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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)

Mahanagar Telephone trades in NSE in Telecom Services sector.

Showing technical analysis as on 2024-04-09 View latest technical analysis

10 day averaged volume of Mahanagar Telephone is 4009819

Date	Daily Closing Price	Open	High	Low	Volume
09 Tue Apr 2024	39.05	39.55	40.70	38.70	0.843 times
08 Mon Apr 2024	39.35	39.75	40.75	38.90	1.459 times
05 Fri Apr 2024	39.60	36.40	39.90	35.60	2.397 times
04 Thu Apr 2024	36.30	37.00	37.95	35.65	0.622 times
03 Wed Apr 2024	36.60	35.25	37.15	35.20	0.88 times
02 Tue Apr 2024	35.55	34.70	36.10	34.65	1.16 times
01 Mon Apr 2024	34.40	33.45	34.40	33.25	0.182 times
28 Thu Mar 2024	32.80	34.50	35.10	32.45	0.903 times
27 Wed Mar 2024	33.95	32.50	33.95	32.40	1.102 times
26 Tue Mar 2024	32.35	33.50	33.90	32.00	0.663 times

My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 37.5, but if it comes below 37.5, then a intra day sell could be more profitable.
If you take a sell trade below 37.5, then use 37.5 as stoploss and 35.07 as target. However if you take a buy trade in stock , then use 37.5 as stoploss and 40.4 as target.

Share price targets for Mahanagar Telephone (MTNL)

Target Type	Value
Downside Target	28.60
Downside Target	31.20
Downside Target	32.00
Downside Target	33.25
Downside Target	34.85
Downside Target	37.00
Downside Target	38.70
Upside Target	39.90
Upside Target	40.70
Upside Target	40.75
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	38.25
Downside Intraday Target	37.45
Upside Intraday Target	40.3
Upside Intraday Target	41.55
Upside Intraday Target	39.5

Weekly technical analysis of Mahanagar Telephone (MTNL)

Date	Weekly Closing Price	Open	High	Low	Volume
09 Tue Apr 2024	39.05	39.75	40.75	38.70	0.439 times
05 Fri Apr 2024	39.60	33.45	39.90	33.25	1.964 times
28 Thu Mar 2024	32.80	33.50	35.10	32.00	0.809 times
22 Fri Mar 2024	33.45	33.50	34.85	31.20	0.636 times
15 Fri Mar 2024	33.20	40.70	40.70	31.20	1.238 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
09 Tue Apr 2024	39.05	33.45	40.75	33.25	0.466 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
31 Wed Jan 2024	49.85	33.90	51.80	32.15	2.017 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 Mahanagar Telephone (MTNL)

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 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 positive, but buyers have become active on the stock recently. This cannot be a definite uptrend, specially if selected time duration is small.

ADX buy sell signal for Mahanagar Telephone stock for short term is BUY. Signal strength is Strong and stock is losing 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 is trading near its recent HIGHS, which reflects strong buying momentum in short term! 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 coming down

CCI has generated a SELL signal for Mahanagar Telephone 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 positive zone. This is a BUY zone

Although the stock is in the BUY zone, but buying 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 36.82 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 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 negative.

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