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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 2024-12-16 View latest technical analysis

10 day averaged volume of Mahalaxmi Fabric is 10176

Date	Daily Closing Price	Open	High	Low	Volume
16 Mon Dec 2024	57.63	61.00	61.00	56.00	2.72 times
13 Fri Dec 2024	58.45	59.50	60.40	57.00	2.685 times
12 Thu Dec 2024	57.53	56.83	59.55	54.50	1.321 times
11 Wed Dec 2024	56.80	56.83	56.83	54.22	3.139 times
10 Tue Dec 2024	54.13	50.34	54.21	50.34	0.711 times
09 Mon Dec 2024	51.63	52.00	52.00	49.50	0.55 times
06 Fri Dec 2024	52.00	49.70	52.00	49.05	0.363 times
05 Thu Dec 2024	50.32	50.00	51.00	48.91	0.415 times
04 Wed Dec 2024	50.53	51.49	52.00	49.40	0.066 times
03 Tue Dec 2024	51.49	51.69	52.00	49.11	0.568 times

Stock of Mahalaxmi Fabric (MFML_BE) has showed a significant fall. This could be a good time to exit from this stock.

Although my analysis for stock is bullish for shortterm, but stock is over bought and there are high chances of some profit booking tomorrow. You might want to sell the stock tomorrow in intra day with a stoploss of 58.6, for a target of 55.4 or 52.72

Share price targets for Mahalaxmi Fabric (MFML_BE)

Target Type	Value
Downside Target	48.00
Downside Target	52.00
Downside Target	53.05
Downside Target	55.00
Upside Target	58.35
Upside Target	59.65
Upside Target	60.40
Upside Target	61.00
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	55.42
Downside Intraday Target	53.21
Upside Intraday Target	60.42
Upside Intraday Target	63.21
Upside Intraday Target	58.21

Weekly technical analysis of Mahalaxmi Fabric (MFML_BE)

Date	Weekly Closing Price	Open	High	Low	Volume
16 Mon Dec 2024	57.63	61.00	61.00	56.00	0.324 times
13 Fri Dec 2024	58.45	52.00	60.40	49.50	5.275 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

Price has moved down 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
16 Mon Dec 2024	57.63	51.88	61.00	48.91	5.324 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, and volume has increased substantially. This means that the move can 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 definitely positive! This means that there is a strong uptrend in the stock for the given time period. Buyers are extremely bullish on the stock.

Price action analysis of Mahalaxmi Fabric ( (MFML_BE) ) based on a short to mid term time period is definitely positive! This means that there is a strong uptrend in the stock for the given time period. Buyers are extremely bullish on the stock.

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

ADX buy sell signal for Mahalaxmi Fabric stock for short term is BUY. 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 is trading near its recent HIGHS, which reflects strong buying momentum in short term! Bulls are getting tired and bears are picking up momentum.

Ichimoku cloud is of green color and prices are above the green cloud Prices appear to be coming down

CCI has generated a SELL signal for Mahalaxmi Fabric in short term but SELL signal is weak.

RSI is generating a BUY signal in short term and the buying is gaining 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 56.41 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.