TECHM - IntraDay Trade Analysis

Last Updated Time : 02 Aug 25, 12:58 am

📊 IntraDay Trade Rating: 2.3

Tech Mahindra (TECHM) currently shows weak intraday trading potential based on the following analysis

⚠️ Key Technical Indicators

RSI: 24.4 → Deeply oversold, but not yet showing reversal signs.

MACD: -43.2 → Strong bearish momentum.

Volume: 15.38 lakh vs Avg 18.11 lakh → Slightly below average, indicating reduced participation.

Price Action: Trading well below both 50 DMA (₹1,578) and 200 DMA (₹1,562) — clear bearish trend.

📉 Sentiment & Trend

Recent price action shows lower lows, confirming a bearish intraday structure

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ADX suggests strong trend strength, but direction is negative

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SAR signals potential reversal, but not confirmed yet

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PEG Ratio: -2.93 → Indicates poor growth relative to valuation.

💡 Intraday Strategy

✅ If Considering Entry

Avoid buying at current levels (₹1,454) unless reversal signs emerge.

If bullish reversal appears (e.g., RSI crosses 30, MACD flattens), consider buying near ₹1,419–₹1,430.

Target Levels

Profit Booking: ₹1,478 (initial), ₹1,495 (aggressive)

Stop Loss: ₹1,409 (below recent support)

🕒 If Already Holding

Watch for any bounce toward ₹1,478–₹1,495 — consider exiting there.

If price fails to hold above ₹1,430 intraday, exit immediately to avoid deeper losses.

Momentum indicators suggest no strength yet — better to exit on any minor recovery.

🧠 Final Thoughts

TECHM is not a strong candidate for intraday trading today due to

Weak momentum

Bearish technicals

Lack of volume surge

No clear reversal signals

If you’re looking for better intraday setups, consider stocks with rising volume, RSI near 40–60, and MACD crossover potential.

Would you like suggestions for stronger intraday candidates today?

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dailybulls.in

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