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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 2024-06-13 View latest technical analysis

10 day averaged volume of Mahanagar Telephone is 6644803

Date	Daily Closing Price	Open	High	Low	Volume
13 Thu Jun 2024	42.16	43.15	43.98	41.81	0.982 times
12 Wed Jun 2024	42.83	42.24	44.78	42.00	2.524 times
11 Tue Jun 2024	42.02	38.00	43.10	37.92	3.118 times
10 Mon Jun 2024	37.72	37.75	38.63	37.61	0.349 times
07 Fri Jun 2024	37.45	36.55	37.70	36.35	0.484 times
06 Thu Jun 2024	36.10	34.55	37.05	34.55	0.389 times
05 Wed Jun 2024	35.45	35.00	36.40	32.55	0.57 times
04 Tue Jun 2024	35.80	39.35	39.35	35.80	0.812 times
03 Mon Jun 2024	39.75	39.80	40.50	38.50	1.196 times
31 Fri May 2024	37.00	37.10	37.55	36.20	0.252 times

Although my analysis for stock is bullish for shortterm, but stock is over bought and there are high chances of some profit booking tomorrow. You might want to sell the stock tomorrow in intra day with a stoploss of 42.5, for a target of 40.1 or 38.04

Share price targets for Mahanagar Telephone (MTNL)

Target Type	Value
Downside Target	31.20
Downside Target	32.55
Downside Target	33.20
Downside Target	36.20
Downside Target	37.00
Downside Target	38.50
Downside Target	39.35
Downside Target	40.50
Downside Target	41.35
Upside Target	44.40
Upside Target	44.78
Upside Target	52.40

Intraday share price targets for Mahanagar Telephone (MTNL)

Target Type	Value
Downside Intraday Target	38.25
Downside Intraday Target	34.35
Upside Intraday Target	45.42
Upside Intraday Target	48.69
Downside Intraday Target	41.52

Weekly technical analysis of Mahanagar Telephone (MTNL)

Date	Weekly Closing Price	Open	High	Low	Volume
13 Thu Jun 2024	42.16	37.75	44.78	37.61	2.02 times
07 Fri Jun 2024	37.45	39.80	40.50	32.55	1.717 times
31 Fri May 2024	37.00	38.90	39.55	36.20	1.269 times
24 Fri May 2024	38.20	37.60	39.35	37.05	0.756 times
18 Sat May 2024	37.35	34.70	38.50	33.20	2.162 times

Price has moved up this week, and volume has increased substantially. This means that the move can continue in coming weeks.

Monthly technical analysis of Mahanagar Telephone (MTNL)

Date	Monthly Closing Price	Open	High	Low	Volume
13 Thu Jun 2024	42.16	39.80	44.78	32.55	1.352 times
31 Fri May 2024	37.00	39.20	39.65	33.20	0.66 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

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 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 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 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 losing momentum.

MACD generated a BUY signal for Mahanagar Telephone 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.

Mahanagar Telephone Stock is trading near its recent HIGHS, which reflects strong buying momentum in short term! Bulls are getting stronger in this stock.

Ichimoku cloud is of green color and prices are above the green cloud Prices appear to be coming down

CCI has generated a SELL signal for Mahanagar Telephone in short term but SELL signal is weak.

RSI is generating a BUY signal in short term and the buying is gaining 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 40.46 and Mahanagar Telephone (MTNL) stock is trading above this level. This is a good sign for the stock and it could move higher. 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.