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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 2024-06-11 View latest technical analysis

10 day averaged volume of Mahanagar Telephone is 3496164

Date	Daily Closing Price	Open	High	Low	Volume
11 Tue Jun 2024	42.02	38.00	43.10	37.92	5.925 times
10 Mon Jun 2024	37.72	37.75	38.63	37.61	0.663 times
07 Fri Jun 2024	37.45	36.55	37.70	36.35	0.92 times
06 Thu Jun 2024	36.10	34.55	37.05	34.55	0.74 times
05 Wed Jun 2024	35.45	35.00	36.40	32.55	1.083 times
04 Tue Jun 2024	35.80	39.35	39.35	35.80	1.543 times
03 Mon Jun 2024	39.75	39.80	40.50	38.50	2.273 times
31 Fri May 2024	37.00	37.10	37.55	36.20	0.48 times
30 Thu May 2024	36.75	37.80	37.95	36.55	0.582 times
29 Wed May 2024	38.00	37.50	39.05	37.00	1.221 times

Stock of Mahanagar Telephone (MTNL) has showed a significant upmove. This could be a good time to enter in this stock!

Although my analysis for stock is bullish for shortterm, but stock is over bought and there are high chances of some profit booking tomorrow. You might want to sell the stock tomorrow in intra day with a stoploss of 40.5, for a target of 38.8 or 37.43

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
Downside Target	38.50
Downside Target	39.35
Downside Target	40.50
Downside Target	41.35
Upside Target	43.10
Upside Target	44.40
Upside Target	52.40

Intraday share price targets for Mahanagar Telephone (MTNL)

Target Type	Value
Downside Intraday Target	38.72
Downside Intraday Target	35.42
Upside Intraday Target	44.21
Upside Intraday Target	46.4
Downside Intraday Target	40.91

Weekly technical analysis of Mahanagar Telephone (MTNL)

Date	Weekly Closing Price	Open	High	Low	Volume
11 Tue Jun 2024	42.02	37.75	43.10	37.61	1.004 times
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

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
11 Tue Jun 2024	42.02	39.80	43.10	32.55	0.897 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 positive, but buyers have become active on the stock recently. This cannot be a definite uptrend, specially if selected time duration is small.

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 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 mid to longer 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.

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 stronger in this stock.

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 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

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 39.19 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 positive

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