TECHM - Technical Analysis with Chart Patterns & Indicators

Last Updated Time : 19 Sept 25, 2:16 pm

Technical Rating: 4.2

Here's a detailed technical analysis of Tech Mahindra (TECHM) based on the provided data and current market insights

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📊 Trend Analysis

Current Trend: TECHM is in a mild uptrend with signs of short-term consolidation.

Price Action: Trading at ₹1,551, slightly above both the 50-DMA (₹1,523) and 200-DMA (₹1,544), indicating bullish momentum but with resistance overhead.

📈 Momentum Indicators

RSI (59.6): Neutral to bullish zone. Not overbought, suggesting room for upward movement.

MACD (7.08): Positive and above the signal line, confirming bullish momentum.

Volume Surge: Current volume (22.8 lakh) is significantly above the 1-week average (13.8 lakh), indicating strong buying interest.

📉 Moving Averages

Indicator Value (₹) Signal

50-DMA 1,523 Support

200-DMA 1,544 Support

Current Price 1,551 Above both DMAs

📌 Bollinger Bands

Price is near the upper band, suggesting potential resistance and short-term consolidation.

A breakout above ₹1,560–₹1,570 could trigger a fresh rally.

🧭 Support & Resistance Zones

Immediate Support: ₹1,523 (50-DMA), ₹1,500 psychological level

Major Support: ₹1,440 (previous swing low)

Immediate Resistance: ₹1,570–₹1,580 zone

Major Resistance: ₹1,808 (52-week high)

🎯 Entry & Exit Zones

Optimal Entry: ₹1,520–₹1,530 (near 50-DMA with volume confirmation)

Exit Zone: ₹1,780–₹1,800 (near 52-week high unless breakout confirmed)

🔍 Conclusion

TECHM shows bullish momentum supported by strong volume and MACD crossover.

RSI is healthy, and price is above key moving averages.

The stock is trending upward but facing short-term consolidation near resistance.

A breakout above ₹1,570–₹1,580 could confirm trend continuation.

Let me know if you'd like a chart visualization or a comparison with peers like Infosys or TCS!

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www.etmoney.com

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economictimes.indiatimes.com

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