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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 2024-10-01 View latest technical analysis

10 day averaged volume of Mahanagar Telephone is 2461123

Date	Daily Closing Price	Open	High	Low	Volume
01 Tue Oct 2024	54.65	52.00	54.65	51.90	1.538 times
30 Mon Sep 2024	52.05	52.90	53.24	51.56	0.811 times
27 Fri Sep 2024	52.96	53.28	54.35	52.86	0.777 times
26 Thu Sep 2024	53.02	52.89	54.98	52.50	0.945 times
25 Wed Sep 2024	52.74	53.94	54.15	52.65	0.737 times
24 Tue Sep 2024	53.94	54.65	55.00	53.66	0.715 times
23 Mon Sep 2024	54.65	55.30	55.95	54.45	0.913 times
20 Fri Sep 2024	54.98	53.09	55.56	52.61	1.789 times
19 Thu Sep 2024	52.93	55.18	55.91	52.41	1.231 times
18 Wed Sep 2024	54.97	56.00	56.47	54.45	1.158 times

My analysis of stock is bearish for shortterm, and stock might move down till 53.2 or till 50.9. Use a stoploss of 55.13 and if the stock hits stoploss, then it can shoot up till 57.06

Share price targets for Mahanagar Telephone (MTNL)

Target Type	Value
Downside Target	32.55
Downside Target	39.90
Downside Target	45.99
Downside Target	51.56
Downside Target	54.65
Upside Target	56.96
Upside Target	59.00
Upside Target	59.33
Upside Target	60.80
Upside Target	81.56
Upside Target	101.93

Intraday share price targets for Mahanagar Telephone (MTNL)

Target Type	Value
Downside Intraday Target	52.59
Downside Intraday Target	50.53
Upside Intraday Target	55.68
Upside Intraday Target	56.71
Downside Intraday Target	53.62

Weekly technical analysis of Mahanagar Telephone (MTNL)

Date	Weekly Closing Price	Open	High	Low	Volume
01 Tue Oct 2024	54.65	52.90	54.65	51.56	0.575 times
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

Price has moved up 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
01 Tue Oct 2024	54.65	52.00	54.65	51.90	0.047 times
30 Mon Sep 2024	52.05	60.60	60.80	51.56	0.193 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

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 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 negative, but sellers have recently become active on the stock. This cannot be called a strong downtrend, specially if selected time duration is small

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

MACD generated a SELL signal for Mahanagar Telephone in short term and the sell 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 LOWS in short term which reflects strong selling momentum. Bears are weakening, and bulls are picking up momentum!

Ichimoku cloud is of red color and prices are in or above the red cloud Prices appear to be moving up

CCI has generated a buy signal for Mahanagar Telephone in short term but BUY 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

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 53.89 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.