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(MTNL) Mahanagar Telephone complete technical analysis [charts+indicators] | Buy/Sell Mahanagar Telephone | (MTNL) share price targets

Complete technical analysis of Mahanagar Telephone (MTNL) by charts plus indicators, forecast predictions and share price targets for Mahanagar Telephone (MTNL)

Mahanagar Telephone trades in NSE in Telecom Services sector.

Showing technical analysis as on 2024-02-27 View latest technical analysis

10 day averaged volume of Mahanagar Telephone is 8579929

Date	Daily Closing Price	Open	High	Low	Volume
27 Tue Feb 2024	45.15	44.50	47.20	44.30	1.055 times
26 Mon Feb 2024	44.75	44.85	45.50	44.05	0.359 times
23 Fri Feb 2024	45.05	45.90	47.00	44.55	0.471 times
22 Thu Feb 2024	45.60	46.25	46.30	44.00	0.715 times
21 Wed Feb 2024	45.90	47.00	47.45	45.25	0.751 times
20 Tue Feb 2024	46.70	45.00	49.05	44.65	1.323 times
19 Mon Feb 2024	45.00	46.40	47.00	44.65	0.436 times
16 Fri Feb 2024	45.85	46.95	48.40	45.35	1.069 times
15 Thu Feb 2024	47.05	44.65	47.05	43.60	1.998 times
14 Wed Feb 2024	42.80	37.00	42.80	37.00	1.157 times

My analysis of stock is bearish for shortterm, and stock might move down till 43.4 or till 40.2. Use a stoploss of 46.07 and if the stock hits stoploss, then it can shoot up till 48.73

Share price targets for Mahanagar Telephone (MTNL)

Target Type	Value
Downside Target	25.25
Downside Target	26.80
Downside Target	28.60
Downside Target	30.05
Downside Target	32.15
Downside Target	33.40
Downside Target	35.80
Downside Target	37.00
Downside Target	42.65
Downside Target	44.00
Upside Target	47.20
Upside Target	48.50
Upside Target	51.80
Upside Target	52.40

Intraday share price targets for Mahanagar Telephone (MTNL)

Target Type	Value
Downside Intraday Target	43.73
Downside Intraday Target	42.32
Upside Intraday Target	46.88
Upside Intraday Target	48.62
Upside Intraday Target	45.47

Weekly technical analysis of Mahanagar Telephone (MTNL)

Date	Weekly Closing Price	Open	High	Low	Volume
27 Tue Feb 2024	45.15	44.85	47.20	44.05	0.383 times
23 Fri Feb 2024	45.05	46.40	49.05	44.00	0.504 times
16 Fri Feb 2024	45.85	48.50	48.50	37.00	0.593 times
09 Fri Feb 2024	48.00	45.25	52.40	44.80	0.696 times
02 Fri Feb 2024	45.10	44.25	51.80	42.65	0.738 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 Mahanagar Telephone (MTNL)

Date	Monthly Closing Price	Open	High	Low	Volume
27 Tue Feb 2024	45.15	50.60	52.40	37.00	0.502 times
31 Wed Jan 2024	49.85	33.90	51.80	32.15	2.017 times
29 Fri Dec 2023	33.65	28.65	35.80	28.60	2.976 times
30 Thu Nov 2023	28.70	27.75	30.05	26.80	0.375 times

Scroll below to view daily charts

Price has moved down 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 Mahanagar Telephone (MTNL)

Price action analysis of Mahanagar Telephone ( (MTNL) ) 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 Mahanagar Telephone ( (MTNL) ) 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 Mahanagar Telephone ( (MTNL) ) 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 Mahanagar Telephone ( (MTNL) ) 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 Mahanagar Telephone stock for short term is BUY. Signal strength is Strong and stock is gaining momentum.

MACD generated a SELL signal for Mahanagar Telephone in short term but the sell signal is initial and weak.

Mahanagar Telephone 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. Bulls are getting stronger in this stock.

Ichimoku cloud is of green color and prices are in or below the green cloud Prices appear to be moving up

CCI has generated a buy signal for Mahanagar Telephone 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 Mahanagar Telephone is picking up selling momentum according to indicator.

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 45.63 and Mahanagar Telephone (MTNL) stock is trading below this level. This means that stock is falling with high volumes. VWAP is rising upwards.

People seem to be coming out and selling the Mahanagar Telephone (MTNL) stock. Volume based technical analysis of Mahanagar Telephone (MTNL) stock is negative.

Mahanagar Telephone 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.