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(MRO-TEK) Mro Tek complete technical analysis [charts+indicators] | Buy/Sell Mro Tek | (MRO-TEK) share price targets

Complete technical analysis of Mro Tek (MRO-TEK) by charts plus indicators, forecast predictions and share price targets for Mro Tek (MRO-TEK)

Mro Tek trades in NSE in Telecom Equipment sector.

10 day averaged volume of Mro Tek is 623600

Date	Daily Closing Price	Open	High	Low	Volume
17 Fri May 2024	101.40	101.35	103.35	101.35	0.449 times
16 Thu May 2024	112.60	111.90	116.20	110.25	1.237 times
15 Wed May 2024	108.40	101.50	111.90	101.50	2.262 times
14 Tue May 2024	100.90	92.65	106.50	87.10	5.129 times
13 Mon May 2024	90.70	77.50	90.70	75.00	1.157 times
10 Fri May 2024	75.60	74.00	76.05	74.00	0.023 times
09 Thu May 2024	75.55	78.60	79.50	75.00	0.033 times
08 Wed May 2024	78.55	78.45	79.90	78.05	0.021 times
07 Tue May 2024	78.50	79.05	79.95	78.00	0.032 times
06 Mon May 2024	79.50	82.95	82.95	78.55	0.036 times

My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 96.8, but if it comes below 96.8, then a intra day sell could be more profitable.
If you take a sell trade below 96.8, then use 96.8 as stoploss and 86.31 as target. However if you take a buy trade in stock , then use 96.8 as stoploss and 109.4 as target.

Share price targets for Mro Tek (MRO-TEK)

Target Type	Value
Downside Target	57.15
Downside Target	62.00
Downside Target	70.90
Downside Target	74.00
Downside Target	77.35
Downside Target	80.05
Downside Target	82.95
Downside Target	85.80
Downside Target	86.50
Downside Target	94.70
Downside Target	95.80
Upside Target	116.20

Intraday share price targets for Mro Tek (MRO-TEK)

Target Type	Value
Downside Intraday Target	78.87
Downside Intraday Target	56.33
Upside Intraday Target	120.07
Upside Intraday Target	138.73
Downside Intraday Target	97.53

Weekly technical analysis of Mro Tek (MRO-TEK)

Date	Weekly Closing Price	Open	High	Low	Volume
17 Fri May 2024	101.40	77.50	116.20	75.00	70.705 times
10 Fri May 2024	75.60	82.95	82.95	74.00	0.492 times
03 Fri May 2024	81.85	84.00	85.80	80.95	0.536 times
26 Fri Apr 2024	82.00	80.05	86.50	80.05	1.18 times
19 Fri Apr 2024	80.20	83.30	84.85	77.35	0.126 times

Price has moved up this week, and volume has increased substantially. This means that the move can continue in coming weeks.

Monthly technical analysis of Mro Tek (MRO-TEK)

Date	Monthly Closing Price	Open	High	Low	Volume
17 Fri May 2024	101.40	83.00	116.20	74.00	2.066 times
30 Tue Apr 2024	82.00	71.10	95.80	71.10	1.718 times
28 Thu Mar 2024	71.00	79.80	84.50	57.65	0.331 times
29 Thu Feb 2024	79.15	63.35	94.70	62.00	3.223 times

Scroll below to view daily charts

Price has moved up this month, and volume has increased substantially. This means that the move can continue in coming months.

Indicators analysis of Mro Tek (MRO-TEK)

Price action analysis of Mro Tek ( (MRO-TEK) ) based on a short term time period is definitely positive! This means that there is a strong uptrend in the stock for the given time period. Buyers are extremely bullish on the stock.

Price action analysis of Mro Tek ( (MRO-TEK) ) based on a short to mid term time period is definitely positive! This means that there is a strong uptrend in the stock for the given time period. Buyers are extremely bullish on the stock.

Price action analysis of Mro Tek ( (MRO-TEK) ) based on a mid to longer term time period is definitely positive! This means that there is a strong uptrend in the stock for the given time period. Buyers are extremely bullish on the stock.

ADX buy sell signal for Mro Tek stock for short term is BUY. Signal strength is Strong and stock is losing momentum.

MACD generated a BUY signal for Mro Tek in short term and the buy signal is strong.

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

Mro Tek Stock is trading near its recent HIGHS, which reflects strong buying momentum in short term! Bulls are getting tired and bears are picking up momentum.

Ichimoku cloud is of green color and prices are above the green cloud Prices appear to be coming down

CCI has generated a SELL signal for Mro Tek in short term but SELL signal is weak.

RSI is generating a BUY signal in short term but buying is losing momentum.

MRSI is in positive zone. This is a BUY zone

Stock of Mro Tek is picking up buying momentum according to indicator.

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 102.49 and Mro Tek (MRO-TEK) stock is trading below this level. This means that stock is falling with high volumes. VWAP is rising upwards.

People seem to be coming out and selling the Mro Tek (MRO-TEK) stock. Volume based technical analysis of Mro Tek (MRO-TEK) stock is negative.

Mro Tek Stock is giving positive returns over a short term period. Returns for a longer term period have been positive

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