Daily Technical Analysis Weekly Analysis Monthly Analysis Renko chart MACD chart Bollinger Bands chart Stochastics charts Force Index charts

(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 2024-12-06 View latest technical analysis

10 day averaged volume of Mahalaxmi Fabric is 2531

Date	Daily Closing Price	Open	High	Low	Volume
06 Fri Dec 2024	52.00	49.70	52.00	49.05	1.458 times
05 Thu Dec 2024	50.32	50.00	51.00	48.91	1.668 times
04 Wed Dec 2024	50.53	51.49	52.00	49.40	0.264 times
03 Tue Dec 2024	51.49	51.69	52.00	49.11	2.283 times
02 Mon Dec 2024	51.69	51.88	51.88	49.00	0.734 times
29 Fri Nov 2024	49.41	48.91	52.50	48.91	0.569 times
28 Thu Nov 2024	51.49	48.00	52.00	48.00	2.369 times
27 Wed Nov 2024	50.00	53.28	53.28	49.50	0.457 times
26 Tue Nov 2024	51.98	51.99	51.99	51.98	0.075 times
25 Mon Nov 2024	51.99	50.27	52.09	49.01	1.544 times

My analysis of stock is bullish for shortterm, and stock might move up till 53.5 or till 55.3. Use a stoploss of 51.96 and if this stock hits its stoploss, then it can fall down till 50.43

Share price targets for Mahalaxmi Fabric (MFML_BE)

Target Type	Value
Downside Target	48.00
Downside Target	50.00
Downside 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	49.94
Downside Intraday Target	47.88
Upside Intraday Target	53.03
Upside Intraday Target	54.06
Downside Intraday Target	50.97

Weekly technical analysis of Mahalaxmi Fabric (MFML_BE)

Date	Weekly Closing Price	Open	High	Low	Volume
06 Fri Dec 2024	52.00	51.88	52.00	48.91	1.278 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
06 Fri Dec 2024	52.00	51.88	52.00	48.91	0.667 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 neutral. A longer time frame might give a better analysis.

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 moving up

CCI has generated a buy signal for Mahalaxmi Fabric in short term and BUY signal is strong.

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 51.28 and Mahalaxmi Fabric (MFML_BE) stock is trading above this level. This is a good sign for the stock and it could move higher. VWAP is rising upwards.

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 is giving positive returns over a short term period. Returns for a longer term period have been positive

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