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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 2024-03-01 View latest technical analysis

10 day averaged volume of Mro Tek is 77931

Date	Daily Closing Price	Open	High	Low	Volume
01 Fri Mar 2024	79.25	79.80	80.85	78.10	0.273 times
29 Thu Feb 2024	79.15	79.80	79.95	77.25	0.352 times
28 Wed Feb 2024	78.00	81.95	83.50	76.70	0.606 times
27 Tue Feb 2024	81.75	81.85	84.05	81.25	0.427 times
26 Mon Feb 2024	81.85	84.00	85.90	80.30	0.604 times
23 Fri Feb 2024	83.70	85.75	86.50	83.00	0.543 times
22 Thu Feb 2024	84.55	81.80	86.70	81.00	0.95 times
21 Wed Feb 2024	80.80	86.90	86.90	78.65	0.842 times
20 Tue Feb 2024	85.65	85.45	88.40	83.65	0.731 times
19 Mon Feb 2024	84.80	86.70	88.40	83.70	0.848 times

My analysis of stock is bearish for shortterm, and stock might move down till 77 or till 71.9. Use a stoploss of 81.33 and if the stock hits stoploss, then it can shoot up till 85.61

Share price targets for Mro Tek (MRO-TEK)

Target Type	Value
Downside Target	55.55
Downside Target	57.15
Downside Target	60.00
Downside Target	61.20
Downside Target	68.45
Downside Target	70.90
Downside Target	76.70
Upside Target	80.85
Upside Target	85.90
Upside Target	88.40
Upside Target	91.00
Upside Target	94.70

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

Target Type	Value
Downside Intraday Target	75.33
Downside Intraday Target	71.42
Upside Intraday Target	84.53
Upside Intraday Target	89.82
Upside Intraday Target	80.62

Weekly technical analysis of Mro Tek (MRO-TEK)

Date	Weekly Closing Price	Open	High	Low	Volume
01 Fri Mar 2024	79.25	84.00	85.90	76.70	0.578 times
23 Fri Feb 2024	83.70	86.70	88.40	78.65	0.193 times
16 Fri Feb 2024	85.85	81.35	91.00	71.70	0.457 times
09 Fri Feb 2024	80.95	63.65	94.70	63.40	14.576 times
02 Fri Feb 2024	63.40	64.50	68.45	61.20	3.087 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
01 Fri Mar 2024	79.25	79.80	80.85	78.10	0.004 times
29 Thu Feb 2024	79.15	63.35	94.70	62.00	3.223 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

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 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 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 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 is trading near its recent LOWS in short term which reflects strong selling momentum. 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 buy signal for Mro Tek in short term but BUY signal is weak.

RSI is generating a BUY signal in short term but buying is losing 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 82.49 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.