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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 2024-12-30 View latest technical analysis

10 day averaged volume of Mahalaxmi Fabric is 19256

Date	Daily Closing Price	Open	High	Low	Volume
30 Mon Dec 2024	51.29	54.50	54.50	51.28	0.377 times
27 Fri Dec 2024	53.98	54.34	54.48	51.26	0.025 times
26 Thu Dec 2024	52.00	53.12	54.30	51.10	0.142 times
24 Tue Dec 2024	53.12	55.38	56.75	53.02	0.133 times
23 Mon Dec 2024	55.38	58.30	58.30	55.38	0.188 times
20 Fri Dec 2024	58.30	56.84	59.50	56.00	1.314 times
19 Thu Dec 2024	56.94	57.00	59.00	54.85	1.069 times
18 Wed Dec 2024	56.99	58.80	59.20	56.80	3.106 times
17 Tue Dec 2024	56.39	56.00	58.48	56.00	1.168 times
16 Mon Dec 2024	57.63	61.00	61.00	56.00	1.437 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 51.6, but if it comes above 51.6, then a intra day buy could be more profitable.
If you take a sell trade below 51.6, then use 51.6 as stoploss and 48.2 as target. However if you take a buy trade in stock , then use 51.6 as stoploss and 54.33 as target.

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	54.50
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	50.21
Downside Intraday Target	49.14
Upside Intraday Target	53.43
Upside Intraday Target	55.58
Upside Intraday Target	52.36

Weekly technical analysis of Mahalaxmi Fabric (MFML_BE)

Date	Weekly Closing Price	Open	High	Low	Volume
30 Mon Dec 2024	51.29	54.50	54.50	51.28	0.773 times
27 Fri Dec 2024	53.98	58.30	58.30	51.10	0.06 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

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
30 Mon Dec 2024	51.29	51.88	61.00	48.91	11.281 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 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 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 weakening, and bulls are picking up momentum!

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 and selling is picking up 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 56.78 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.