Falling Wedge Breakout in TECHMTECHM Looking Bullish At Current Level Expecting to Touch Recent Highs
31.95INR
48.31 BINR
532.90 BINR
623.73 M
About TECH MAHINDRA
Sector
Industry
CEO
Mohit Joshi
Website
Headquarters
Pune
Employees (FY)
126.83 K
Founded
2010
ISIN
INE669C01036
FIGI
BBG000CXKQ30
Tech Mahindra Ltd. operates as a holding company. It engages in the provision of information technology solutions. The firm operates through the Information Technology Services and Business Processing Outsourcing segments. It provides computer programming, consultancy and related services, networking technology solutions, and business support services to the global telecommunications industries. The company was founded on October 24, 1986 and is headquartered in Pune, India.
Technical Analysis for Tech Mahindra (TECHM):
Entry Strategy: Buy at Current Market Price (CMP) ₹1260
Stop Loss (SL): ₹1440 for risk management
Targets:
Target 1: ₹1305
Target 2: ₹1400
Nearby Indicator: 200-Day Exponential Moving Average (DEMA)
Chart Pattern: Flag and Pole
#Tech Mahindra cash : Falling wedge breakout pattern#Techm cash -Positional call
04.04.2024
Looks good above 1310.10
and dips 1290-1296
Stoploss 1270
Tgt 1360-1370/1440
Cmp 1279.25
TECHMThe following is observed :-
1. MACD crossover on daily time frame just below the centre line and crossover likely to happen on weekly time frame above centre line.
2. RSI bullish at 53, can be considered bullish.
3. Follow up buying seen from 1240 levels with good price action.
4. Downtrend ch
A Clear DownsideA Clear downside it doesn't have potential of upside so it show in the downside due to very high PE and mutual funds slow dump the stock to individual to make a profit. there is recession going on UK so this stock kind of week and it will touch 1100 to 1000 will be on mid-april or may month possibil
Tech Mahindra bouncing from support
*SWING TRADE*
Buy Tech M above 1300
SL 1247
Target 1: 1364
Target 2: 1388
Target 3: 1435
Duration 1-2 months
Trade as per your risk rewards
Techm buyTechm mei side buying kar sakte hai agar ye support levels and trendline ko hold krta hai mere Jo pass mere set-up k according ek confirmation hai second is week mil skta hai .
Agar aapko Mera analysis acha lagta hai toh aap mujhe follow kr skte hai and mer previous analysis bhi dekh skte hai Jo Ma
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Frequently Asked Questions
The current price of TECHM is 1193.65 INR — it has increased by 1.19% in the past 24 hours.
Depending on the exchange, the stock ticker may vary. For instance, on NSE exchange TECH MAHINDRA stocks are traded under the ticker TECHM.
TECH MAHINDRA is going to release the next earnings report on Apr 25, 2024. Keep track of upcoming events with our Earnings Calendar.
TECHM stock is 3.60% volatile and has beta coefficient of 0.99. Check out the list of the most volatile stocks — is TECH MAHINDRA there?
One year price forecast for TECH MAHINDRA has a max estimate of 1625.00 INR and a min estimate of 930.00 INR.
TECHM earnings for the last quarter are 5.57 INR per share, whereas the estimation was 9.03 INR resulting in a −38.28% surprise. The estimated earnings for the next quarter are 7.18 INR per share. See more details about TECH MAHINDRA earnings.
TECH MAHINDRA revenue for the last quarter amounts to 128.64 B INR despite the estimated figure of 132.19 B INR. In the next quarter revenue is expected to reach 128.04 B INR.
Yes, you can track TECH MAHINDRA financials in yearly and quarterly reports right on TradingView.
TECHM stock has fallen by 5.64% compared to the previous week, the month change is a 4.66% fall, over the last year TECH MAHINDRA has showed a 17.59% increase.
TECHM net income for the last quarter is 5.10 B INR, while the quarter before that showed 4.94 B INR of net income which accounts for 3.34% change. Track more TECH MAHINDRA financial stats to get the full picture.
Today TECH MAHINDRA has the market capitalization of 1.15 T, it has increased by 2.33% over the last week.
TECH MAHINDRA dividend yield was 2.90% in 2022, and payout ratio reached 58.43%. The year before the numbers were 1.00% and 23.69% correspondingly. See high-dividend stocks and find more opportunities for your portfolio.
Like other stocks, TECHM shares are traded on stock exchanges, e.g. Nasdaq, Nyse, Euronext, and the easiest way to buy them is through an online stock broker. To do this, you need to open an account and follow a broker's procedures, then start trading. You can trade TECH MAHINDRA stock right from TradingView charts — choose your broker and connect to your account.
As of Apr 19, 2024, the company has 126.83 K employees. See our rating of the largest employees — is TECH MAHINDRA on this list?
Investing in stocks requires a comprehensive research: you should carefully study all the available data, e.g. company's financials, related news, and its technical analysis. So TECH MAHINDRA technincal analysis shows the sell today, and its 1 week rating is sell. Since market conditions are prone to changes, it's worth looking a bit further into the future — according to the 1 month rating TECH MAHINDRA stock shows the buy signal. See more of TECH MAHINDRA technicals for a more comprehensive analysis.
If you're still not sure, try looking for inspiration in our curated watchlists.
If you're still not sure, try looking for inspiration in our curated watchlists.
We've gathered analysts' opinions on TECH MAHINDRA future price: according to them, TECHM price has a max estimate of 1625.00 INR and a min estimate of 930.00 INR. Read a more detailed TECH MAHINDRA forecast: see what analysts think of TECH MAHINDRA and suggest that you do with its stocks.
EBITDA measures a company's operating performance, its growth signifies an improvement in the efficiency of a company. TECH MAHINDRA EBITDA is 55.77 B INR, and current EBITDA margin is 15.30%. See more stats in TECH MAHINDRA financial statements.