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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 2024-05-15 View latest technical analysis

10 day averaged volume of Mahanagar Telephone is 3003147

Date	Daily Closing Price	Open	High	Low	Volume
15 Wed May 2024	36.80	36.45	37.70	36.35	0.928 times
14 Tue May 2024	36.85	33.65	36.90	33.60	1.078 times
13 Mon May 2024	33.55	34.70	34.70	33.20	0.428 times
10 Fri May 2024	34.40	34.60	34.80	33.80	0.345 times
09 Thu May 2024	34.45	35.70	36.20	34.30	0.357 times
08 Wed May 2024	35.70	35.95	36.40	35.50	0.453 times
07 Tue May 2024	35.95	36.50	36.90	35.75	0.424 times
06 Mon May 2024	36.60	38.25	38.40	36.30	0.563 times
03 Fri May 2024	38.00	38.30	38.40	37.60	0.851 times
02 Thu May 2024	38.05	39.20	39.65	38.00	1.484 times

My analysis of stock is bullish for shortterm, and stock might move up till 37.9 or till 39.6. Use a stoploss of 36.44 and if this stock hits its stoploss, then it can fall down till 35.01

Share price targets for Mahanagar Telephone (MTNL)

Target Type	Value
Downside Target	31.20
Downside Target	32.15
Downside Target	33.20
Downside Target	35.30
Upside Target	36.90
Upside Target	39.65
Upside Target	39.70
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	34.1
Downside Intraday Target	31.4
Upside Intraday Target	38.6
Upside Intraday Target	40.4
Downside Intraday Target	35.9

Weekly technical analysis of Mahanagar Telephone (MTNL)

Date	Weekly Closing Price	Open	High	Low	Volume
15 Wed May 2024	36.80	34.70	37.70	33.20	1.136 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
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

Price has moved up 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
15 Wed May 2024	36.80	39.20	39.65	33.20	0.267 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 neutral. A longer time frame might give a better analysis.

Price action analysis of Mahanagar Telephone ( (MTNL) ) based on a short term time period is positive, but trend is highly volatile. A longer time period analysis might give a better idea of the trend.

Price action analysis of Mahanagar Telephone ( (MTNL) ) 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 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 BUY. Signal strength is Weak and stock is gaining momentum.

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

MACD line is moving upwards which means that SELL signal is weakening, and buying is picking up momentum.

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 weakening, and bulls 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 buy signal for Mahanagar Telephone in short term and BUY signal is strong.

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 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 36.64 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 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.