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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 2024-05-06 View latest technical analysis

10 day averaged volume of Mahanagar Telephone is 4256502

Date	Daily Closing Price	Open	High	Low	Volume
06 Mon May 2024	36.60	38.25	38.40	36.30	0.398 times
03 Fri May 2024	38.00	38.30	38.40	37.60	0.601 times
02 Thu May 2024	38.05	39.20	39.65	38.00	1.047 times
30 Tue Apr 2024	38.95	37.75	41.35	37.10	2.834 times
29 Mon Apr 2024	37.60	37.80	38.40	37.20	0.564 times
26 Fri Apr 2024	37.55	37.65	38.30	36.95	0.652 times
25 Thu Apr 2024	37.45	37.25	38.00	36.80	0.494 times
24 Wed Apr 2024	37.25	38.35	38.60	36.95	0.582 times
23 Tue Apr 2024	37.95	36.30	39.70	35.85	2.317 times
22 Mon Apr 2024	36.10	35.45	36.35	35.30	0.466 times

My analysis of stock is bearish for shortterm, and stock might move down till 35.9 or till 34.2. Use a stoploss of 37.26 and if the stock hits stoploss, then it can shoot up till 38.65

Share price targets for Mahanagar Telephone (MTNL)

Target Type	Value
Downside Target	31.20
Downside Target	32.15
Downside Target	33.25
Downside Target	34.20
Downside Target	35.30
Downside Target	36.30
Upside Target	38.40
Upside Target	39.65
Upside Target	40.75
Upside Target	41.35
Upside Target	44.40
Upside Target	51.80
Upside Target	52.40

Intraday share price targets for Mahanagar Telephone (MTNL)

Target Type	Value
Downside Intraday Target	35.8
Downside Intraday Target	35
Upside Intraday Target	37.9
Upside Intraday Target	39.2
Upside Intraday Target	37.1

Weekly technical analysis of Mahanagar Telephone (MTNL)

Date	Weekly Closing Price	Open	High	Low	Volume
06 Mon May 2024	36.60	38.25	38.40	36.30	0.079 times
03 Fri May 2024	38.00	37.80	41.35	37.10	1.118 times
26 Fri Apr 2024	37.55	35.45	39.70	35.30	1.962 times
19 Fri Apr 2024	35.05	35.95	36.90	34.20	0.744 times
12 Fri Apr 2024	36.65	39.75	40.75	36.45	0.626 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
06 Mon May 2024	36.60	39.20	39.65	36.30	0.112 times
30 Tue Apr 2024	38.95	33.45	41.35	33.25	1.196 times
28 Thu Mar 2024	32.80	43.55	44.40	31.20	0.249 times
29 Thu Feb 2024	42.95	50.60	52.40	37.00	0.525 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 negative, but trend is highly volatile. A longer duration price action analysis might give a better picture of the trend in this stock.

Price action analysis of Mahanagar Telephone ( (MTNL) ) 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 Mahanagar Telephone ( (MTNL) ) based on a mid to longer 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.

ADX buy sell signal for Mahanagar Telephone stock for short term is BUY. Signal strength is Strong and stock is losing momentum.

MACD generated a BUY signal for Mahanagar Telephone in short term but the buy 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. Bears are getting stronger in this stock.

Ichimoku cloud is of red color and prices are below the red cloud Prices appear to be coming down

CCI has generated a SELL signal for Mahanagar Telephone in short term and SELL signal is strong!

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 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 38 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.