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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 2024-05-27 View latest technical analysis

10 day averaged volume of Mahanagar Telephone is 2442884

Date	Daily Closing Price	Open	High	Low	Volume
27 Mon May 2024	37.90	38.90	39.55	37.55	1.491 times
24 Fri May 2024	38.20	37.45	39.35	37.45	1.885 times
23 Thu May 2024	37.40	37.25	38.40	37.25	0.854 times
22 Wed May 2024	37.20	37.75	38.45	37.05	0.788 times
21 Tue May 2024	37.50	37.60	38.30	37.10	0.78 times
18 Sat May 2024	37.35	37.00	37.75	36.95	0.237 times
17 Fri May 2024	36.95	36.25	38.50	36.10	1.772 times
16 Thu May 2024	36.15	37.00	37.15	35.85	0.692 times
15 Wed May 2024	36.80	36.45	37.70	36.35	1.141 times
14 Tue May 2024	36.85	33.65	36.90	33.60	1.326 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 38.1 as stoploss in an intra day sell trade for a target of 36.78. However, stock will show a bullish move above 38.1.

Share price targets for Mahanagar Telephone (MTNL)

Target Type	Value
Downside Target	31.20
Downside Target	32.15
Downside Target	33.20
Downside Target	37.00
Upside Target	38.40
Upside Target	39.35
Upside Target	39.55
Upside Target	39.65
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	37.12
Downside Intraday Target	36.33
Upside Intraday Target	39.12
Upside Intraday Target	40.33
Upside Intraday Target	38.33

Weekly technical analysis of Mahanagar Telephone (MTNL)

Date	Weekly Closing Price	Open	High	Low	Volume
27 Mon May 2024	37.90	38.90	39.55	37.55	0.346 times
24 Fri May 2024	38.20	37.60	39.35	37.05	0.756 times
18 Sat May 2024	37.35	34.70	38.50	33.20	2.162 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

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
27 Mon May 2024	37.90	39.20	39.65	33.20	0.535 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 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 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 Strong and stock is gaining momentum.

MACD generated a BUY signal for Mahanagar Telephone 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.

Mahanagar Telephone Stock is trading near its recent HIGHS, which reflects strong buying momentum in short term! Bulls are getting tired and bears are picking up momentum.

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

CCI has generated a SELL signal for Mahanagar Telephone in short term

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 37.32 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.