Posted On: July 21, 2023

Stock Report : MTNL (NSE) 20 Jul 2023

Outlook: Bearish 

Sector: Communication Service 

Industry: Telecom Services 

Mahanagar Telephone Nigam Limited (MTNL) is a wholly owned subsidiary of Bharat Sanchar Nigam Limited which is in turn under the ownership of the Department of Telecommunications, Ministry of Communications, Government of India. Headquartered in New Delhi, India. MTNL Provides services in the metro cities of Mumbai and New Delhi in India and in the island nation of Mauritius in Africa. 

#xCalData predicts that # MTNL will continue its bearish phase over the next five days and trend within the range of 19 to 20. 

In comparison to the previous month, the price of the stock has experienced a decline of 4.41% indicating a bearish.

 The Stock has doubled once since 07 Sep 2015 and took an average of 2.3 years to double. 

The stock has shown seasonality trend in the past. 

Reviewing the returns for the past 5 years for the same week, we see the stock has given negative returns in 3 years in the past. 

Majority of the technical ratios trend towards Bearish side of the spectrum. Only some of the technical indicators namely ASI indicate Bullish view. 

Collectively, xCalData suggests the stock would be in Bearish zone for next 5 days. 

#xCalData is an exceptional app available for Android devices that offers unbiased insights into stocks, allowing investors to make informed decisions. With its user-friendly interface and comprehensive features, xCalData provides a valuable resource for anyone interested in the stock market.  Download the app from google play. 

For Actionable Intelligence, subscribe to xCalData app on Android devices: https://tinyurl.com/downloadxCalData

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