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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 2445566

Date Daily Closing Price Open High Low Volume
31 Fri May 2024 37.00 37.10 37.55 36.20 0.686 times
30 Thu May 2024 36.75 37.80 37.95 36.55 0.831 times
29 Wed May 2024 38.00 37.50 39.05 37.00 1.746 times
28 Tue May 2024 37.20 38.20 38.30 36.60 0.709 times
27 Mon May 2024 37.90 38.90 39.55 37.55 1.489 times

My analysis of stock is bullish for shortterm, and stock might move up till 37.8 or till 39.3. Use a stoploss of 36.6 and if this stock hits its stoploss, then it can fall down till 35.38

Share price targets for Mahanagar Telephone (MTNL)

Target Type Value
Downside Target 31.20
Downside Target 32.15
Downside Target 33.20
Downside Target 36.20
Downside Target 36.95
Upside Target 38.40
Upside Target 39.35
Upside Target 39.65
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 35.62
Downside Intraday Target 34.23
Upside Intraday Target 38.97
Upside Intraday Target 40.93
Upside Intraday Target 37.58

Weekly technical analysis of Mahanagar Telephone (MTNL)

Date Weekly Closing Price Open High Low Volume
31 Fri May 2024 37.00 38.90 39.55 36.20 1.203 times
24 Fri May 2024 38.20 37.00 39.35 36.95 0.833 times
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

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
31 Fri May 2024 37.00 39.20 39.65 33.20 0.66 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 22, 16, 14 Buy
MACD 0, 0Buy
Stochastics 34None
CCI -128Sell
RSI 57Buy
OBV -1397829Sell
VWAP 38Sell
ADL 0Sell
ROC 0Buy
Force Index 0Sell

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 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 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 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.

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

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

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. Bears 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 SELL signal for Mahanagar Telephone in short term and SELL 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 37.63 and Mahanagar Telephone (MTNL) stock is trading below this level. This means that stock is falling with high volumes. 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.

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