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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 2024-03-02 View latest technical analysis

10 day averaged volume of Mahanagar Telephone is 5843587

Date	Daily Closing Price	Open	High	Low	Volume
02 Sat Mar 2024	43.85	44.00	44.15	43.60	0.054 times
01 Fri Mar 2024	43.80	43.55	44.40	43.35	0.523 times
29 Thu Feb 2024	42.95	43.40	43.85	41.80	0.752 times
28 Wed Feb 2024	43.45	45.15	46.50	43.10	1.223 times
27 Tue Feb 2024	45.15	44.50	47.20	44.30	1.549 times
26 Mon Feb 2024	44.75	44.85	45.50	44.05	0.527 times
23 Fri Feb 2024	45.05	45.90	47.00	44.55	0.692 times
22 Thu Feb 2024	45.60	46.25	46.30	44.00	1.049 times
21 Wed Feb 2024	45.90	47.00	47.45	45.25	1.102 times
20 Tue Feb 2024	46.70	45.00	49.05	44.65	1.942 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 42.7 as stoploss in an intra day buy trade for a target of 45.22. However, stock will show a bearish move below 42.7.

Share price targets for Mahanagar Telephone (MTNL)

Target Type	Value
Downside Target	26.80
Downside Target	28.60
Downside Target	30.05
Downside Target	32.15
Downside Target	35.80
Downside Target	37.00
Downside Target	41.80
Downside Target	42.65
Upside Target	47.20
Upside Target	48.50
Upside Target	49.05
Upside Target	51.80
Upside Target	52.40

Intraday share price targets for Mahanagar Telephone (MTNL)

Target Type	Value
Downside Intraday Target	41.37
Downside Intraday Target	38.88
Upside Intraday Target	46.77
Upside Intraday Target	49.68
Upside Intraday Target	44.28

Weekly technical analysis of Mahanagar Telephone (MTNL)

Date	Weekly Closing Price	Open	High	Low	Volume
02 Sat Mar 2024	43.85	44.85	47.20	41.80	0.853 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 down 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
02 Sat Mar 2024	43.85	43.55	44.40	43.35	0.013 times
29 Thu Feb 2024	42.95	50.60	52.40	37.00	0.525 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

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 Mahanagar Telephone (MTNL)

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 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 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 Weak 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 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 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 but BUY signal is weak.

RSI is generating a BUY signal in short term but buying is losing momentum.

MRSI is in positive zone. This is a BUY zone

Stock of Mahanagar Telephone is picking up buying momentum according to indicator.

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 45.1 and Mahanagar Telephone (MTNL) stock is trading below this level. This means that stock is falling with high volumes. VWAP is falling down

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 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.