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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 2025-02-20 View latest technical analysis

10 day averaged volume of Mahalaxmi Fabric is 4479

Date	Daily Closing Price	Open	High	Low	Volume
20 Thu Feb 2025	33.50	33.50	33.50	33.49	0.184 times
19 Wed Feb 2025	33.50	32.51	34.13	30.88	0.599 times
18 Tue Feb 2025	32.51	32.47	35.88	32.47	1.156 times
17 Mon Feb 2025	34.18	35.00	37.48	33.91	0.377 times
14 Fri Feb 2025	35.70	35.75	35.75	33.96	0.159 times
13 Thu Feb 2025	35.75	35.75	35.90	35.75	0.33 times
12 Wed Feb 2025	35.94	35.72	37.61	35.72	0.515 times
11 Tue Feb 2025	37.61	37.61	41.55	37.61	0.161 times
10 Mon Feb 2025	39.59	38.62	39.69	36.06	0.327 times
07 Fri Feb 2025	37.86	35.50	37.86	35.50	5.698 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 34.6, but if it comes above 34.6, then a intra day buy could be more profitable.
If you take a sell trade below 34.6, then use 34.6 as stoploss and 32.4 as target. However if you take a buy trade in stock , then use 34.6 as stoploss and 36.49 as target.

Share price targets for Mahalaxmi Fabric (MFML_BE)

Target Type	Value
Downside Target	30.88
Upside Target	33.96
Upside Target	34.91
Upside Target	37.48
Upside Target	38.76
Upside Target	41.55
Upside Target	44.00
Upside Target	48.00
Upside Target	48.81
Upside Target	50.00
Upside Target	53.36
Upside Target	58.35
Upside Target	59.65
Upside Target	61.00

Intraday share price targets for Mahalaxmi Fabric (MFML_BE)

Target Type	Value
Downside Intraday Target	30.43
Downside Intraday Target	27.35
Upside Intraday Target	37.03
Upside Intraday Target	40.55
Upside Intraday Target	33.95

Weekly technical analysis of Mahalaxmi Fabric (MFML_BE)

Date	Weekly Closing Price	Open	High	Low	Volume
20 Thu Feb 2025	33.50	35.00	37.48	30.88	1.553 times
14 Fri Feb 2025	35.70	38.62	41.55	33.96	0.213 times
07 Fri Feb 2025	37.86	37.80	39.00	35.50	1.522 times
31 Fri Jan 2025	36.00	38.76	38.76	34.91	0.398 times
24 Fri Jan 2025	38.69	43.09	44.00	35.08	1.829 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
20 Thu Feb 2025	33.50	37.80	41.55	30.88	0.257 times
31 Fri Jan 2025	36.00	48.00	53.36	34.91	0.685 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

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 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.

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 LOWS in short term which reflects strong selling momentum. 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 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 negative zone. This is the SELL zone

Although the stock is in the SELL zone, but selling 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 36.55 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.