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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 2024-10-03 View latest technical analysis

10 day averaged volume of Mahanagar Telephone is 2612412

Date	Daily Closing Price	Open	High	Low	Volume
03 Thu Oct 2024	56.94	53.83	57.38	53.15	6.779 times
01 Tue Oct 2024	54.65	52.00	54.65	51.90	1.449 times
30 Mon Sep 2024	52.05	52.90	53.24	51.56	0.764 times
27 Fri Sep 2024	52.96	53.28	54.35	52.86	0.732 times
26 Thu Sep 2024	53.02	52.89	54.98	52.50	0.89 times
25 Wed Sep 2024	52.74	53.94	54.15	52.65	0.695 times
24 Tue Sep 2024	53.94	54.65	55.00	53.66	0.673 times
23 Mon Sep 2024	54.65	55.30	55.95	54.45	0.86 times
20 Fri Sep 2024	54.98	53.09	55.56	52.61	1.686 times
19 Thu Sep 2024	52.93	55.18	55.91	52.41	1.16 times

Stock of Mahanagar Telephone (MTNL) has showed a significant upmove. This could be a good time to enter in this stock!

My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 56.9, but if it comes below 56.9, then a intra day sell could be more profitable.
If you take a sell trade below 56.9, then use 56.9 as stoploss and 55.06 as target. However if you take a buy trade in stock , then use 56.9 as stoploss and 59.1 as target.

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	55.56
Upside Target	57.38
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	53.21
Downside Intraday Target	49.47
Upside Intraday Target	59.03
Upside Intraday Target	61.11
Downside Intraday Target	55.29

Weekly technical analysis of Mahanagar Telephone (MTNL)

Date	Weekly Closing Price	Open	High	Low	Volume
03 Thu Oct 2024	56.94	52.90	57.38	51.56	2.335 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, 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
03 Thu Oct 2024	56.94	52.00	57.38	51.90	0.27 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 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 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 negative. This means that there is a strong downtrend in the stock for given time period. Sellers are extremely active on this stock.

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

MACD generated a BUY signal for Mahanagar Telephone in short term but the buy signal is initial and weak.

MACD line is moving upwards which means that SELL signal is weakening, and buying is picking up momentum.

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 in or above the red cloud Prices appear to be moving up

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

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 55.13 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 negative.

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