Daily Technical Analysis Weekly Analysis Monthly Analysis Renko chart MACD chart Bollinger Bands chart Stochastics charts Force Index charts

(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 2024-12-27 View latest technical analysis

10 day averaged volume of Mahanagar Telephone is 11230792

Date	Daily Closing Price	Open	High	Low	Volume
27 Fri Dec 2024	50.13	51.00	51.48	49.91	0.236 times
26 Thu Dec 2024	50.58	52.47	52.70	49.95	0.223 times
24 Tue Dec 2024	52.47	51.90	53.50	51.80	0.425 times
23 Mon Dec 2024	51.33	53.08	53.60	50.70	0.423 times
20 Fri Dec 2024	52.41	54.70	56.49	52.00	0.501 times
19 Thu Dec 2024	54.35	54.99	54.99	53.82	0.35 times
18 Wed Dec 2024	55.68	55.10	58.50	55.06	1.12 times
17 Tue Dec 2024	54.96	57.29	57.29	54.52	0.451 times
16 Mon Dec 2024	56.83	57.55	58.70	56.32	0.474 times
13 Fri Dec 2024	57.33	57.80	58.89	55.28	1.266 times

My analysis of stock is bearish for shortterm, but stock is semi over sold and there are some chances of seeing a recovery tomorrow. Use 49.8 as stoploss in an intra day buy trade for a target of 52.99. However, stock will show a bearish move below 49.8.

Share price targets for Mahanagar Telephone (MTNL)

Target Type	Value
Downside Target	42.00
Downside Target	43.50
Downside Target	45.32
Downside Target	47.02
Downside Target	49.91
Upside Target	51.45
Upside Target	53.60
Upside Target	56.96
Upside Target	58.70
Upside Target	59.00
Upside Target	60.80
Upside Target	61.87
Upside Target	81.56

Intraday share price targets for Mahanagar Telephone (MTNL)

Target Type	Value
Downside Intraday Target	48.83
Downside Intraday Target	47.52
Upside Intraday Target	52.52
Upside Intraday Target	54.9
Upside Intraday Target	51.21

Weekly technical analysis of Mahanagar Telephone (MTNL)

Date	Weekly Closing Price	Open	High	Low	Volume
27 Fri Dec 2024	50.13	53.08	53.60	49.91	0.451 times
20 Fri Dec 2024	52.41	57.55	58.70	52.00	0.299 times
13 Fri Dec 2024	57.33	52.30	61.87	52.30	5.187 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

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
27 Fri Dec 2024	50.13	48.25	61.87	47.02	3.363 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, and volume has increased substantially. This means that the move can 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 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 mid to longer term time period is neutral. A longer time frame might give a better analysis.

ADX buy sell signal for Mahanagar Telephone stock for short term is SELL. Signal strength is Weak and stock is gaining momentum.

MACD generated a SELL signal for Mahanagar Telephone in short term but the sell 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 green color and prices are in or below the green 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 54.68 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 positive

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