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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.

Showing technical analysis as on 2024-01-08 View latest technical analysis

10 day averaged volume of Mro Tek is 54549

Date	Daily Closing Price	Open	High	Low	Volume
08 Mon Jan 2024	64.30	64.75	65.45	62.70	1.121 times
05 Fri Jan 2024	62.70	60.30	66.55	59.00	6.727 times
04 Thu Jan 2024	59.60	60.00	60.95	59.20	0.292 times
03 Wed Jan 2024	60.00	60.70	61.00	59.50	0.334 times
02 Tue Jan 2024	60.70	57.75	61.25	57.75	1.341 times
01 Mon Jan 2024	58.00	58.60	60.50	57.15	0.652 times
29 Fri Dec 2023	57.50	58.00	58.00	57.05	0.174 times
28 Thu Dec 2023	57.75	58.40	58.40	57.30	0.097 times
27 Wed Dec 2023	57.55	58.25	58.45	57.15	0.097 times
26 Tue Dec 2023	58.15	58.30	58.90	57.40	0.141 times

Although my analysis for stock is bullish for shortterm, but stock is over bought and there are high chances of some profit booking tomorrow. You might want to sell the stock tomorrow in intra day with a stoploss of 62.8, for a target of 60.7 or 58.9

Share price targets for Mro Tek (MRO-TEK)

Target Type	Value
Downside Target	55.15
Downside Target	58.90
Downside Target	61.00
Downside Target	61.10
Downside Target	62.35
Downside Target	62.70
Upside Target	65.45
Upside Target	66.55
Upside Target	67.40
Upside Target	70.80

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

Target Type	Value
Downside Intraday Target	62.85
Downside Intraday Target	61.4
Upside Intraday Target	65.6
Upside Intraday Target	66.9
Downside Intraday Target	64.15

Weekly technical analysis of Mro Tek (MRO-TEK)

Date	Weekly Closing Price	Open	High	Low	Volume
08 Mon Jan 2024	64.30	64.75	65.45	62.70	0.12 times
05 Fri Jan 2024	62.70	58.60	66.55	57.15	18.394 times
29 Fri Dec 2023	57.50	58.30	58.90	57.05	0.293 times
22 Fri Dec 2023	58.30	58.95	61.00	56.10	0.979 times
15 Fri Dec 2023	58.40	59.30	61.10	57.00	0.387 times

Price has moved up 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 Mro Tek (MRO-TEK)

Date	Monthly Closing Price	Open	High	Low	Volume
08 Mon Jan 2024	64.30	58.60	66.55	57.15	1.197 times
29 Fri Dec 2023	57.50	57.75	62.35	55.55	1.091 times
30 Thu Nov 2023	56.40	57.15	60.00	56.00	0.293 times
31 Tue Oct 2023	56.70	60.65	70.80	55.15	1.834 times

Scroll below to view daily charts

Price has moved up 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 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 positive, but buyers have become active on the stock recently. This cannot be a definite uptrend, specially if selected time duration is small.

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 in short term is moving inside a range for now. Please check in a day or two to for a better buy sell signal. Bulls are getting stronger in this stock.

Ichimoku cloud is of green color and prices are above the green cloud Prices appear to be moving up

CCI has generated a buy signal for Mro Tek in short term and BUY signal is strong.

RSI is generating a BUY signal in short term and the buying is gaining momentum.

MRSI is in negative zone. This is the SELL zone

Although the stock is in the SELL zone, but selling might be slowing down

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

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 61.95 and Mro Tek (MRO-TEK) stock is trading above this level. This is a good sign for the stock and it could move higher. 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.