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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.

10 day averaged volume of Mro Tek is 282863

Date	Daily Closing Price	Open	High	Low	Volume
25 Thu Apr 2024	83.55	83.80	84.80	81.50	0.231 times
24 Wed Apr 2024	82.45	86.00	86.00	81.40	0.131 times
23 Tue Apr 2024	84.50	82.95	86.50	81.50	0.526 times
22 Mon Apr 2024	82.35	80.05	83.15	80.05	0.203 times
19 Fri Apr 2024	80.20	77.35	81.50	77.35	0.122 times
18 Thu Apr 2024	80.50	82.00	83.65	79.35	0.246 times
16 Tue Apr 2024	81.30	78.15	84.85	78.15	0.289 times
15 Mon Apr 2024	79.45	83.30	83.70	78.15	0.368 times
12 Fri Apr 2024	83.30	83.65	89.85	82.10	0.949 times
10 Wed Apr 2024	84.60	92.00	95.80	83.50	2.266 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 84.4 as stoploss in an intra day sell trade for a target of 79.57. However, stock will show a bullish move above 84.4.

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	84.50
Upside Target	84.85
Upside Target	86.50
Upside Target	94.70
Upside Target	95.80

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

Target Type	Value
Downside Intraday Target	80.23
Downside Intraday Target	76.92
Upside Intraday Target	86.68
Upside Intraday Target	89.82
Downside Intraday Target	83.37

Weekly technical analysis of Mro Tek (MRO-TEK)

Date	Weekly Closing Price	Open	High	Low	Volume
25 Thu Apr 2024	83.55	80.05	86.50	80.05	1.064 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
25 Thu Apr 2024	83.55	71.10	95.80	71.10	1.671 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 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 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 neutral. A longer time frame might give a better analysis.

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 in short term is moving inside a range for now. Please check in a day or two to for a better buy sell signal. Bears 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 SELL signal for Mro Tek in short term

RSI is generating a BUY signal in short term but buying is losing 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 83.35 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 positive

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