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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 2024-07-03 View latest technical analysis

10 day averaged volume of Mahanagar Telephone is 5798404

Date	Daily Closing Price	Open	High	Low	Volume
03 Wed Jul 2024	40.14	40.59	41.49	39.90	0.947 times
02 Tue Jul 2024	40.63	41.49	41.59	40.05	0.503 times
01 Mon Jul 2024	41.40	42.22	42.45	41.10	0.41 times
28 Fri Jun 2024	42.23	42.95	43.50	41.82	0.954 times
27 Thu Jun 2024	42.55	44.20	44.30	42.00	1.302 times
26 Wed Jun 2024	44.19	42.70	45.99	41.79	2.781 times
25 Tue Jun 2024	42.83	42.48	43.95	41.75	1.134 times
24 Mon Jun 2024	42.15	41.00	42.88	40.50	0.861 times
21 Fri Jun 2024	41.22	41.91	42.49	41.01	0.523 times
20 Thu Jun 2024	41.92	42.13	43.10	41.50	0.788 times

My analysis of stock is bearish for shortterm, and stock might move down till 38.7 or till 35.8. Use a stoploss of 41.01 and if the stock hits stoploss, then it can shoot up till 43.36

Share price targets for Mahanagar Telephone (MTNL)

Target Type	Value
Downside Target	31.20
Downside Target	32.55
Downside Target	33.20
Downside Target	37.61
Downside Target	39.65
Upside Target	42.45
Upside Target	44.37
Upside Target	44.40
Upside Target	44.78
Upside Target	45.99

Intraday share price targets for Mahanagar Telephone (MTNL)

Target Type	Value
Downside Intraday Target	39.21
Downside Intraday Target	38.28
Upside Intraday Target	41.76
Upside Intraday Target	43.38
Upside Intraday Target	40.83

Weekly technical analysis of Mahanagar Telephone (MTNL)

Date	Weekly Closing Price	Open	High	Low	Volume
03 Wed Jul 2024	40.14	42.22	42.45	39.90	0.265 times
28 Fri Jun 2024	42.23	41.00	45.99	40.50	1.916 times
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

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
03 Wed Jul 2024	40.14	42.22	42.45	39.90	0.08 times
28 Fri Jun 2024	42.23	39.80	45.99	32.55	2.647 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

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 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 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 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 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 Weak and stock is losing momentum.

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

Mahanagar Telephone Stock is trading near its recent LOWS in short term which reflects strong selling momentum. Bears are getting stronger in this stock.

Ichimoku cloud is of green color and prices are in or below the green 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 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 42.48 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 positive

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