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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.

10 day averaged volume of Mahanagar Telephone is 3479849

Date	Daily Closing Price	Open	High	Low	Volume
24 Wed Apr 2024	37.25	38.35	38.60	36.95	0.712 times
23 Tue Apr 2024	37.95	36.30	39.70	35.85	2.835 times
22 Mon Apr 2024	36.10	35.45	36.35	35.30	0.57 times
19 Fri Apr 2024	35.05	34.95	35.45	34.20	0.543 times
18 Thu Apr 2024	35.75	35.00	36.90	35.00	0.705 times
16 Tue Apr 2024	34.80	34.60	36.40	34.30	1.012 times
15 Mon Apr 2024	35.20	35.95	36.20	34.30	0.553 times
12 Fri Apr 2024	36.65	37.40	38.10	36.45	0.487 times
10 Wed Apr 2024	37.90	39.00	39.35	37.65	0.643 times
09 Tue Apr 2024	39.05	39.55	40.70	38.70	0.972 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 38 as stoploss in an intra day sell trade for a target of 36. However, stock will show a bullish move above 38.

Share price targets for Mahanagar Telephone (MTNL)

Target Type	Value
Downside Target	28.60
Downside Target	31.20
Downside Target	32.00
Downside Target	33.25
Downside Target	34.20
Downside Target	35.10
Upside Target	39.70
Upside Target	39.90
Upside Target	40.75
Upside Target	44.40
Upside Target	51.80
Upside Target	52.40

Intraday share price targets for Mahanagar Telephone (MTNL)

Target Type	Value
Downside Intraday Target	35.13
Downside Intraday Target	33.02
Upside Intraday Target	39.53
Upside Intraday Target	41.82
Upside Intraday Target	37.42

Weekly technical analysis of Mahanagar Telephone (MTNL)

Date	Weekly Closing Price	Open	High	Low	Volume
24 Wed Apr 2024	37.25	35.45	39.70	35.30	1.464 times
19 Fri Apr 2024	35.05	35.95	36.90	34.20	0.744 times
12 Fri Apr 2024	36.65	39.75	40.75	36.45	0.626 times
05 Fri Apr 2024	39.60	33.45	39.90	33.25	1.964 times
28 Thu Mar 2024	32.80	33.50	35.10	32.00	0.809 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
24 Wed Apr 2024	37.25	33.45	40.75	33.25	0.898 times
28 Thu Mar 2024	32.80	43.55	44.40	31.20	0.249 times
29 Thu Feb 2024	42.95	50.60	52.40	37.00	0.525 times
31 Wed Jan 2024	49.85	33.90	51.80	32.15	2.017 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 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 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 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 negative. This means that there is a strong downtrend in the stock for given time period. Sellers are extremely active on this 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 but the buy 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 red color and prices are in or above the red 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 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 36.96 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 negative.

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