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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)

Showing technical analysis as on 2024-12-05 View latest technical analysis

10 day averaged volume of Mahalaxmi Fabric is 2136

Date	Daily Closing Price	Open	High	Low	Volume
05 Thu Dec 2024	50.32	50.00	51.00	48.91	1.977 times
04 Wed Dec 2024	50.53	51.49	52.00	49.40	0.313 times
03 Tue Dec 2024	51.49	51.69	52.00	49.11	2.706 times
02 Mon Dec 2024	51.69	51.88	51.88	49.00	0.869 times
29 Fri Nov 2024	49.41	48.91	52.50	48.91	0.674 times
28 Thu Nov 2024	51.49	48.00	52.00	48.00	2.807 times
27 Wed Nov 2024	50.00	53.28	53.28	49.50	0.541 times
26 Tue Nov 2024	51.98	51.99	51.99	51.98	0.088 times
25 Mon Nov 2024	51.99	50.27	52.09	49.01	1.83 times
22 Fri Nov 2024	50.27	54.95	54.95	49.95	0.044 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 50.4, but if it comes above 50.4, then a intra day buy could be more profitable.
If you take a sell trade below 50.4, then use 50.4 as stoploss and 48.5 as target. However if you take a buy trade in stock , then use 50.4 as stoploss and 52.11 as target.

Share price targets for Mahalaxmi Fabric (MFML_BE)

Target Type	Value
Downside Target	48.00
Downside Target	50.00
Upside Target	52.00
Upside Target	53.05
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	48.82
Downside Intraday Target	47.32
Upside Intraday Target	51.91
Upside Intraday Target	53.5
Upside Intraday Target	50.41

Weekly technical analysis of Mahalaxmi Fabric (MFML_BE)

Date	Weekly Closing Price	Open	High	Low	Volume
05 Thu Dec 2024	50.32	51.88	52.00	48.91	0.987 times
29 Fri Nov 2024	49.41	50.27	53.28	48.00	4.684 times
22 Fri Nov 2024	50.27	50.53	55.00	48.06	1.171 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	2.119 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
05 Thu Dec 2024	50.32	51.88	52.00	48.91	0.515 times
29 Fri Nov 2024	49.41	55.00	58.35	48.00	0.598 times
31 Thu Oct 2024	55.66	57.38	59.65	50.00	0.219 times
30 Mon Sep 2024	57.08	91.29	91.29	53.05	9.418 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 Mahalaxmi Fabric (MFML_BE)

Price action analysis of Mahalaxmi Fabric ( (MFML_BE) ) based on a short term time period is neutral. A longer time frame might give a better analysis.

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 gaining 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 getting stronger in this stock.

Ichimoku cloud is of red color and prices are below the red cloud Prices appear to be coming down

CCI has generated a SELL signal for Mahalaxmi Fabric in short term and SELL signal is strong!

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

MRSI is in positive zone. This is a BUY 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 51.17 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.