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(MRO-TEK) Mro Tek complete technical analysis [charts+indicators] | Buy/Sell Mro Tek | (MRO-TEK) share price targets

Complete technical analysis of Mro Tek (MRO-TEK) by charts plus indicators, forecast predictions and share price targets for Mro Tek (MRO-TEK)

Mro Tek trades in NSE in Telecom Equipment sector.

Showing technical analysis as on 2024-04-08 View latest technical analysis

10 day averaged volume of Mro Tek is 160826

Date	Daily Closing Price	Open	High	Low	Volume
08 Mon Apr 2024	76.30	76.50	78.00	75.30	0.086 times
05 Fri Apr 2024	76.50	76.65	78.00	75.85	0.111 times
04 Thu Apr 2024	76.65	77.70	78.50	76.05	0.073 times
03 Wed Apr 2024	77.60	77.60	78.95	76.45	0.139 times
02 Tue Apr 2024	77.60	78.00	81.90	76.80	0.278 times
01 Mon Apr 2024	78.05	71.10	81.95	71.10	0.626 times
28 Thu Mar 2024	71.00	71.35	73.45	70.50	0.165 times
27 Wed Mar 2024	71.25	72.50	74.35	70.40	0.294 times
26 Tue Mar 2024	72.60	75.95	76.90	71.15	0.425 times
22 Fri Mar 2024	77.95	77.40	84.50	73.50	5.915 times

My analysis of stock is bullish for shortterm, but stock is in semi over bought zones and there are some chances of seeing a fall tomorrow. Use 77 as stoploss in an intra day sell trade for a target of 70.08. However, stock will show a bullish move above 77.

Share price targets for Mro Tek (MRO-TEK)

Target Type	Value
Downside Target	55.55
Downside Target	57.15
Downside Target	58.90
Downside Target	62.00
Downside Target	70.40
Downside Target	75.30
Upside Target	76.85
Upside Target	78.00
Upside Target	81.95
Upside Target	84.50
Upside Target	94.70

Intraday share price targets for Mro Tek (MRO-TEK)

Target Type	Value
Downside Intraday Target	75.07
Downside Intraday Target	73.83
Upside Intraday Target	77.77
Upside Intraday Target	79.23
Upside Intraday Target	76.53

Weekly technical analysis of Mro Tek (MRO-TEK)

Date	Weekly Closing Price	Open	High	Low	Volume
08 Mon Apr 2024	76.30	76.50	78.00	75.30	0.07 times
05 Fri Apr 2024	76.50	71.10	81.95	71.10	1.387 times
28 Thu Mar 2024	71.00	75.95	76.90	70.40	0.108 times
22 Fri Mar 2024	77.95	62.75	84.50	58.90	5.464 times
15 Fri Mar 2024	62.35	75.05	76.85	57.65	1.763 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 Mro Tek (MRO-TEK)

Date	Monthly Closing Price	Open	High	Low	Volume
08 Mon Apr 2024	76.30	71.10	81.95	71.10	0.114 times
28 Thu Mar 2024	71.00	79.80	84.50	57.65	0.331 times
29 Thu Feb 2024	79.15	63.35	94.70	62.00	3.223 times
31 Wed Jan 2024	62.75	58.60	70.90	57.15	3.655 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 Mro Tek (MRO-TEK)

Price action analysis of Mro Tek ( (MRO-TEK) ) 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 Mro Tek ( (MRO-TEK) ) 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 Mro Tek ( (MRO-TEK) ) 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 Mro Tek ( (MRO-TEK) ) 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 Mro Tek stock for short term is BUY. Signal strength is Strong and stock is losing momentum.

MACD generated a BUY signal for Mro Tek 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.

Mro Tek 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 tired and bears are picking up momentum.

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

CCI has generated a SELL signal for Mro Tek in short term but SELL signal is weak.

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 Mro Tek is picking up selling momentum according to indicator.

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 77.23 and Mro Tek (MRO-TEK) 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 Mro Tek (MRO-TEK) stock. Volume based technical analysis of Mro Tek (MRO-TEK) stock is negative.

Mro Tek Stock is giving positive 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.