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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 2025-01-17 View latest technical analysis

10 day averaged volume of Mahalaxmi Fabric is 8985

Date	Daily Closing Price	Open	High	Low	Volume
17 Fri Jan 2025	43.09	46.00	46.00	42.61	2.255 times
16 Thu Jan 2025	44.80	43.02	44.80	42.02	0.291 times
15 Wed Jan 2025	43.00	47.00	47.00	42.80	0.097 times
14 Tue Jan 2025	44.90	43.15	44.90	40.85	0.413 times
13 Mon Jan 2025	43.00	46.00	46.00	43.00	0.1 times
10 Fri Jan 2025	45.00	44.02	47.00	43.55	0.522 times
09 Thu Jan 2025	45.00	45.90	46.69	43.90	0.559 times
08 Wed Jan 2025	44.94	45.00	47.69	44.12	0.245 times
07 Tue Jan 2025	46.23	50.00	50.00	46.03	6.077 times
06 Mon Jan 2025	48.46	50.25	52.69	48.46	1.474 times

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

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 44.3, but if it comes above 44.3, then a intra day buy could be more profitable.
If you take a sell trade below 44.3, then use 44.3 as stoploss and 39 as target. However if you take a buy trade in stock , then use 44.3 as stoploss and 48.84 as target.

Share price targets for Mahalaxmi Fabric (MFML_BE)

Target Type	Value
Downside Target	40.85
Upside Target	43.55
Upside Target	46.97
Upside Target	48.00
Upside Target	50.00
Upside Target	51.10
Upside Target	52.69
Upside Target	54.50
Upside Target	58.30
Upside Target	58.35
Upside Target	59.65
Upside Target	61.00
Upside Target	91.29

Intraday share price targets for Mahalaxmi Fabric (MFML_BE)

Target Type	Value
Downside Intraday Target	40.29
Downside Intraday Target	37.5
Upside Intraday Target	46.44
Upside Intraday Target	49.8
Upside Intraday Target	43.65

Weekly technical analysis of Mahalaxmi Fabric (MFML_BE)

Date	Weekly Closing Price	Open	High	Low	Volume
17 Fri Jan 2025	43.09	46.00	47.00	40.85	0.355 times
10 Fri Jan 2025	45.00	50.25	52.69	43.55	4.812 times
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

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
17 Fri Jan 2025	43.09	48.00	53.36	40.85	0.421 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 down 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 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 red color and prices are below the red cloud Prices appear to be coming down

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

RSI is generating a SELL signal in short term but selling is losing 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 45.64 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.