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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 2024-12-10 View latest technical analysis

10 day averaged volume of Mahanagar Telephone is 6655507

Date	Daily Closing Price	Open	High	Low	Volume
10 Tue Dec 2024	55.24	58.13	58.45	54.85	1.183 times
09 Mon Dec 2024	58.13	52.30	59.32	52.30	4.405 times
06 Fri Dec 2024	51.88	50.12	53.90	49.81	1.653 times
05 Thu Dec 2024	49.73	49.49	51.44	49.20	0.479 times
04 Wed Dec 2024	49.25	49.35	50.18	49.05	0.274 times
03 Tue Dec 2024	49.12	48.91	50.20	48.81	0.349 times
02 Mon Dec 2024	48.91	48.25	49.40	47.02	0.399 times
29 Fri Nov 2024	48.54	49.10	49.98	47.95	0.291 times
28 Thu Nov 2024	48.93	49.20	49.90	48.31	0.369 times
27 Wed Nov 2024	48.61	48.50	49.64	47.71	0.467 times

Although my analysis for stock is bullish for shortterm, but stock is over bought and there are high chances of some profit booking tomorrow. You might want to sell the stock tomorrow in intra day with a stoploss of 56.5, for a target of 51.9 or 48.09

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
Downside Target	50.25
Downside Target	51.45
Downside Target	53.90
Upside Target	56.96
Upside Target	59.00
Upside Target	59.32
Upside Target	60.80
Upside Target	81.56

Intraday share price targets for Mahanagar Telephone (MTNL)

Target Type	Value
Downside Intraday Target	51.92
Downside Intraday Target	48.6
Upside Intraday Target	58.94
Upside Intraday Target	62.64
Upside Intraday Target	55.62

Weekly technical analysis of Mahanagar Telephone (MTNL)

Date	Weekly Closing Price	Open	High	Low	Volume
10 Tue Dec 2024	55.24	52.30	59.32	52.30	1.771 times
06 Fri Dec 2024	51.88	48.25	53.90	47.02	1.073 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

Price has moved up this week, and volume has increased substantially. This means that the move can continue in coming weeks.

Monthly technical analysis of Mahanagar Telephone (MTNL)

Date	Monthly Closing Price	Open	High	Low	Volume
10 Tue Dec 2024	55.24	48.25	59.32	47.02	1.105 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 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 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 mid to longer term time period is positive, but buyers have become active on the stock recently. This cannot be a definite uptrend, specially if selected time duration is small.

ADX buy sell signal for Mahanagar Telephone stock for short term is BUY. Signal strength is Strong and stock is losing momentum.

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

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 tired and bears are picking up momentum.

Ichimoku cloud is of green color and prices are above the green cloud Prices appear to be coming down

CCI has generated a SELL signal for Mahanagar Telephone in short term but SELL signal is weak.

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 54.31 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 positive

Force Index is moving in a negative zone, which indicates selling momentum for short term... Selling momentum is getting weaker.