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MARKET OUTLOOKSTOCK OUTLOOKTECHM

Tech Mahindra Outlook for the Week (August 28, 2023 – September 01, 2023)

Tech Mahindra
Tech Mahindra
Tech Mahindra closed the previous week on a negative note losing 3.72%.

Technically, Tech Mahindra share price will see immediate support at 1,170.63 and immediate resistance would be seen at 1,216.18.

If Tech Mahindra share price closes below immediate support of 1,170.63, then sharp breakdown can be seen. Tech Mahindra share price will see major support at 1,151.77 for the week.

On the positive side, immediate resistance will be seen at 1,216.18. Closing above 1,216.18, Tech Mahindra share price will see a sharp breakout. Major resistance for Tech Mahindra share price will be seen at 1,242.87 for the week.

Trading range for Tech Mahindra share price for this week should be between 1,125.08 on down side and 1,261.73 on up side.

Tech Mahindra Previous Week High: 1224

Tech Mahindra Previous Week Low: 1178.45

Tech Mahindra Previous Week Range: 45.55 Points

Tech Mahindra share price support and resistance for the week (August 28, 2023 – September 01, 2023)

Level Type Value
Resistance 3 1,261.73
Resistance 2 1,242.87
Resistance 1 1,216.18
Support 1 1,170.63
Support 2 1,151.77
Support 3 1,125.08

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