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Stock analysis Mahanagar Telephone Nigam Limited MTNL

More indepth analysis on MunafaSutra.com

Moving Averages for Mahanagar Telephone Nigam Limited

  • 5Day Average: 40.44
  • 12Day Average: 38.42
  • 20Day Average: 38.04
  • 50Day Average: 37.24
  • 100Day Average: 39.15
  • 150Day Average: 36.57
  • 200Day Average: 34.31

MTNL Indicators & signals

Indicator MACD (12,26,9)

39.16, 38.1, 0.44
Indicator MACD is in positive zone

Indicator ADX (14)

32.28, 36.36, 18.61
Indicator ADX is indicating that momentum is weak.
Indicator ADX is showing that momentum is towards buying

Indicator RSI (14)

Current RSI is: 58
Indicator RSI is indicating buying momentum and stock might rise.

Recent prices of MTNL Mahanagar Telephone Nigam Limited are as follows: Daily volume is divided by 10 day averaged volume

Date Close Range Change % Volume
13 Thu Jun 2024 42.16 41.81 to 43.98 -1.56% 0.98 times
12 Wed Jun 2024 42.83 42.00 to 44.78 1.93% 2.52 times
11 Tue Jun 2024 42.02 37.92 to 43.10 11.4% 3.12 times
10 Mon Jun 2024 37.72 37.61 to 38.63 0.72% 0.35 times
07 Fri Jun 2024 37.45 36.35 to 37.70 3.74% 0.48 times
06 Thu Jun 2024 36.10 34.55 to 37.05 1.83% 0.39 times
05 Wed Jun 2024 35.45 32.55 to 36.40 -0.98% 0.57 times
04 Tue Jun 2024 35.80 35.80 to 39.35 -9.94% 0.81 times
03 Mon Jun 2024 39.75 38.50 to 40.50 7.43% 1.2 times
31 Fri May 2024 37.00 36.20 to 37.55 0.68% 0.25 times
30 Thu May 2024 36.75 36.55 to 37.95 -3.29% 0.31 times
29 Wed May 2024 38.00 37.00 to 39.05 2.15% 0.64 times

Technical analysis forecast of Mahanagar Telephone Nigam Limited Stock is that its in a uptrend for shortterm, and I will avoid taking a SHORT or SELL trade in this stock. Look for opportunities to BUY or go LONG in Mahanagar Telephone Nigam Limited MTNL at this time. Stock is rising and might rise more.

It appears as if Mahanagar Telephone Nigam Limited MTNL gave a large move recently.

Stock of Mahanagar Telephone Nigam Limited (MTNL) is trading above an important moving average line, and it has been above this line for quite some time now. This is a good sign, and the stock might keep rising and move higher!

Although my analysis for Mahanagar Telephone Nigam Limited is bullish for shortterm, but stock is over bought and there are high chances of some profit booking tomorrow. You might want to sell the stock tomorrow in intra day with a stoploss of 42.8, for a target of 40.4 or 38.41

More indepth analysis on MunafaSutra.com