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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 2024-01-31 View latest technical analysis

10 day averaged volume of Mro Tek is 37288

Date	Daily Closing Price	Open	High	Low	Volume
31 Wed Jan 2024	62.75	66.00	66.00	61.65	0.962 times
30 Tue Jan 2024	64.45	63.80	67.40	62.80	1.858 times
29 Mon Jan 2024	62.45	64.50	64.55	61.20	0.319 times
25 Thu Jan 2024	63.15	63.80	63.90	62.15	0.454 times
24 Wed Jan 2024	63.20	62.65	63.90	62.25	0.285 times
23 Tue Jan 2024	62.65	66.20	67.70	62.05	0.416 times
22 Mon Jan 2024	66.20	65.30	68.35	65.30	0.907 times
19 Fri Jan 2024	66.10	66.45	66.75	63.70	1.018 times
18 Thu Jan 2024	65.45	63.90	66.15	58.35	3.14 times
17 Wed Jan 2024	63.00	63.80	65.35	62.45	0.49 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 62 as stoploss in an intra day buy trade for a target of 64.26. However, stock will show a bearish move below 62.

Share price targets for Mro Tek (MRO-TEK)

Target Type	Value
Downside Target	55.15
Downside Target	57.15
Downside Target	60.00
Downside Target	61.20
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	60.17
Downside Intraday Target	57.58
Upside Intraday Target	66.37
Upside Intraday Target	69.98
Upside Intraday Target	63.78

Weekly technical analysis of Mro Tek (MRO-TEK)

Date	Weekly Closing Price	Open	High	Low	Volume
31 Wed Jan 2024	62.75	64.50	67.40	61.20	1.523 times
25 Thu Jan 2024	63.15	65.30	68.35	62.05	0.323 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

Price has moved down 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
31 Wed Jan 2024	62.75	58.60	70.90	57.15	3.655 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 positive, but buyers have become active on the stock recently. This cannot be a definite uptrend, specially if selected time duration is small.

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 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 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 weakening, and bulls are picking up momentum!

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

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 negative zone. This is the SELL 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 64.63 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.