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 2024-12-10 View latest technical analysis

10 day averaged volume of Mahalaxmi Fabric is 3060

Date	Daily Closing Price	Open	High	Low	Volume
10 Tue Dec 2024	54.13	50.34	54.21	50.34	2.365 times
09 Mon Dec 2024	51.63	52.00	52.00	49.50	1.83 times
06 Fri Dec 2024	52.00	49.70	52.00	49.05	1.206 times
05 Thu Dec 2024	50.32	50.00	51.00	48.91	1.38 times
04 Wed Dec 2024	50.53	51.49	52.00	49.40	0.218 times
03 Tue Dec 2024	51.49	51.69	52.00	49.11	1.889 times
02 Mon Dec 2024	51.69	51.88	51.88	49.00	0.607 times
29 Fri Nov 2024	49.41	48.91	52.50	48.91	0.47 times
28 Thu Nov 2024	51.49	48.00	52.00	48.00	1.959 times
27 Wed Nov 2024	50.00	53.28	53.28	49.50	0.378 times

Stock of Mahalaxmi Fabric (MFML_BE) has showed a significant upmove. This could be a good time to enter in this stock!

My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 53.2, but if it comes below 53.2, then a intra day sell could be more profitable.
If you take a sell trade below 53.2, then use 53.2 as stoploss and 51.81 as target. However if you take a buy trade in stock , then use 53.2 as stoploss and 54.9 as target.

Share price targets for Mahalaxmi Fabric (MFML_BE)

Target Type	Value
Downside Target	48.00
Downside Target	52.00
Downside Target	53.05
Upside Target	54.21
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	51.02
Downside Intraday Target	47.9
Upside Intraday Target	55.73
Upside Intraday Target	57.32
Downside Intraday Target	52.61

Weekly technical analysis of Mahalaxmi Fabric (MFML_BE)

Date	Weekly Closing Price	Open	High	Low	Volume
10 Tue Dec 2024	54.13	52.00	54.21	49.50	0.792 times
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

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
10 Tue Dec 2024	54.13	51.88	54.21	48.91	1.195 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 positive, but buyers have become active on the stock recently. This cannot be a definite uptrend, specially if selected time duration is small.

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 Weak 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 is trading near its recent HIGHS, which reflects strong buying momentum in short term! Bulls are getting stronger in this stock.

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

Although the stock is in the SELL zone, but selling might be slowing down

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

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 51.8 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 negative.

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