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(MBECL) Mcnally Bharat complete technical analysis [charts+indicators] | Buy/Sell Mcnally Bharat | (MBECL) share price targets

Complete technical analysis of Mcnally Bharat (MBECL) by charts plus indicators, forecast predictions and share price targets for Mcnally Bharat (MBECL)

Mcnally Bharat trades in NSE in Construction & Engineering sector.

Showing technical analysis as on 2024-04-22 View latest technical analysis

10 day averaged volume of Mcnally Bharat is 9768

Date	Daily Closing Price	Open	High	Low	Volume
22 Mon Apr 2024	4.45	4.15	4.45	4.15	18.214 times
19 Fri Oct 2018	16.25	16.50	16.50	16.25	0.274 times
08 Fri Jun 2018	42.95	42.00	44.90	42.00	1.064 times
07 Thu Jun 2018	43.00	43.20	44.70	42.70	0.441 times
06 Wed Jun 2018	43.65	42.45	43.70	41.70	0.632 times
05 Tue Jun 2018	41.65	44.00	44.00	41.50	0.913 times
04 Mon Jun 2018	43.65	45.50	45.50	43.65	0.35 times
01 Fri Jun 2018	45.90	46.05	46.90	45.00	0.707 times
31 Thu May 2018	47.10	47.10	48.45	47.00	0.612 times
30 Wed May 2018	47.00	46.70	48.95	46.70	2.427 times

Stock of Mcnally Bharat (MBECL) has showed a significant fall. This could be a good time to exit from this stock.

Although my analysis for stock is bearish for shortterm, but stock is in heavy over sold zones and there are high chances of some recovery tomorrow. You might want to buy the stock tomorrow in intra day with a stoploss of 17.9, for a target of 30.6 or 41.21

Share price targets for Mcnally Bharat (MBECL)

Target Type	Value
Downside Target	4.15
Downside Target	4.45
Upside Target	16.25
Upside Target	41.10
Upside Target	43.20
Upside Target	45.50
Upside Target	45.95
Upside Target	46.90
Upside Target	48.95
Upside Target	56.80
Upside Target	59.80
Upside Target	65.55

Intraday share price targets for Mcnally Bharat (MBECL)

Target Type	Value
Downside Intraday Target	4.25
Downside Intraday Target	4.05
Upside Intraday Target	4.55
Upside Intraday Target	4.65
Downside Intraday Target	4.35

Weekly technical analysis of Mcnally Bharat (MBECL)

Date	Weekly Closing Price	Open	High	Low	Volume
22 Mon Apr 2024	4.45	4.15	4.45	4.15	66.36 times
19 Fri Oct 2018	16.25	16.50	16.50	16.25	0.081 times
08 Fri Jun 2018	42.95	45.50	45.50	41.50	0.489 times
01 Fri Jun 2018	45.90	43.20	48.95	43.20	1.513 times
25 Fri May 2018	44.10	43.05	45.95	42.00	0.331 times

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

Monthly technical analysis of Mcnally Bharat (MBECL)

Date	Monthly Closing Price	Open	High	Low	Volume
22 Mon Apr 2024	4.45	4.15	4.45	4.15	66.36 times
19 Fri Oct 2018	16.25	16.50	16.50	16.25	0.067 times
08 Fri Jun 2018	42.95	46.05	46.90	41.50	0.087 times
31 Thu May 2018	47.10	59.80	59.80	41.10	0.672 times

Scroll below to view daily charts

Price has moved down this month, and volume has increased substantially. This means that the move can continue in coming months.

Indicators analysis of Mcnally Bharat (MBECL)

Price action analysis of Mcnally Bharat ( (MBECL) ) 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 Mcnally Bharat ( (MBECL) ) 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 Mcnally Bharat ( (MBECL) ) 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 Mcnally Bharat ( (MBECL) ) 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 Mcnally Bharat stock for short term is SELL. Signal strength is Strong and stock is gaining momentum.

MACD generated a SELL signal for Mcnally Bharat in short term and the sell signal is strong.

Mcnally Bharat 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 red color and prices are below the red cloud Prices appear to be coming down

CCI has generated a SELL signal for Mcnally Bharat in short term and SELL signal is strong!

RSI is generating a SELL signal in short term and selling is picking up 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 Mcnally Bharat is picking up selling momentum according to indicator.

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 15.85 and Mcnally Bharat (MBECL) 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 Mcnally Bharat (MBECL) stock. Volume based technical analysis of Mcnally Bharat (MBECL) stock is negative.

Mcnally Bharat Stock has given negative 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.