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Technicals for Tech Mahindra Limited
By MusingTheNews
2025-05-30 20:59
Overall Technical outlook
Price Summary
On 2025-05-30, Tech Mahindra Limited's stock began at 1595.0, peaked at 1595.0, declined to 1568.0, and ended the day -1.32% lower at 1573.9, with 2780823 shares traded. In the last 52 weeks, the stock's top price was 1796.4 and the bottom price was 1228.45. Analysts' predictions indicate that TECHM's future price will be between 1050.0 and 2000.0, with a mean price expectation of approximately 1548.7675.
Technicals
Support and Resistance: The price for TECHM is 1573.9, with support at 1565.6 and resistance at 1629.1. This suggests a range where 1565.6 acts as a base, preventing declines, and 1629.1 caps gains, defining key trading levels. Support/Resistance for TECHM
Aroon: The AROON is currently in a neutral position for Tech Mahindra Limited, offering no clear guidance on whether the market is likely to move up or down. This neutral stance suggests that further observation may be necessary before a trend becomes apparent. Aroon chart for Tech Mahindra Limited
Bol. Bands: The BOLL BANDS is in a neutral stance, with no clear direction indicated for the market. This lack of clarity suggests that the market may be in a state of equilibrium for TECHM, with no strong trend emerging. Bolinger Bands chart for Tech Mahindra Limited
Parabolic SAR: The PSAR for TECHM continues to indicate a bearish outlook, reinforcing a resistance level that could limit upward potential. This suggests that the market may remain under bearish control, with resistance acting as a barrier to significant upward movement. Parabolic Stop and Reverse chart for Tech Mahindra Limited
Stochastic: The STOCHASTIC is neutral, showing no definitive signals of a trend either upward or downward. This neutral stance indicates a period of market indecision, where the direction is unclear. Stochastic chart for Tech Mahindra Limited
Tripple Moving Agerage: The Tripple MOVING AVG is currently neutral, showing no clear bias toward a rising or falling trend. This lack of directional clarity suggests that the market may be in a holding pattern, awaiting further developments. Tripple SMA chart for Tech Mahindra Limited
A thorough analysis of a company involves looking beyond its stock price movements and trading patterns. You must also examine its fundamentals, which include profitability, growth prospects, and competitive advantages. Additionally, the industry in which the company operates provides important context, as factors like technological innovations, regulation, and market demand influence performance. By integrating this information with technical analysis, more accurate predictions about the company's future can be made.
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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