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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 2024-05-09 View latest technical analysis

10 day averaged volume of Mahanagar Telephone is 3315503

Date	Daily Closing Price	Open	High	Low	Volume
09 Thu May 2024	34.45	35.70	36.20	34.30	0.323 times
08 Wed May 2024	35.70	35.95	36.40	35.50	0.411 times
07 Tue May 2024	35.95	36.50	36.90	35.75	0.384 times
06 Mon May 2024	36.60	38.25	38.40	36.30	0.51 times
03 Fri May 2024	38.00	38.30	38.40	37.60	0.771 times
02 Thu May 2024	38.05	39.20	39.65	38.00	1.344 times
30 Tue Apr 2024	38.95	37.75	41.35	37.10	3.638 times
29 Mon Apr 2024	37.60	37.80	38.40	37.20	0.724 times
26 Fri Apr 2024	37.55	37.65	38.30	36.95	0.836 times
25 Thu Apr 2024	37.45	37.25	38.00	36.80	0.634 times

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 33.9, for a target of 35.5 or 36.8

Share price targets for Mahanagar Telephone (MTNL)

Target Type	Value
Downside Target	31.20
Downside Target	32.15
Downside Target	33.25
Downside Target	34.20
Upside Target	35.30
Upside Target	36.45
Upside Target	38.40
Upside Target	39.65
Upside Target	40.75
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	33.03
Downside Intraday Target	31.62
Upside Intraday Target	37.13
Upside Intraday Target	39.82
Upside Intraday Target	35.72

Weekly technical analysis of Mahanagar Telephone (MTNL)

Date	Weekly Closing Price	Open	High	Low	Volume
09 Thu May 2024	34.45	38.25	38.40	34.30	0.251 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
12 Fri Apr 2024	36.65	39.75	40.75	36.45	0.626 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 Thu May 2024	34.45	39.20	39.65	34.30	0.16 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

Scroll below to view daily charts

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)

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 to mid term time period is neutral. A longer time frame might give a better analysis.

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 SELL. Signal strength is Weak and stock is losing momentum.

MACD generated a SELL signal for Mahanagar Telephone in short term and the sell signal is strong.

Mahanagar Telephone 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 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 37.89 and Mahanagar Telephone (MTNL) 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 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.