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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 2024-03-12 View latest technical analysis

10 day averaged volume of Mro Tek is 32243

Date	Daily Closing Price	Open	High	Low	Volume
12 Tue Mar 2024	62.55	71.00	71.80	61.55	2.58 times
11 Mon Mar 2024	69.90	75.05	76.85	68.20	1.613 times
07 Thu Mar 2024	75.05	75.90	76.70	74.00	0.568 times
06 Wed Mar 2024	75.70	79.40	80.90	75.40	0.962 times
05 Tue Mar 2024	79.30	78.05	81.70	74.10	2.312 times
04 Mon Mar 2024	78.15	79.50	80.50	77.55	0.388 times
02 Sat Mar 2024	79.15	81.00	81.00	78.10	0.148 times
01 Fri Mar 2024	79.25	79.80	80.85	78.10	0.661 times
29 Thu Feb 2024	79.15	79.80	79.95	77.25	0.85 times
28 Wed Feb 2024	78.00	81.95	83.50	76.70	1.465 times

Stock of Mro Tek (MRO-TEK) has showed a significant fall. This could be a good time to exit from this stock.

Although my analysis for stock is bearish for shortterm, but stock is in heavy over sold zones and there are high chances of some recovery tomorrow. You might want to buy the stock tomorrow in intra day with a stoploss of 67.5, for a target of 74 or 79.52

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	61.55
Upside Target	70.90
Upside Target	74.00
Upside Target	76.70
Upside Target	78.65
Upside Target	81.70
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	57.12
Downside Intraday Target	51.68
Upside Intraday Target	72.42
Upside Intraday Target	82.28
Upside Intraday Target	66.98

Weekly technical analysis of Mro Tek (MRO-TEK)

Date	Weekly Closing Price	Open	High	Low	Volume
12 Tue Mar 2024	62.55	75.05	76.85	61.55	0.991 times
07 Thu Mar 2024	75.05	79.50	81.70	74.00	0.753 times
02 Sat Mar 2024	79.15	84.00	85.90	76.70	0.594 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

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
12 Tue Mar 2024	62.55	79.80	81.70	61.55	0.053 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 down 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 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 Strong and stock is gaining 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 red color and prices are below the red 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 SELL signal in short term and selling is picking up 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 73.52 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 negative.

Force Index is moving in a negative zone, which indicates selling momentum for short term... Selling momentum is getting weaker.