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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)

10 day averaged volume of Mahanagar Telephone is 1976252

Date Daily Closing Price Open High Low Volume
17 Fri May 2024 36.95 36.25 38.50 36.10 2.19 times
16 Thu May 2024 36.15 37.00 37.15 35.85 0.855 times
15 Wed May 2024 36.80 36.45 37.70 36.35 1.41 times
14 Tue May 2024 36.85 33.65 36.90 33.60 1.639 times
13 Mon May 2024 33.55 34.70 34.70 33.20 0.65 times

Stock of Mahanagar Telephone (MTNL) has showed a significant upmove. This could be a good time to enter in this stock!

My analysis of stock is bullish for shortterm, and stock might move up till 37.9 or till 39.6. Use a stoploss of 36.57 and if this stock hits its stoploss, then it can fall down till 35.2

Share price targets for Mahanagar Telephone (MTNL)

Target Type Value
Downside Target 31.20
Downside Target 32.15
Downside Target 33.20
Downside Target 35.30
Downside Target 36.90
Upside Target 38.40
Upside Target 39.65
Upside Target 39.70
Upside Target 41.35
Upside Target 44.40
Upside Target 51.80
Upside Target 52.40

Intraday share price targets for Mahanagar Telephone (MTNL)

Target Type Value
Downside Intraday Target 33.93
Downside Intraday Target 30.92
Upside Intraday Target 39.23
Upside Intraday Target 41.52
Downside Intraday Target 36.22

Weekly technical analysis of Mahanagar Telephone (MTNL)

Date Weekly Closing Price Open High Low Volume
17 Fri May 2024 36.95 34.70 38.50 33.20 2.072 times
10 Fri May 2024 34.40 38.25 38.40 33.80 0.3 times
03 Fri May 2024 38.00 37.80 41.35 37.10 1.118 times
26 Fri Apr 2024 37.55 35.45 39.70 35.30 1.962 times
19 Fri Apr 2024 35.05 35.95 36.90 34.20 0.744 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
17 Fri May 2024 36.95 39.20 39.65 33.20 0.345 times
30 Tue Apr 2024 38.95 33.45 41.35 33.25 1.196 times
28 Thu Mar 2024 32.80 43.55 44.40 31.20 0.249 times
29 Thu Feb 2024 42.95 50.60 52.40 37.00 0.525 times

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)

Indicator Name Indicator Value Indicator Signal
ADX 32, 19, 26 Buy
MACD -1, -1Buy
Stochastics 61None
CCI 98Buy
RSI 66Buy
OBV 17632768Sell
VWAP 36Buy
ADL 0Sell
ROC -3Sell
Force Index 0Sell

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 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 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 BUY. 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.

MACD line is moving upwards which means that SELL signal is weakening, and buying is picking up momentum.

Mahanagar Telephone Stock in short term is moving inside a range for now. Please check in a day or two to for a better buy sell signal. 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 BUY signal in short term but buying is losing momentum.

MRSI is in positive zone. This is a BUY 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 36.17 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 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.

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