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(MBECL) Mcnally Bharat complete technical analysis [charts+indicators] | Buy/Sell Mcnally Bharat | (MBECL) share price targets

Complete technical analysis of Mcnally Bharat (MBECL) by charts plus indicators, forecast predictions and share price targets for Mcnally Bharat (MBECL)

Mcnally Bharat trades in NSE in Construction & Engineering sector.

Showing technical analysis as on 2024-05-06 View latest technical analysis

10 day averaged volume of Mcnally Bharat is 402274

Date	Daily Closing Price	Open	High	Low	Volume
06 Mon May 2024	3.50	3.75	3.75	3.50	0.837 times
03 Fri May 2024	3.65	3.70	3.95	3.65	1.146 times
02 Thu May 2024	3.85	4.15	4.15	3.85	1.328 times
30 Tue Apr 2024	4.05	4.45	4.45	4.05	1.116 times
29 Mon Apr 2024	4.25	3.95	4.25	3.95	0.917 times
26 Fri Apr 2024	4.05	4.05	4.30	4.05	2.768 times
25 Thu Apr 2024	4.25	4.25	4.25	4.25	0.55 times
24 Wed Apr 2024	4.45	4.75	4.80	4.45	0.564 times
23 Tue Apr 2024	4.65	4.60	4.65	4.60	1.161 times
22 Mon Apr 2024	4.45	4.15	4.45	4.15	0.442 times

My analysis of stock is bearish for shortterm, but stock is semi over sold and there are some chances of seeing a recovery tomorrow. Use 3.1 as stoploss in an intra day buy trade for a target of 23.05. However, stock will show a bearish move below 3.1.

Share price targets for Mcnally Bharat (MBECL)

Target Type	Value
Downside Target	3.50
Upside Target	3.65
Upside Target	3.75
Upside Target	3.95
Upside Target	4.05
Upside Target	4.15
Upside Target	4.45
Upside Target	4.80
Upside Target	16.25
Upside Target	41.10
Upside Target	41.50
Upside Target	45.50
Upside Target	46.90
Upside Target	59.80

Intraday share price targets for Mcnally Bharat (MBECL)

Target Type	Value
Downside Intraday Target	3.42
Downside Intraday Target	3.33
Upside Intraday Target	3.67
Upside Intraday Target	3.83
Upside Intraday Target	3.58

Weekly technical analysis of Mcnally Bharat (MBECL)

Date	Weekly Closing Price	Open	High	Low	Volume
06 Mon May 2024	3.50	3.75	3.75	3.50	0.186 times
03 Fri May 2024	3.65	3.95	4.45	3.65	0.822 times
26 Fri Apr 2024	4.05	4.15	4.80	4.05	823.121 times
19 Fri Oct 2018	16.25	16.50	16.50	16.25	0.081 times
08 Fri Jun 2018	42.95	45.50	45.50	41.50	0.489 times

Price has moved down this week, but volume has not increased substantially. This means that the move can be temporary and might not continue in coming weeks.

Monthly technical analysis of Mcnally Bharat (MBECL)

Date	Monthly Closing Price	Open	High	Low	Volume
06 Mon May 2024	3.50	4.15	4.15	3.50	0.44 times
30 Tue Apr 2024	4.05	4.15	4.80	3.95	1128.226 times
19 Fri Oct 2018	16.25	16.50	16.50	16.25	0.067 times
08 Fri Jun 2018	42.95	46.05	46.90	41.50	0.087 times

Scroll below to view daily charts

Price has moved down this month, but volume has not increased substantially. This means that the move can be temporary and might not continue in coming months.

Indicators analysis of Mcnally Bharat (MBECL)

Price action analysis of Mcnally Bharat ( (MBECL) ) based on a short term time period is definitely negative. This means that there is a strong downtrend in the stock for given time period. Sellers are extremely active on this stock.

Price action analysis of Mcnally Bharat ( (MBECL) ) based on a short to mid term time period is definitely negative. This means that there is a strong downtrend in the stock for given time period. Sellers are extremely active on this stock.

Price action analysis of Mcnally Bharat ( (MBECL) ) based on a mid to longer term time period is definitely negative. This means that there is a strong downtrend in the stock for given time period. Sellers are extremely active on this stock.

ADX buy sell signal for Mcnally Bharat stock for short term is SELL. Signal strength is Strong and stock is losing momentum.

MACD generated a SELL signal for Mcnally Bharat in short term and the sell signal is strong.

MACD line is moving upwards which means that SELL signal is weakening, and buying is picking up momentum.

Mcnally Bharat Stock is trading near its recent LOWS in short term which reflects strong selling momentum. Bears are getting stronger in this stock.

Ichimoku cloud is of red color and prices are below the red cloud Prices appear to be coming down

CCI has generated a SELL signal for Mcnally Bharat in short term and SELL signal is strong!

RSI is generating a SELL signal in short term but selling is losing momentum.

MRSI is in positive zone. This is a BUY zone

Although the stock is in the BUY zone, but buying might be slowing down

Stock of Mcnally Bharat is picking up selling momentum according to indicator.

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 4.07 and Mcnally Bharat (MBECL) stock is trading below this level. This means that stock is falling with high volumes. VWAP is falling down

People seem to be coming out and selling the Mcnally Bharat (MBECL) stock. Volume based technical analysis of Mcnally Bharat (MBECL) stock is negative.

Mcnally Bharat Stock has given negative returns over a short term period. Returns for a longer term period have been negative.

Force Index is moving in a negative zone, which indicates selling momentum for short term... Selling momentum is getting weaker.