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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 2024-10-14 View latest technical analysis

10 day averaged volume of Mahanagar Telephone is 5070171

Date	Daily Closing Price	Open	High	Low	Volume
14 Mon Oct 2024	53.62	50.70	55.40	50.20	2.542 times
11 Fri Oct 2024	50.94	51.79	51.80	50.64	0.26 times
10 Thu Oct 2024	50.85	51.79	52.25	50.62	0.471 times
09 Wed Oct 2024	51.44	51.50	53.10	51.10	0.718 times
08 Tue Oct 2024	50.72	49.00	51.75	48.11	1.679 times
07 Mon Oct 2024	52.09	53.20	54.00	52.09	0.592 times
04 Fri Oct 2024	54.84	57.79	59.00	54.51	1.27 times
03 Thu Oct 2024	56.94	53.83	57.38	53.15	3.493 times
01 Tue Oct 2024	54.65	52.00	54.65	51.90	0.746 times
30 Mon Sep 2024	52.05	52.90	53.24	51.56	0.394 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, and stock might move up till 55.4 or till 57.6. Use a stoploss of 53.55 and if this stock hits its stoploss, then it can fall down till 51.7

Share price targets for Mahanagar Telephone (MTNL)

Target Type	Value
Downside Target	32.55
Downside Target	39.90
Downside Target	45.99
Downside Target	48.11
Downside Target	50.20
Downside Target	51.56
Upside Target	54.00
Upside Target	55.40
Upside Target	59.00
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	50.75
Downside Intraday Target	47.87
Upside Intraday Target	55.95
Upside Intraday Target	58.27
Downside Intraday Target	53.07

Weekly technical analysis of Mahanagar Telephone (MTNL)

Date	Weekly Closing Price	Open	High	Low	Volume
14 Mon Oct 2024	53.62	50.70	55.40	50.20	0.683 times
11 Fri Oct 2024	50.94	53.20	54.00	48.11	0.63 times
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

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
14 Mon Oct 2024	53.62	52.00	59.00	48.11	0.749 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 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 BUY. 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. 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 and BUY 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 53.95 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 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.