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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 2024-12-26 View latest technical analysis

10 day averaged volume of Mahalaxmi Fabric is 23474

Date	Daily Closing Price	Open	High	Low	Volume
26 Thu Dec 2024	52.00	53.12	54.30	51.10	0.117 times
24 Tue Dec 2024	53.12	55.38	56.75	53.02	0.109 times
23 Mon Dec 2024	55.38	58.30	58.30	55.38	0.154 times
20 Fri Dec 2024	58.30	56.84	59.50	56.00	1.078 times
19 Thu Dec 2024	56.94	57.00	59.00	54.85	0.877 times
18 Wed Dec 2024	56.99	58.80	59.20	56.80	2.548 times
17 Tue Dec 2024	56.39	56.00	58.48	56.00	0.958 times
16 Mon Dec 2024	57.63	61.00	61.00	56.00	1.179 times
13 Fri Dec 2024	58.45	59.50	60.40	57.00	1.164 times
12 Thu Dec 2024	57.53	56.83	59.55	54.50	0.573 times

My analysis of stock is bearish for shortterm, but stock is semi over sold and there are some chances of seeing a recovery tomorrow. Use 51.1 as stoploss in an intra day buy trade for a target of 54.11. However, stock will show a bearish move below 51.1.

Share price targets for Mahalaxmi Fabric (MFML_BE)

Target Type	Value
Downside Target	48.00
Downside Target	51.10
Upside Target	53.05
Upside Target	54.85
Upside Target	58.30
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	49.3
Downside Intraday Target	46.6
Upside Intraday Target	56.5
Upside Intraday Target	61
Upside Intraday Target	53.8

Weekly technical analysis of Mahalaxmi Fabric (MFML_BE)

Date	Weekly Closing Price	Open	High	Low	Volume
26 Thu Dec 2024	52.00	58.30	58.30	51.10	0.057 times
20 Fri Dec 2024	58.30	61.00	61.00	54.85	1.822 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

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
26 Thu Dec 2024	52.00	51.88	61.00	48.91	10.963 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 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 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 negative, but sellers have recently become active on the stock. This cannot be called a strong downtrend, specially if selected time duration is small

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 SELL signal for Mahalaxmi Fabric in short term and the sell signal is strong.

Mahalaxmi Fabric Stock is trading near its recent LOWS in short term which reflects strong selling momentum. Bears are getting stronger in this stock.

Ichimoku cloud is of green color and prices are in or below the green 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

Although the stock is in the BUY zone, but buying 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 57.25 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.