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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 2024-08-27 View latest technical analysis

10 day averaged volume of Mro Tek is 640141

Date	Daily Closing Price	Open	High	Low	Volume
27 Tue Aug 2024	115.25	110.99	119.46	108.91	0.882 times
26 Mon Aug 2024	108.60	100.00	108.60	99.00	0.233 times
23 Fri Aug 2024	98.73	88.23	98.86	88.21	0.545 times
22 Thu Aug 2024	89.88	90.65	94.44	89.00	0.107 times
21 Wed Aug 2024	91.99	91.50	93.44	91.03	0.056 times
20 Tue Aug 2024	91.01	94.40	94.40	88.00	0.112 times
19 Mon Aug 2024	93.23	90.10	94.80	88.30	0.105 times
17 Fri May 2024	101.40	101.35	103.35	101.35	0.438 times
16 Thu May 2024	112.60	111.90	116.20	110.25	1.205 times
15 Wed May 2024	108.40	101.50	111.90	101.50	2.203 times

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 119.1, for a target of 104.3 or 91.91

Share price targets for Mro Tek (MRO-TEK)

Target Type	Value
Downside Target	57.65
Downside Target	62.00
Downside Target	71.10
Downside Target	74.00
Downside Target	80.95
Downside Target	82.95
Downside Target	88.00
Downside Target	94.70
Downside Target	98.86
Downside Target	99.00
Upside Target	116.20
Upside Target	119.46

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

Target Type	Value
Downside Intraday Target	103.01
Downside Intraday Target	90.78
Upside Intraday Target	123.47
Upside Intraday Target	131.7
Downside Intraday Target	111.24

Weekly technical analysis of Mro Tek (MRO-TEK)

Date	Weekly Closing Price	Open	High	Low	Volume
27 Tue Aug 2024	115.25	100.00	119.46	99.00	1.205 times
23 Fri Aug 2024	98.73	90.10	98.86	88.00	0.093 times
17 Fri May 2024	101.40	77.50	116.20	75.00	70.705 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

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
27 Tue Aug 2024	115.25	90.10	119.46	88.00	0.198 times
17 Fri May 2024	101.40	83.00	116.20	74.00	2.066 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

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 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 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 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 and the buying is gaining momentum.

MRSI is in positive zone. This is a BUY zone

Although the stock is in the BUY zone, but buying 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 107.78 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.