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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 2024-07-31 View latest technical analysis

10 day averaged volume of Mahanagar Telephone is 60245100

Date	Daily Closing Price	Open	High	Low	Volume
31 Wed Jul 2024	83.22	83.22	83.22	83.22	0.012 times
30 Tue Jul 2024	87.60	87.60	87.60	87.60	0.017 times
29 Mon Jul 2024	92.22	99.40	101.93	92.22	0.345 times
26 Fri Jul 2024	97.08	97.08	97.08	97.08	0.033 times
25 Thu Jul 2024	92.46	90.00	92.46	89.46	0.284 times
24 Wed Jul 2024	88.06	87.00	88.06	86.30	0.128 times
23 Tue Jul 2024	83.87	80.79	83.87	70.25	1.989 times
22 Mon Jul 2024	76.25	70.48	76.25	70.40	1.138 times
19 Fri Jul 2024	69.32	66.00	70.48	65.40	2.264 times
18 Thu Jul 2024	64.08	54.84	64.08	54.52	2.34 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 84.9 as stoploss in an intra day sell trade for a target of 63.66. However, stock will show a bullish move above 84.9.

Share price targets for Mahanagar Telephone (MTNL)

Target Type	Value
Downside Target	31.20
Downside Target	32.55
Downside Target	33.20
Downside Target	39.65
Downside Target	41.00
Downside Target	42.45
Downside Target	44.40
Downside Target	45.99
Downside Target	47.90
Downside Target	70.25
Downside Target	70.48
Downside Target	83.22
Upside Target	97.08
Upside Target	101.93

Intraday share price targets for Mahanagar Telephone (MTNL)

Target Type	Value
Downside Intraday Target	76.98
Downside Intraday Target	70.75
Upside Intraday Target	95.69
Upside Intraday Target	108.17
Upside Intraday Target	89.46

Weekly technical analysis of Mahanagar Telephone (MTNL)

Date	Weekly Closing Price	Open	High	Low	Volume
31 Wed Jul 2024	83.22	99.40	101.93	83.22	0.105 times
26 Fri Jul 2024	97.08	70.48	97.08	70.25	0.476 times
19 Fri Jul 2024	69.32	46.30	70.48	46.13	6.455 times
12 Fri Jul 2024	46.19	41.00	47.90	41.00	3.986 times
05 Fri Jul 2024	40.56	42.22	42.45	39.90	0.431 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
31 Wed Jul 2024	83.22	42.22	101.93	39.90	5.733 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, 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 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 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 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 is trading near its recent HIGHS, which reflects strong buying momentum in short term! 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 but buying is losing momentum.

MRSI is in positive zone. This is a BUY 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 74.33 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.