TECHM - Technical Analysis
Last Updated Time : 02 Aug 25, 12:58 am
Back to Technical List📊 Technical Analysis for TECHM (Tech Mahindra Ltd.)
⭐ Technical Rating
2.1 (Weak technicals due to bearish momentum, oversold indicators, and breakdown below key moving averages)
📉 Chart Patterns & Trend Status
Trend Status: TECHM is currently reversing from a prior uptrend and entering a bearish phase.
Pattern Observed: Breakdown from a flag pattern and forming lower highs and lower lows, indicating short-term weakness
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Candlestick Signals: Recent Bearish Engulfing and Long Black Candle patterns suggest selling pressure
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📈 Moving Averages
Indicator Value (₹) Signal
50 DMA 1,578 Price below – Bearish
200 DMA 1,562 Price below – Bearish
20 EMA ~1,544 Price below – Bearish
Price trading below all major moving averages, confirming a downtrend
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📊 Momentum Indicators
Indicator Value Interpretation
RSI 24.4 Oversold – potential bounce, but weak momentum
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MACD -43.2 Bearish crossover – strong downward momentum
MFI ~14.8 Oversold – selling exhaustion possible
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CCI -130 Strong downtrend confirmation
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📉 Bollinger Bands & Volume
Price hugging lower Bollinger Band, indicating continued selling pressure.
Volume below 1-week average → weak participation, suggesting lack of buying interest.
📌 Support & Resistance Zones
Level Price (₹)
Support 1 1,435
Support 2 1,410
Resistance 1 1,470
Resistance 2 1,487
Resistance 3 1,520
Trendline resistance near 1,520–1,550 zone.
Strong support seen around 1,410–1,435
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🎯 Entry & Exit Zones
Entry Zone: ₹1,410–₹1,435 (if RSI rebounds and volume picks up)
Exit Zone: ₹1,470–₹1,520 (short-term resistance zone)
Stop Loss: ₹1,395 (below recent swing low)
🧭 Summary
TECHM is in a short-term bearish reversal, with weak momentum and breakdown below key averages. Oversold indicators suggest a possible technical bounce, but confirmation is needed via volume and price action. Traders should be cautious and wait for a reversal signal before entering.
Would you like a comparison with other IT stocks or a fundamental valuation overlay?
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www.moneycontrol.com
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