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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 2024-12-03 View latest technical analysis

10 day averaged volume of Mahanagar Telephone is 3092922

Date	Daily Closing Price	Open	High	Low	Volume
03 Tue Dec 2024	49.12	48.91	50.20	48.81	0.752 times
02 Mon Dec 2024	48.91	48.25	49.40	47.02	0.859 times
29 Fri Nov 2024	48.54	49.10	49.98	47.95	0.626 times
28 Thu Nov 2024	48.93	49.20	49.90	48.31	0.794 times
27 Wed Nov 2024	48.61	48.50	49.64	47.71	1.005 times
26 Tue Nov 2024	48.50	50.00	51.45	48.23	2.826 times
25 Mon Nov 2024	47.25	44.25	47.25	43.50	1.077 times
22 Fri Nov 2024	42.96	42.32	43.28	42.00	0.524 times
21 Thu Nov 2024	42.52	44.00	44.41	42.00	0.665 times
19 Tue Nov 2024	43.94	44.12	45.69	43.35	0.706 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 49.6 as stoploss in an intra day sell trade for a target of 47.14. However, stock will show a bullish move above 49.6.

Share price targets for Mahanagar Telephone (MTNL)

Target Type	Value
Downside Target	42.00
Downside Target	43.40
Downside Target	45.32
Downside Target	47.02
Upside Target	50.20
Upside Target	51.45
Upside Target	51.56
Upside Target	51.94
Upside Target	56.96
Upside Target	59.00
Upside Target	60.80
Upside Target	81.56

Intraday share price targets for Mahanagar Telephone (MTNL)

Target Type	Value
Downside Intraday Target	47.36
Downside Intraday Target	45.6
Upside Intraday Target	50.54
Upside Intraday Target	51.96
Downside Intraday Target	48.78

Weekly technical analysis of Mahanagar Telephone (MTNL)

Date	Weekly Closing Price	Open	High	Low	Volume
03 Tue Dec 2024	49.12	48.25	50.20	47.02	0.255 times
29 Fri Nov 2024	48.54	44.25	51.45	43.50	2.249 times
22 Fri Nov 2024	42.96	43.26	45.69	42.00	0.762 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

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
03 Tue Dec 2024	49.12	48.25	50.20	47.02	0.095 times
29 Fri Nov 2024	48.54	48.93	51.94	42.00	0.485 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

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 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 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 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 gaining 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 is trading near its recent HIGHS, which reflects strong buying momentum in short term! Bulls are getting stronger in this stock.

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 and selling is picking up 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 47.47 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 rising upwards.

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 is giving positive 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.