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Technicals for Tech Mahindra Limited
By MusingTheNews
2025-06-13 20:57
Overall Technical outlook
Price Summary
The stock of TECHM skyrocketed 3.36% today, reflecting a stellar market performance. On 2025-06-13, Tech Mahindra Limited's stock opened at 1605.0, reached a high of 1669.0, dropped to a low of 1604.6, and closed up 3.36% at 1659.0, with a trading volume of 2511013 shares. In the 52-week period, the stock's peak price is 1796.4, and the lowest price recorded is 1272.75. 43 analysts estimate that the future price of TECHM will fall between 1050.0 and 2000.0, with an average price expectation of approximately 1548.7675.
Technicals
Support and Resistance: The price for TECHM is 1659.0, with support at 1629.1 and resistance at 1686.05. This suggests a range where 1629.1 acts as a base, preventing declines, and 1686.05 caps gains, defining key trading levels. Support/Resistance for TECHM
Aroon: The continuation of Aroon's bullish trend, with Aroon Up holding at the 100 level, points to strong market momentum. However, to fully understand the trend's implications, it should be analyzed further in conjunction with other indicators. Aroon chart for Tech Mahindra Limited
Bol. Bands: The latest price move has seen the current price cross above the upper Bollinger Band, marking a bullish signal. This upward break indicates strong buying pressure, pushing prices beyond their normal range. Traders may see this as a sign of increasing momentum, with the potential for further upward price action. Bolinger Bands chart for Tech Mahindra Limited
Parabolic SAR: The PSAR continues to be bullish for TECHM, setting a strong support level that could sustain the ongoing upward trend. This level of support indicates that the market is likely to continue its positive trajectory, offering a base for continued bullish movement. Parabolic Stop and Reverse chart for Tech Mahindra Limited
Stochastic: The stochastic indicator is in a bullish phase, as the K-line is above the D-line and the 80 mark. This setup suggests strong upward momentum, implying that TECHM may continue to experience gains. Investors may consider this a positive signal for continued market growth. Stochastic chart for Tech Mahindra Limited
Tripple Moving Agerage: The Tripple MOVING AVG is currently neutral, showing no clear bias toward an upward or downward trend. This suggests that the market may be in a phase of indecision or consolidation. Tripple SMA chart for Tech Mahindra Limited
Before focusing on technical indicators like stock price and volume, it's important to consider a company's fundamentals. These include financial metrics such as profitability, revenue growth, and debt levels. Furthermore, understanding the industry landscape, including competition and consumer trends, provides essential context. By combining this fundamental analysis with technical data, investors can make more informed decisions and draw deeper conclusions about the company's potential for future growth and success.
DISCLAIMER: We provide information and our musings based on events, but nothing on this site can be considered professional advice of any kind.
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