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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 2024-09-27 View latest technical analysis

10 day averaged volume of Mahanagar Telephone is 2843048

Date	Daily Closing Price	Open	High	Low	Volume
27 Fri Sep 2024	52.96	53.28	54.35	52.86	0.673 times
26 Thu Sep 2024	53.02	52.89	54.98	52.50	0.818 times
25 Wed Sep 2024	52.74	53.94	54.15	52.65	0.638 times
24 Tue Sep 2024	53.94	54.65	55.00	53.66	0.619 times
23 Mon Sep 2024	54.65	55.30	55.95	54.45	0.79 times
20 Fri Sep 2024	54.98	53.09	55.56	52.61	1.549 times
19 Thu Sep 2024	52.93	55.18	55.91	52.41	1.066 times
18 Wed Sep 2024	54.97	56.00	56.47	54.45	1.002 times
17 Tue Sep 2024	56.04	57.40	57.40	55.45	0.799 times
16 Mon Sep 2024	56.69	58.48	59.00	56.51	2.282 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 53.6, but if it comes above 53.6, then a intra day buy could be more profitable.
If you take a sell trade below 53.6, then use 53.6 as stoploss and 51 as target. However if you take a buy trade in stock , then use 53.6 as stoploss and 55.72 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	45.99
Downside Target	52.41
Upside Target	55.56
Upside Target	59.00
Upside Target	59.61
Upside Target	60.80
Upside Target	63.74
Upside Target	81.56
Upside Target	101.93

Intraday share price targets for Mahanagar Telephone (MTNL)

Target Type	Value
Downside Intraday Target	51.66
Downside Intraday Target	50.35
Upside Intraday Target	55.11
Upside Intraday Target	57.25
Upside Intraday Target	53.8

Weekly technical analysis of Mahanagar Telephone (MTNL)

Date	Weekly Closing Price	Open	High	Low	Volume
27 Fri Sep 2024	52.96	55.30	55.95	52.50	0.528 times
20 Fri Sep 2024	54.98	58.48	59.00	52.41	0.685 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

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
27 Fri Sep 2024	52.96	60.60	60.80	52.41	0.189 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 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 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 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 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 54.71 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 negative.

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