Daily Technical Analysis Weekly Analysis Monthly Analysis Renko chart MACD chart Bollinger Bands chart Stochastics charts Force Index charts

(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 2024-06-21 View latest technical analysis

10 day averaged volume of Mahanagar Telephone is 7468889

Date	Daily Closing Price	Open	High	Low	Volume
21 Fri Jun 2024	41.22	41.91	42.49	41.01	0.406 times
20 Thu Jun 2024	41.92	42.13	43.10	41.50	0.612 times
19 Wed Jun 2024	42.16	43.15	43.55	41.70	0.578 times
18 Tue Jun 2024	42.99	42.19	44.37	40.96	1.254 times
14 Fri Jun 2024	41.98	42.17	42.73	41.36	0.576 times
13 Thu Jun 2024	42.16	43.15	43.98	41.81	0.874 times
12 Wed Jun 2024	42.83	42.24	44.78	42.00	2.246 times
11 Tue Jun 2024	42.02	38.00	43.10	37.92	2.774 times
10 Mon Jun 2024	37.72	37.75	38.63	37.61	0.31 times
07 Fri Jun 2024	37.45	36.55	37.70	36.35	0.431 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 41.8 as stoploss in an intra day sell trade for a target of 39.23. However, stock will show a bullish move above 41.8.

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	39.35
Downside Target	40.50
Upside Target	41.35
Upside Target	44.37
Upside Target	44.40
Upside Target	44.78
Upside Target	52.40

Intraday share price targets for Mahanagar Telephone (MTNL)

Target Type	Value
Downside Intraday Target	40
Downside Intraday Target	38.77
Upside Intraday Target	43.41
Upside Intraday Target	45.59
Upside Intraday Target	42.18

Weekly technical analysis of Mahanagar Telephone (MTNL)

Date	Weekly Closing Price	Open	High	Low	Volume
21 Fri Jun 2024	41.22	42.19	44.37	40.96	0.42 times
14 Fri Jun 2024	41.98	37.75	44.78	37.61	2.208 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

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
21 Fri Jun 2024	41.22	39.80	44.78	32.55	1.851 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, and volume has increased substantially. This means that the move can 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 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 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 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 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 losing momentum.

MACD generated a BUY signal for Mahanagar Telephone in short term and the buy 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. 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 but SELL 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 41.97 and Mahanagar Telephone (MTNL) stock is trading below this level. This means that stock is falling with high volumes. 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.