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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 2024-09-16 View latest technical analysis

10 day averaged volume of Mahanagar Telephone is 4860528

Date	Daily Closing Price	Open	High	Low	Volume
16 Mon Sep 2024	56.69	58.48	59.00	56.51	1.335 times
13 Fri Sep 2024	59.33	59.33	59.33	59.33	0.255 times
12 Thu Sep 2024	56.51	56.40	56.51	55.27	1.702 times
11 Wed Sep 2024	53.82	56.39	56.49	53.30	0.887 times
10 Tue Sep 2024	56.07	55.74	58.09	55.60	1.627 times
09 Mon Sep 2024	55.33	55.69	57.00	54.52	1.251 times
06 Fri Sep 2024	55.73	58.30	58.38	55.56	0.807 times
05 Thu Sep 2024	57.86	58.70	59.14	56.70	0.947 times
04 Wed Sep 2024	58.29	58.40	60.15	57.60	1.23 times
03 Tue Sep 2024	58.98	59.51	60.25	58.56	0.617 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 56.3 as stoploss in an intra day buy trade for a target of 59.43. However, stock will show a bearish move below 56.3.

Share price targets for Mahanagar Telephone (MTNL)

Target Type	Value
Downside Target	32.55
Downside Target	33.20
Downside Target	39.65
Downside Target	45.99
Downside Target	53.30
Downside Target	55.56
Upside Target	58.41
Upside Target	60.80
Upside Target	63.74
Upside Target	68.45
Upside Target	81.56
Upside Target	101.93

Intraday share price targets for Mahanagar Telephone (MTNL)

Target Type	Value
Downside Intraday Target	55.8
Downside Intraday Target	54.91
Upside Intraday Target	58.29
Upside Intraday Target	59.89
Upside Intraday Target	57.4

Weekly technical analysis of Mahanagar Telephone (MTNL)

Date	Weekly Closing Price	Open	High	Low	Volume
16 Mon Sep 2024	56.69	58.48	59.00	56.51	0.233 times
13 Fri Sep 2024	59.33	55.69	59.33	53.30	1.337 times
06 Fri Sep 2024	55.73	60.60	60.80	55.56	0.569 times
30 Fri Aug 2024	60.32	61.69	63.74	59.61	0.517 times
23 Fri Aug 2024	61.56	59.45	68.45	58.41	0.822 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
16 Mon Sep 2024	56.69	60.60	60.80	53.30	0.134 times
30 Fri Aug 2024	60.32	80.00	81.56	56.96	0.53 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

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 SELL. Signal strength is Strong and stock is gaining momentum.

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

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 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 but SELL signal is weak.

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 56.58 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 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 negative.

Force Index is moving in a negative zone, which indicates selling momentum for short term... Selling momentum is getting weaker.