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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 2024-01-24 View latest technical analysis

10 day averaged volume of Mro Tek is 45025

Date	Daily Closing Price	Open	High	Low	Volume
24 Wed Jan 2024	63.20	62.65	63.90	62.25	0.236 times
23 Tue Jan 2024	62.65	66.20	67.70	62.05	0.344 times
22 Mon Jan 2024	66.20	65.30	68.35	65.30	0.751 times
19 Fri Jan 2024	66.10	66.45	66.75	63.70	0.843 times
18 Thu Jan 2024	65.45	63.90	66.15	58.35	2.601 times
17 Wed Jan 2024	63.00	63.80	65.35	62.45	0.406 times
16 Tue Jan 2024	63.95	66.05	67.50	63.00	0.922 times
15 Mon Jan 2024	66.00	69.40	69.40	64.85	0.511 times
12 Fri Jan 2024	67.45	67.25	70.00	64.60	1.245 times
11 Thu Jan 2024	66.65	68.20	68.20	65.70	0.573 times

My analysis of stock is bearish for shortterm, and stock might move down till 60 or till 56. Use a stoploss of 63.31 and if the stock hits stoploss, then it can shoot up till 66.63

Share price targets for Mro Tek (MRO-TEK)

Target Type	Value
Downside Target	55.15
Downside Target	62.05
Downside Target	62.35
Downside Target	62.70
Upside Target	66.55
Upside Target	67.40
Upside Target	68.35
Upside Target	69.40
Upside Target	70.80
Upside Target	70.90

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

Target Type	Value
Downside Intraday Target	60.72
Downside Intraday Target	58.23
Upside Intraday Target	67.02
Upside Intraday Target	70.83
Upside Intraday Target	64.53

Weekly technical analysis of Mro Tek (MRO-TEK)

Date	Weekly Closing Price	Open	High	Low	Volume
24 Wed Jan 2024	63.20	65.30	68.35	62.05	0.252 times
19 Fri Jan 2024	66.10	69.40	69.40	58.35	0.297 times
12 Fri Jan 2024	67.45	64.75	70.90	62.70	1.572 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

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 Mro Tek (MRO-TEK)

Date	Monthly Closing Price	Open	High	Low	Volume
24 Wed Jan 2024	63.20	58.60	70.90	57.15	3.374 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, 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 negative, but trend is highly volatile. A longer duration price action analysis might give a better picture of the trend in this stock.

Price action analysis of Mro Tek ( (MRO-TEK) ) 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 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 SELL. Signal strength is Weak and stock is losing momentum.

MACD generated a SELL signal for Mro Tek in short term but the sell signal is initial and weak.

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. Bears are getting stronger in this stock.

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

CCI has generated a SELL signal for Mro Tek in short term and SELL signal is strong!

RSI is generating a BUY signal in short term but buying 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 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 65.53 and Mro Tek (MRO-TEK) 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 Mro Tek (MRO-TEK) stock. Volume based technical analysis of Mro Tek (MRO-TEK) stock is negative.

Mro Tek Stock has given negative 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.