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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 2024-06-05 View latest technical analysis

10 day averaged volume of Mahanagar Telephone is 3531263

Date	Daily Closing Price	Open	High	Low	Volume
05 Wed Jun 2024	35.45	35.00	36.40	32.55	1.072 times
04 Tue Jun 2024	35.80	39.35	39.35	35.80	1.527 times
03 Mon Jun 2024	39.75	39.80	40.50	38.50	2.251 times
31 Fri May 2024	37.00	37.10	37.55	36.20	0.475 times
30 Thu May 2024	36.75	37.80	37.95	36.55	0.576 times
29 Wed May 2024	38.00	37.50	39.05	37.00	1.209 times
28 Tue May 2024	37.20	38.20	38.30	36.60	0.491 times
27 Mon May 2024	37.90	38.90	39.55	37.55	1.031 times
24 Fri May 2024	38.20	37.45	39.35	37.45	1.304 times
23 Thu May 2024	37.40	37.25	38.40	37.25	0.591 times

My analysis of stock is bearish for shortterm, but stock is semi over sold and there are some chances of seeing a recovery tomorrow. Use 35.3 as stoploss in an intra day buy trade for a target of 36.73. However, stock will show a bearish move below 35.3.

Share price targets for Mahanagar Telephone (MTNL)

Target Type	Value
Downside Target	31.20
Downside Target	32.55
Downside Target	33.20
Upside Target	36.20
Upside Target	37.00
Upside Target	38.40
Upside Target	39.35
Upside Target	39.65
Upside Target	40.50
Upside Target	41.35
Upside Target	44.40
Upside Target	52.40

Intraday share price targets for Mahanagar Telephone (MTNL)

Target Type	Value
Downside Intraday Target	31.83
Downside Intraday Target	28.22
Upside Intraday Target	39.78
Upside Intraday Target	44.12
Upside Intraday Target	36.17

Weekly technical analysis of Mahanagar Telephone (MTNL)

Date	Weekly Closing Price	Open	High	Low	Volume
05 Wed Jun 2024	35.45	39.80	40.50	32.55	1.282 times
31 Fri May 2024	37.00	38.90	39.55	36.20	1.269 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

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
05 Wed Jun 2024	35.45	39.80	40.50	32.55	0.334 times
31 Fri May 2024	37.00	39.20	39.65	33.20	0.66 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

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 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 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 to mid term time period is negative, but trend is highly volatile. A longer duration price action analysis might give a better picture of the trend in this stock.

Price action analysis of Mahanagar Telephone ( (MTNL) ) based on a mid to longer term time period is neutral. A longer time frame might give a better analysis.

ADX buy sell signal for Mahanagar Telephone stock for short term is SELL. Signal strength is Strong and stock is gaining momentum.

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

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 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 and the buying is gaining 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 37.63 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 negative.

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