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(MFML_BE) Mahalaxmi Fabric complete technical analysis [charts+indicators] | Buy/Sell Mahalaxmi Fabric | (MFML_BE) share price targets

Complete technical analysis of Mahalaxmi Fabric (MFML_BE) by charts plus indicators, forecast predictions and share price targets for Mahalaxmi Fabric (MFML_BE)

10 day averaged volume of Mahalaxmi Fabric is 738

Date Daily Closing Price Open High Low Volume
21 Thu Nov 2024 52.45 55.00 55.00 52.45 0.375 times
19 Tue Nov 2024 52.90 51.90 53.90 50.00 0.717 times
18 Mon Nov 2024 51.68 50.53 53.05 48.06 2.453 times
14 Thu Nov 2024 50.53 53.50 54.00 50.53 2.257 times
13 Wed Nov 2024 53.19 52.51 54.80 52.51 0.053 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 52.6, but if it comes above 52.6, then a intra day buy could be more profitable.
If you take a sell trade below 52.6, then use 52.6 as stoploss and 50.8 as target. However if you take a buy trade in stock , then use 52.6 as stoploss and 54.12 as target.

Share price targets for Mahalaxmi Fabric (MFML_BE)

Target Type Value
Downside Target 48.06
Downside Target 50.00
Upside Target 52.81
Upside Target 55.00
Upside Target 56.69
Upside Target 58.35
Upside Target 59.65
Upside Target 91.29
Upside Target 96.10
Upside Target 118.20

Intraday share price targets for Mahalaxmi Fabric (MFML_BE)

Target Type Value
Downside Intraday Target 48.67
Downside Intraday Target 44.9
Upside Intraday Target 55.61
Upside Intraday Target 58.78
Downside Intraday Target 51.84

Weekly technical analysis of Mahalaxmi Fabric (MFML_BE)

Date Weekly Closing Price Open High Low Volume
21 Thu Nov 2024 52.45 50.53 55.00 48.06 1.131 times
14 Thu Nov 2024 50.53 56.69 56.69 50.53 0.374 times
08 Fri Nov 2024 54.00 58.35 58.35 53.10 2.532 times
01 Fri Nov 2024 56.83 58.35 58.35 53.00 2.184 times
30 Wed Oct 2024 54.10 55.97 58.35 52.81 0.095 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 Mahalaxmi Fabric (MFML_BE)

Date Monthly Closing Price Open High Low Volume
21 Thu Nov 2024 52.45 55.00 58.35 48.06 0.279 times
31 Thu Oct 2024 55.66 57.38 59.65 50.00 0.223 times
30 Mon Sep 2024 57.08 91.29 91.29 53.05 9.418 times
30 Fri Aug 2024 96.10 118.00 118.20 96.10 0 times

Price has moved down 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 Mahalaxmi Fabric (MFML_BE)

Indicator Name Indicator Value Indicator Signal
ADX 12, 20, 25 Sell
MACD -6, -6Buy
Stochastics 44None
CCI -14Buy
RSI 31Sell
OBV 4801Sell
VWAP 53Sell
ADL 0Sell
ROC -4Sell
Force Index 0Sell

Price action analysis of Mahalaxmi Fabric ( (MFML_BE) ) based on a short 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 Mahalaxmi Fabric ( (MFML_BE) ) based on a short 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.

Price action analysis of Mahalaxmi Fabric ( (MFML_BE) ) based on a short to mid 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.

Price action analysis of Mahalaxmi Fabric ( (MFML_BE) ) 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 Mahalaxmi Fabric stock for short term is SELL. Signal strength is Strong and stock is losing momentum.

MACD generated a BUY signal for Mahalaxmi Fabric 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.

Mahalaxmi Fabric 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 buy signal for Mahalaxmi Fabric in short term but BUY signal is weak.

RSI is generating a SELL signal in short term but selling is losing momentum.

MRSI is in negative zone. This is the SELL zone

Stock of Mahalaxmi Fabric is picking up buying momentum according to indicator.

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 52.81 and Mahalaxmi Fabric (MFML_BE) stock is trading below this level. This means that stock is falling with high volumes. VWAP is falling down

People seem to be coming out and selling the Mahalaxmi Fabric (MFML_BE) stock. Volume based technical analysis of Mahalaxmi Fabric (MFML_BE) stock is negative.

Mahalaxmi Fabric 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.

Click here for Mahalaxmi Fabric charts

Click here for further forecast and predictions for tomorrow

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