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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 2024-07-09 View latest technical analysis

10 day averaged volume of Mahanagar Telephone is 6475882

Date	Daily Closing Price	Open	High	Low	Volume
09 Tue Jul 2024	42.72	43.50	43.90	42.34	0.756 times
08 Mon Jul 2024	42.46	41.00	43.50	41.00	1.762 times
05 Fri Jul 2024	40.56	40.64	41.20	40.38	0.366 times
04 Thu Jul 2024	40.46	40.30	41.50	40.25	0.682 times
03 Wed Jul 2024	40.14	40.59	41.49	39.90	0.848 times
02 Tue Jul 2024	40.63	41.49	41.59	40.05	0.45 times
01 Mon Jul 2024	41.40	42.22	42.45	41.10	0.367 times
28 Fri Jun 2024	42.23	42.95	43.50	41.82	0.854 times
27 Thu Jun 2024	42.55	44.20	44.30	42.00	1.166 times
26 Wed Jun 2024	44.19	42.70	45.99	41.79	2.49 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 43 as stoploss in an intra day sell trade for a target of 41.98. However, stock will show a bullish move above 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	37.61
Downside Target	39.65
Downside Target	42.45
Upside Target	43.90
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	41.18
Downside Intraday Target	39.64
Upside Intraday Target	44.08
Upside Intraday Target	45.44
Downside Intraday Target	42.54

Weekly technical analysis of Mahanagar Telephone (MTNL)

Date	Weekly Closing Price	Open	High	Low	Volume
09 Tue Jul 2024	42.72	41.00	43.90	41.00	0.928 times
05 Fri Jul 2024	40.56	42.22	42.45	39.90	0.431 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

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
09 Tue Jul 2024	42.72	42.22	43.90	39.90	0.25 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 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 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 SELL signal for Mahanagar Telephone in short term but the sell signal is initial and weak.

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 green color and prices are above the green 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 but buying is losing momentum.

MRSI is in positive zone. This is a BUY zone

Although the stock is in the BUY zone, but buying 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 42.38 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 positive

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