Overall Technical outlook

Price Summary

On 2026-02-02, Tech Mahindra Limited's stock opened at 1713.7, reached a high of 1729.6, dropped to a low of 1709.2, and closed higher 0.6% at 1724.0, with a trading volume of 1030621 shares.
In the 52-week period, the stock's peak price is 1768.4, and the lowest price recorded is 1272.75.
The future price of TECHM is projected to range from 1220.0 to 2350.0, with an average expected price of 1761.0952, according to 42 analysts.

Technicals

Support and Resistance: The price for TECHM at 1724.0 finds support at 1718.3 and resistance at 1768.4. This suggests a trading range, where 1718.3 serves as a support level and 1768.4 acts as a resistance point, potentially capping further gains.
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Support/Resistance for TECHM


Aroon: The AROON is currently in a neutral position, offering no clear indication of movement up or down. This suggests that the market may be experiencing a period of equilibrium, with no strong trend in play.
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Aroon chart for Tech Mahindra Limited


Bol. Bands: The BOLL BANDS is showing a neutral stance, not indicating a clear upward or downward trend for Tech Mahindra Limited. This suggests a period of market balance, where neither side is showing dominance.
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Bolinger Bands chart for Tech Mahindra Limited


Parabolic SAR: The PSAR for TECHM maintains its bullish outlook, setting a strong support level that could underpin further gains. This suggests that the market is likely to continue its upward trajectory, with the established support providing a safety net for ongoing bullish momentum.
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Parabolic Stop and Reverse chart for Tech Mahindra Limited


Stochastic: The stochastic indicator for TECHM reflects the K-line moving below the D-line, though it stays above 80, hinting at the potential beginning of a bearish price move. This setup suggests that the market's strength may be diminishing, with a possible downturn ahead. Traders should be on alert for further bearish confirmation.
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Stochastic chart for Tech Mahindra Limited


Tripple Moving Agerage: The alignment of the 20, 50, and 100 moving averages suggests a bearish trend, but the weakening slopes of the 20 and 50 SMAs hint at a potential shift. This wavering could indicate that the bearish momentum is slowing down, possibly leading to a reversal towards bullish price action. Investors should watch for signs of a trend change as the market might be gearing up for a new upward move.
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Tripple SMA chart for Tech Mahindra Limited


To derive valuable insights from a company's technical performance, it is essential to first understand its fundamentals. This includes its financial health, business model, and market share. Equally important is the industry context, such as competition, consumer demand, and market trends. By examining these aspects together, investors can gain a more comprehensive view of how the company's stock behaves and whether it's aligned with its underlying value.