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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 2024-10-30 View latest technical analysis

10 day averaged volume of Mro Tek is 83378

Date	Daily Closing Price	Open	High	Low	Volume
30 Wed Oct 2024	90.62	88.40	90.89	86.12	0.265 times
29 Tue Oct 2024	86.57	86.95	87.00	82.81	0.302 times
28 Mon Oct 2024	84.36	83.50	86.60	82.00	0.634 times
25 Fri Oct 2024	82.87	84.50	87.21	82.26	0.481 times
24 Thu Oct 2024	86.49	91.90	91.90	85.30	0.697 times
23 Wed Oct 2024	89.48	93.98	93.98	88.20	0.298 times
22 Tue Oct 2024	90.99	92.01	95.90	89.02	0.541 times
21 Mon Oct 2024	92.82	97.00	99.92	91.26	1.479 times
18 Fri Oct 2024	95.17	91.50	95.17	88.61	0.875 times
17 Thu Oct 2024	90.64	92.20	93.34	89.35	2.856 times

My analysis of stock is bearish for shortterm, but stock is semi over sold and there are some chances of seeing a recovery tomorrow. Use 87.7 as stoploss in an intra day buy trade for a target of 96.07. However, stock will show a bearish move below 87.7.

Share price targets for Mro Tek (MRO-TEK)

Target Type	Value
Downside Target	71.10
Downside Target	74.00
Downside Target	82.00
Downside Target	88.00
Upside Target	90.89
Upside Target	95.80
Upside Target	99.92
Upside Target	106.50
Upside Target	113.70
Upside Target	116.20
Upside Target	119.46

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

Target Type	Value
Downside Intraday Target	84.78
Downside Intraday Target	78.95
Upside Intraday Target	93.67
Upside Intraday Target	96.73
Downside Intraday Target	87.84

Weekly technical analysis of Mro Tek (MRO-TEK)

Date	Weekly Closing Price	Open	High	Low	Volume
30 Wed Oct 2024	90.62	83.50	90.89	82.00	0.344 times
25 Fri Oct 2024	82.87	97.00	99.92	82.26	0.349 times
18 Fri Oct 2024	95.17	101.00	101.00	88.61	1.47 times
11 Fri Oct 2024	101.32	106.50	106.50	97.60	1.19 times
04 Wed Sep 2024	112.83	111.42	113.70	102.00	0.446 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
30 Wed Oct 2024	90.62	106.50	106.50	82.00	3.761 times
04 Wed Sep 2024	112.83	111.42	113.70	102.00	0.287 times
30 Fri Aug 2024	111.42	90.10	119.46	88.00	0.252 times
17 Fri May 2024	101.40	83.00	116.20	74.00	2.066 times

Scroll below to view daily charts

Price has moved down 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 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 Weak and stock is losing momentum.

MACD generated a SELL signal for Mro Tek in short term and the sell 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 red color and prices are below the red 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 90.07 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 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.