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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 2024-06-07 View latest technical analysis

10 day averaged volume of Mahanagar Telephone is 3767405

Date	Daily Closing Price	Open	High	Low	Volume
07 Fri Jun 2024	37.45	36.55	37.70	36.35	0.854 times
06 Thu Jun 2024	36.10	34.55	37.05	34.55	0.687 times
05 Wed Jun 2024	35.45	35.00	36.40	32.55	1.005 times
04 Tue Jun 2024	35.80	39.35	39.35	35.80	1.431 times
03 Mon Jun 2024	39.75	39.80	40.50	38.50	2.11 times
31 Fri May 2024	37.00	37.10	37.55	36.20	0.445 times
30 Thu May 2024	36.75	37.80	37.95	36.55	0.54 times
29 Wed May 2024	38.00	37.50	39.05	37.00	1.133 times
28 Tue May 2024	37.20	38.20	38.30	36.60	0.46 times
27 Mon May 2024	37.90	38.90	39.55	37.55	0.967 times

My analysis of stock is bullish for shortterm, and stock might move up till 38.2 or till 39.6. Use a stoploss of 36.97 and if this stock hits its stoploss, then it can fall down till 35.77

Share price targets for Mahanagar Telephone (MTNL)

Target Type	Value
Downside Target	31.20
Downside Target	32.55
Downside Target	33.20
Downside Target	36.20
Downside 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	33.17
Downside Intraday Target	28.88
Upside Intraday Target	41.12
Upside Intraday Target	44.78
Downside Intraday Target	36.83

Weekly technical analysis of Mahanagar Telephone (MTNL)

Date	Weekly Closing Price	Open	High	Low	Volume
07 Fri Jun 2024	37.45	39.80	40.50	32.55	1.717 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 up this week, and volume has increased substantially. This means that the move can continue in coming weeks.

Monthly technical analysis of Mahanagar Telephone (MTNL)

Date	Monthly Closing Price	Open	High	Low	Volume
07 Fri Jun 2024	37.45	39.80	40.50	32.55	0.448 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 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 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 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 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 Weak and stock is losing 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 moving up

CCI has generated a buy signal for Mahanagar Telephone in short term but BUY signal is weak.

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 37.44 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 negative.

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