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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 2024-10-17 View latest technical analysis

10 day averaged volume of Mahanagar Telephone is 5989664

Date	Daily Closing Price	Open	High	Low	Volume
17 Thu Oct 2024	50.02	51.78	52.20	49.80	0.337 times
16 Wed Oct 2024	51.59	52.18	53.04	51.50	0.301 times
15 Tue Oct 2024	52.39	53.69	53.79	52.00	0.366 times
14 Mon Oct 2024	53.62	50.70	55.40	50.20	2.152 times
11 Fri Oct 2024	50.94	51.79	51.80	50.64	0.22 times
10 Thu Oct 2024	50.85	51.79	52.25	50.62	0.399 times
09 Wed Oct 2024	51.44	51.50	53.10	51.10	0.608 times
08 Tue Oct 2024	50.72	49.00	51.75	48.11	1.421 times
07 Mon Oct 2024	52.09	53.20	54.00	52.09	0.501 times
04 Fri Oct 2024	54.84	57.79	59.00	54.51	1.075 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 51.2, but if it comes above 51.2, then a intra day buy could be more profitable.
If you take a sell trade below 51.2, then use 51.2 as stoploss and 49.1 as target. However if you take a buy trade in stock , then use 51.2 as stoploss and 52.87 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	48.11
Downside Target	49.80
Upside 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	48.08
Downside Intraday Target	46.14
Upside Intraday Target	53.68
Upside Intraday Target	57.34
Upside Intraday Target	51.74

Weekly technical analysis of Mahanagar Telephone (MTNL)

Date	Weekly Closing Price	Open	High	Low	Volume
17 Thu Oct 2024	50.02	50.70	55.40	49.80	1.002 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 down 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
17 Thu Oct 2024	50.02	52.00	59.00	48.11	0.824 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 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 short to mid 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

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 gaining momentum.

MACD generated a SELL signal for Mahanagar Telephone in short term and the sell signal is strong.

Mahanagar Telephone Stock is trading near its recent LOWS in short term which reflects strong selling momentum. Bears 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 SELL signal for Mahanagar Telephone in short term and SELL signal is strong!

RSI is generating a BUY signal in short term but buying is losing 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 52.42 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.