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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 2024-04-22 View latest technical analysis

10 day averaged volume of Mro Tek is 262866

Date	Daily Closing Price	Open	High	Low	Volume
22 Mon Apr 2024	82.35	80.05	83.15	80.05	0.218 times
19 Fri Apr 2024	80.20	77.35	81.50	77.35	0.132 times
18 Thu Apr 2024	80.50	82.00	83.65	79.35	0.265 times
16 Tue Apr 2024	81.30	78.15	84.85	78.15	0.311 times
15 Mon Apr 2024	79.45	83.30	83.70	78.15	0.396 times
12 Fri Apr 2024	83.30	83.65	89.85	82.10	1.021 times
10 Wed Apr 2024	84.60	92.00	95.80	83.50	2.438 times
09 Tue Apr 2024	91.55	76.00	91.55	75.70	5.273 times
08 Mon Apr 2024	76.30	76.50	78.00	75.30	0.053 times
05 Fri Apr 2024	76.50	76.65	78.00	75.85	0.068 times

My analysis of stock is bullish for shortterm, but stock is in semi over bought zones and there are some chances of seeing a fall tomorrow. Use 83.8 as stoploss in an intra day sell trade for a target of 77.5. However, stock will show a bullish move above 83.8.

Share price targets for Mro Tek (MRO-TEK)

Target Type	Value
Downside Target	55.55
Downside Target	57.15
Downside Target	62.00
Downside Target	70.40
Downside Target	75.30
Downside Target	76.90
Downside Target	80.05
Downside Target	81.95
Upside Target	83.15
Upside Target	84.50
Upside Target	84.85
Upside Target	94.70
Upside Target	95.80

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

Target Type	Value
Downside Intraday Target	80.55
Downside Intraday Target	78.75
Upside Intraday Target	83.65
Upside Intraday Target	84.95
Downside Intraday Target	81.85

Weekly technical analysis of Mro Tek (MRO-TEK)

Date	Weekly Closing Price	Open	High	Low	Volume
22 Mon Apr 2024	82.35	80.05	83.15	80.05	0.198 times
19 Fri Apr 2024	80.20	83.30	84.85	77.35	0.126 times
12 Fri Apr 2024	83.30	76.50	95.80	75.30	11.71 times
05 Fri Apr 2024	76.50	71.10	81.95	71.10	1.387 times
28 Thu Mar 2024	71.00	75.95	76.90	70.40	0.108 times

Price has moved up 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
22 Mon Apr 2024	82.35	71.10	95.80	71.10	1.535 times
28 Thu Mar 2024	71.00	79.80	84.50	57.65	0.331 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

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 trend is highly volatile. A longer time period analysis might give a better idea of the trend.

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 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 LOWS in short term which reflects strong selling momentum. Bears are weakening, and bulls are picking up momentum!

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

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 87.46 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 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.