03 Wed Apr 2024 1255.15 1240.00 to 1263.00 1.48% 0.92 times
02 Tue Apr 2024 1236.80 1235.10 to 1251.95 -0.62% 0.67 times

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