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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 2024-05-15 View latest technical analysis

10 day averaged volume of Mro Tek is 417683

Date	Daily Closing Price	Open	High	Low	Volume
15 Wed May 2024	108.40	101.50	111.90	101.50	3.377 times
14 Tue May 2024	100.90	92.65	106.50	87.10	7.658 times
13 Mon May 2024	90.70	77.50	90.70	75.00	1.727 times
10 Fri May 2024	75.60	74.00	76.05	74.00	0.034 times
09 Thu May 2024	75.55	78.60	79.50	75.00	0.049 times
08 Wed May 2024	78.55	78.45	79.90	78.05	0.032 times
07 Tue May 2024	78.50	79.05	79.95	78.00	0.048 times
06 Mon May 2024	79.50	82.95	82.95	78.55	0.053 times
03 Fri May 2024	81.85	84.05	84.85	80.95	0.106 times
02 Thu May 2024	83.90	83.00	85.80	82.00	0.201 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 100.8, for a target of 91.5 or 83.7

Share price targets for Mro Tek (MRO-TEK)

Target Type	Value
Downside Target	57.15
Downside Target	62.00
Downside Target	70.90
Downside Target	74.00
Downside Target	77.35
Downside Target	80.05
Downside Target	82.95
Downside Target	85.80
Downside Target	86.50
Downside Target	94.70
Downside Target	95.80
Upside Target	111.90

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

Target Type	Value
Downside Intraday Target	84.97
Downside Intraday Target	61.53
Upside Intraday Target	121.87
Upside Intraday Target	135.33
Downside Intraday Target	98.43

Weekly technical analysis of Mro Tek (MRO-TEK)

Date	Weekly Closing Price	Open	High	Low	Volume
15 Wed May 2024	108.40	77.50	111.90	75.00	59.056 times
10 Fri May 2024	75.60	82.95	82.95	74.00	0.492 times
03 Fri May 2024	81.85	84.00	85.80	80.95	0.536 times
26 Fri Apr 2024	82.00	80.05	86.50	80.05	1.18 times
19 Fri Apr 2024	80.20	83.30	84.85	77.35	0.126 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
15 Wed May 2024	108.40	83.00	111.90	74.00	1.737 times
30 Tue Apr 2024	82.00	71.10	95.80	71.10	1.718 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

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 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 mid to longer 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.

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 and the buying is gaining 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 100.69 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.