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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 2024-11-19 View latest technical analysis

10 day averaged volume of Mahanagar Telephone is 2660155

Date	Daily Closing Price	Open	High	Low	Volume
19 Tue Nov 2024	43.94	44.12	45.69	43.35	0.821 times
18 Mon Nov 2024	44.16	43.26	45.34	42.23	1.068 times
14 Thu Nov 2024	44.33	43.82	45.09	43.40	0.97 times
13 Wed Nov 2024	44.03	46.44	46.90	43.70	1.344 times
12 Tue Nov 2024	47.31	48.72	50.20	46.25	1.059 times
11 Mon Nov 2024	48.37	48.70	50.25	47.56	0.922 times
08 Fri Nov 2024	48.57	49.85	50.35	48.31	0.827 times
07 Thu Nov 2024	50.09	50.90	51.94	50.00	1.122 times
06 Wed Nov 2024	50.78	48.37	51.70	48.15	1.611 times
05 Tue Nov 2024	48.13	47.80	48.45	47.53	0.513 times

Although my analysis for stock is bearish for shortterm, but stock is in heavy over sold zones and there are high chances of some recovery tomorrow. You might want to buy the stock tomorrow in intra day with a stoploss of 43.1, for a target of 45.6 or 47.67

Share price targets for Mahanagar Telephone (MTNL)

Target Type	Value
Downside Target	39.90
Downside Target	42.23
Downside Target	43.40
Upside Target	45.32
Upside Target	47.53
Upside Target	49.69
Upside Target	51.56
Upside Target	52.48
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	42.22
Downside Intraday Target	40.49
Upside Intraday Target	45.68
Upside Intraday Target	47.41
Upside Intraday Target	43.95

Weekly technical analysis of Mahanagar Telephone (MTNL)

Date	Weekly Closing Price	Open	High	Low	Volume
19 Tue Nov 2024	43.94	43.26	45.69	42.23	0.44 times
14 Thu Nov 2024	44.33	48.70	50.25	43.40	0.926 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

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
19 Tue Nov 2024	43.94	48.93	51.94	42.23	0.271 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 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 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 SELL. Signal strength is Strong and stock is losing 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 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 buy signal for Mahanagar Telephone in short term but BUY signal is weak.

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

Stock of Mahanagar Telephone is picking up buying momentum according to indicator.

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 47.09 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.