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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 2024-08-13 View latest technical analysis

10 day averaged volume of Mahanagar Telephone is 25537686

Date	Daily Closing Price	Open	High	Low	Volume
13 Tue Aug 2024	59.96	63.40	63.54	59.87	0.451 times
12 Mon Aug 2024	63.03	61.50	65.33	60.06	1.361 times
09 Fri Aug 2024	63.23	66.99	66.99	63.23	1.139 times
08 Thu Aug 2024	66.56	70.90	71.87	66.56	1.088 times
07 Wed Aug 2024	70.07	65.50	71.14	64.37	4.652 times
06 Tue Aug 2024	67.76	70.76	71.33	67.76	0.548 times
05 Mon Aug 2024	71.33	71.33	71.33	71.33	0.026 times
02 Fri Aug 2024	75.09	75.09	75.09	75.09	0.036 times
01 Thu Aug 2024	79.05	80.00	81.56	79.05	1.08 times
31 Wed Jul 2024	83.22	83.22	83.22	83.22	0.028 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 63.2, but if it comes above 63.2, then a intra day buy could be more profitable.
If you take a sell trade below 63.2, then use 63.2 as stoploss and 48.8 as target. However if you take a buy trade in stock , then use 63.2 as stoploss and 75.18 as target.

Share price targets for Mahanagar Telephone (MTNL)

Target Type	Value
Downside Target	32.55
Downside Target	33.20
Downside Target	39.65
Downside Target	41.35
Downside Target	45.99
Downside Target	59.87
Upside Target	63.23
Upside Target	65.33
Upside Target	70.25
Upside Target	75.09
Upside Target	81.56
Upside Target	97.08
Upside Target	101.93

Intraday share price targets for Mahanagar Telephone (MTNL)

Target Type	Value
Downside Intraday Target	58.11
Downside Intraday Target	56.26
Upside Intraday Target	63.57
Upside Intraday Target	67.18
Upside Intraday Target	61.72

Weekly technical analysis of Mahanagar Telephone (MTNL)

Date	Weekly Closing Price	Open	High	Low	Volume
13 Tue Aug 2024	59.96	61.50	65.33	59.87	0.243 times
09 Fri Aug 2024	63.23	71.33	71.87	63.23	3.727 times
02 Fri Aug 2024	75.09	99.40	101.93	75.09	0.237 times
26 Fri Jul 2024	97.08	70.48	97.08	70.25	0.476 times
19 Fri Jul 2024	69.32	46.30	70.48	46.13	6.455 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
13 Tue Aug 2024	59.96	80.00	81.56	59.87	0.341 times
31 Wed Jul 2024	83.22	42.22	101.93	39.90	5.733 times
28 Fri Jun 2024	42.23	39.80	45.99	32.55	2.647 times
31 Fri May 2024	37.00	39.20	39.65	33.20	0.66 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 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 SELL. 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 is trading near its recent LOWS in short term which reflects strong selling momentum. Bears 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 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 negative zone. This is the SELL 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 68.46 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.