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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 2024-10-16 View latest technical analysis

10 day averaged volume of Mahanagar Telephone is 6187532

Date	Daily Closing Price	Open	High	Low	Volume
16 Wed Oct 2024	51.59	52.18	53.04	51.50	0.292 times
15 Tue Oct 2024	52.39	53.69	53.79	52.00	0.355 times
14 Mon Oct 2024	53.62	50.70	55.40	50.20	2.083 times
11 Fri Oct 2024	50.94	51.79	51.80	50.64	0.213 times
10 Thu Oct 2024	50.85	51.79	52.25	50.62	0.386 times
09 Wed Oct 2024	51.44	51.50	53.10	51.10	0.588 times
08 Tue Oct 2024	50.72	49.00	51.75	48.11	1.376 times
07 Mon Oct 2024	52.09	53.20	54.00	52.09	0.485 times
04 Fri Oct 2024	54.84	57.79	59.00	54.51	1.041 times
03 Thu Oct 2024	56.94	53.83	57.38	53.15	2.862 times

My analysis of stock is bearish for shortterm, but stock is semi over sold and there are some chances of seeing a recovery tomorrow. Use 51.5 as stoploss in an intra day buy trade for a target of 53.12. However, stock will show a bearish move below 51.5.

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	49.39
Downside Intraday Target	47.2
Upside Intraday Target	54.59
Upside Intraday Target	57.6
Upside Intraday Target	52.4

Weekly technical analysis of Mahanagar Telephone (MTNL)

Date	Weekly Closing Price	Open	High	Low	Volume
16 Wed Oct 2024	51.59	50.70	55.40	50.20	0.895 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
16 Wed Oct 2024	51.59	52.00	59.00	48.11	0.799 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 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 positive! This means that there is a strong uptrend in the stock for the given time period. Buyers are extremely bullish on the stock.

Price action analysis of Mahanagar Telephone ( (MTNL) ) based on a short to mid term time period is negative, but trend is highly volatile. A longer duration price action analysis might give a better picture of the trend in 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 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 positive zone. This is a BUY zone

Although the stock is in the BUY zone, but buying 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 53.84 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.