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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 2025-01-03 View latest technical analysis

10 day averaged volume of Mahalaxmi Fabric is 6985

Date	Daily Closing Price	Open	High	Low	Volume
03 Fri Jan 2025	51.02	52.00	52.00	50.52	0.286 times
02 Thu Jan 2025	53.00	51.82	53.36	50.36	0.548 times
01 Wed Jan 2025	50.82	48.00	51.80	46.97	0.314 times
31 Tue Dec 2024	49.45	51.29	51.29	48.81	0.188 times
30 Mon Dec 2024	51.29	54.50	54.50	51.28	1.038 times
27 Fri Dec 2024	53.98	54.34	54.48	51.26	0.068 times
26 Thu Dec 2024	52.00	53.12	54.30	51.10	0.392 times
24 Tue Dec 2024	53.12	55.38	56.75	53.02	0.366 times
23 Mon Dec 2024	55.38	58.30	58.30	55.38	0.519 times
20 Fri Dec 2024	58.30	56.84	59.50	56.00	3.623 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 51.5, but if it comes above 51.5, then a intra day buy could be more profitable.
If you take a sell trade below 51.5, then use 51.5 as stoploss and 48.2 as target. However if you take a buy trade in stock , then use 51.5 as stoploss and 54.34 as target.

Share price targets for Mahalaxmi Fabric (MFML_BE)

Target Type	Value
Downside Target	46.97
Downside Target	48.00
Upside Target	51.10
Upside Target	53.05
Upside Target	54.50
Upside Target	58.30
Upside Target	58.35
Upside Target	59.65
Upside Target	60.40
Upside Target	61.00
Upside Target	91.29

Intraday share price targets for Mahalaxmi Fabric (MFML_BE)

Target Type	Value
Downside Intraday Target	47.16
Downside Intraday Target	43.3
Upside Intraday Target	54.69
Upside Intraday Target	58.36
Downside Intraday Target	50.83

Weekly technical analysis of Mahalaxmi Fabric (MFML_BE)

Date	Weekly Closing Price	Open	High	Low	Volume
03 Fri Jan 2025	51.02	54.50	54.50	46.97	1.766 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, and volume has increased substantially. This means that the move can continue in coming weeks.

Monthly technical analysis of Mahalaxmi Fabric (MFML_BE)

Date	Monthly Closing Price	Open	High	Low	Volume
03 Fri Jan 2025	51.02	48.00	53.36	46.97	0.029 times
31 Tue Dec 2024	49.45	51.88	61.00	48.81	11.335 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

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 trend is highly volatile. A longer time period analysis might give a better idea of the trend.

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 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 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 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 below the red 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 55.24 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.