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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 2024-11-12 View latest technical analysis

10 day averaged volume of Mahanagar Telephone is 2119333

Date	Daily Closing Price	Open	High	Low	Volume
12 Tue Nov 2024	47.31	48.72	50.20	46.25	1.329 times
11 Mon Nov 2024	48.37	48.70	50.25	47.56	1.158 times
08 Fri Nov 2024	48.57	49.85	50.35	48.31	1.038 times
07 Thu Nov 2024	50.09	50.90	51.94	50.00	1.408 times
06 Wed Nov 2024	50.78	48.37	51.70	48.15	2.022 times
05 Tue Nov 2024	48.13	47.80	48.45	47.53	0.644 times
04 Mon Nov 2024	47.81	49.09	49.89	47.62	0.708 times
01 Fri Nov 2024	48.99	48.93	49.20	48.77	0.303 times
31 Thu Oct 2024	48.59	48.65	49.69	48.43	0.672 times
30 Wed Oct 2024	48.47	47.70	49.51	47.69	1.126 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 47.5, but if it comes above 47.5, then a intra day buy could be more profitable.
If you take a sell trade below 47.5, then use 47.5 as stoploss and 45.7 as target. However if you take a buy trade in stock , then use 47.5 as stoploss and 49.06 as target.

Share price targets for Mahanagar Telephone (MTNL)

Target Type	Value
Downside Target	39.90
Downside Target	45.32
Upside Target	47.53
Upside Target	49.69
Upside Target	51.56
Upside Target	52.48
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	45.62
Downside Intraday Target	43.94
Upside Intraday Target	49.62
Upside Intraday Target	51.94
Upside Intraday Target	47.94

Weekly technical analysis of Mahanagar Telephone (MTNL)

Date	Weekly Closing Price	Open	High	Low	Volume
12 Tue Nov 2024	47.31	48.70	50.25	46.25	0.427 times
08 Fri Nov 2024	48.57	49.09	51.94	47.53	1.269 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

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
12 Tue Nov 2024	47.31	48.93	51.94	46.25	0.168 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 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 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 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 SELL. Signal strength is Strong and stock is gaining momentum.

MACD generated a BUY signal for Mahanagar Telephone in short term but the buy signal is initial and weak.

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 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 48.95 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 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.