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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 2024-10-04 View latest technical analysis

10 day averaged volume of Mahanagar Telephone is 4098436

Date	Daily Closing Price	Open	High	Low	Volume
04 Fri Oct 2024	54.84	57.79	59.00	54.51	1.571 times
03 Thu Oct 2024	56.94	53.83	57.38	53.15	4.321 times
01 Tue Oct 2024	54.65	52.00	54.65	51.90	0.923 times
30 Mon Sep 2024	52.05	52.90	53.24	51.56	0.487 times
27 Fri Sep 2024	52.96	53.28	54.35	52.86	0.467 times
26 Thu Sep 2024	53.02	52.89	54.98	52.50	0.568 times
25 Wed Sep 2024	52.74	53.94	54.15	52.65	0.443 times
24 Tue Sep 2024	53.94	54.65	55.00	53.66	0.429 times
23 Mon Sep 2024	54.65	55.30	55.95	54.45	0.548 times
20 Fri Sep 2024	54.98	53.09	55.56	52.61	1.075 times

My analysis of stock is bearish for shortterm, and stock might move down till 53.2 or till 51.1. Use a stoploss of 54.91 and if the stock hits stoploss, then it can shoot up till 56.63

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
Upside Target	55.56
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	51.27
Downside Intraday Target	47.69
Upside Intraday Target	58.71
Upside Intraday Target	62.57
Upside Intraday Target	55.13

Weekly technical analysis of Mahanagar Telephone (MTNL)

Date	Weekly Closing Price	Open	High	Low	Volume
04 Fri Oct 2024	54.84	52.90	59.00	51.56	2.975 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
04 Fri Oct 2024	54.84	52.00	59.00	51.90	0.35 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 buyers have become active on the stock recently. This cannot be a definite uptrend, specially if selected time duration is small.

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 BUY. Signal strength is Weak and stock is gaining 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 below the red cloud Prices appear to be coming down

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 55.24 and Mahanagar Telephone (MTNL) stock is trading below this level. This means that stock is falling with high volumes. 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.