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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 2024-11-06 View latest technical analysis

10 day averaged volume of Mahanagar Telephone is 3264420

Date	Daily Closing Price	Open	High	Low	Volume
06 Wed Nov 2024	50.78	48.37	51.70	48.15	1.313 times
05 Tue Nov 2024	48.13	47.80	48.45	47.53	0.418 times
04 Mon Nov 2024	47.81	49.09	49.89	47.62	0.46 times
01 Fri Nov 2024	48.99	48.93	49.20	48.77	0.197 times
31 Thu Oct 2024	48.59	48.65	49.69	48.43	0.436 times
30 Wed Oct 2024	48.47	47.70	49.51	47.69	0.731 times
29 Tue Oct 2024	47.76	47.80	48.29	46.91	0.598 times
28 Mon Oct 2024	47.59	47.00	48.80	46.12	1.016 times
25 Fri Oct 2024	46.89	49.23	49.30	46.52	1.05 times
24 Thu Oct 2024	49.24	52.00	52.48	48.05	1.391 times

My analysis of stock is bullish for shortterm, but stock is in semi over bought zones and there are some chances of seeing a fall tomorrow. Use 51.6 as stoploss in an intra day sell trade for a target of 49.73. However, stock will show a bullish move above 51.6.

Share price targets for Mahanagar Telephone (MTNL)

Target Type	Value
Downside Target	39.90
Downside Target	45.32
Downside Target	47.53
Downside Target	49.69
Upside Target	51.56
Upside Target	54.00
Upside Target	55.40
Upside Target	56.96
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	48.31
Downside Intraday Target	45.83
Upside Intraday Target	52.48
Upside Intraday Target	54.17
Downside Intraday Target	50

Weekly technical analysis of Mahanagar Telephone (MTNL)

Date	Weekly Closing Price	Open	High	Low	Volume
06 Wed Nov 2024	50.78	49.09	51.70	47.53	0.735 times
01 Fri Nov 2024	48.99	47.00	49.69	46.12	0.388 times
25 Fri Oct 2024	46.89	52.05	52.48	45.32	0.905 times
18 Fri Oct 2024	52.06	50.70	55.40	48.31	1.466 times
11 Fri Oct 2024	50.94	53.20	54.00	48.11	0.63 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
06 Wed Nov 2024	50.78	48.93	51.70	47.53	0.072 times
31 Thu Oct 2024	48.59	52.00	59.00	45.32	1.362 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

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 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 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 SELL signal in short term but selling 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 48.58 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 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.