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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 2024-02-07 View latest technical analysis

10 day averaged volume of Mro Tek is 153897

Date	Daily Closing Price	Open	High	Low	Volume
07 Wed Feb 2024	83.90	88.00	94.70	81.00	10.956 times
06 Tue Feb 2024	82.85	69.95	82.85	69.30	6.38 times
05 Mon Feb 2024	69.05	63.65	70.00	63.40	1.798 times
02 Fri Feb 2024	63.40	66.35	66.35	62.80	0.152 times
01 Thu Feb 2024	64.90	63.35	68.45	62.00	0.629 times
31 Wed Jan 2024	62.75	66.00	66.00	61.65	0.233 times
30 Tue Jan 2024	64.45	63.80	67.40	62.80	0.45 times
29 Mon Jan 2024	62.45	64.50	64.55	61.20	0.077 times
25 Thu Jan 2024	63.15	63.80	63.90	62.15	0.11 times
24 Wed Jan 2024	63.20	62.65	63.90	62.25	0.069 times

Stock of Mro Tek (MRO-TEK) has showed a significant upmove. This could be a good time to enter in this stock!

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 79.5, for a target of 72.5 or 66.71

Share price targets for Mro Tek (MRO-TEK)

Target Type	Value
Downside Target	55.15
Downside Target	57.15
Downside Target	58.35
Downside Target	60.00
Downside Target	61.20
Downside Target	68.35
Downside Target	68.45
Downside Target	69.40
Downside Target	70.80
Downside Target	70.90
Upside Target	94.70

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

Target Type	Value
Downside Intraday Target	66.63
Downside Intraday Target	49.37
Upside Intraday Target	97.93
Upside Intraday Target	111.97
Downside Intraday Target	80.67

Weekly technical analysis of Mro Tek (MRO-TEK)

Date	Weekly Closing Price	Open	High	Low	Volume
07 Wed Feb 2024	83.90	63.65	94.70	63.40	12.41 times
02 Fri Feb 2024	63.40	64.50	68.45	61.20	3.087 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

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
07 Wed Feb 2024	83.90	63.35	94.70	62.00	1.758 times
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

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 gaining 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 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 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 80.66 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.