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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)

10 day averaged volume of Mahalaxmi Fabric is 8308

Date	Daily Closing Price	Open	High	Low	Volume
28 Tue Jan 2025	36.73	34.91	37.99	34.91	1.523 times
27 Mon Jan 2025	36.75	38.76	38.76	36.75	0.453 times
24 Fri Jan 2025	38.69	40.70	40.70	37.00	0.55 times
23 Thu Jan 2025	38.77	35.08	38.77	35.08	2.091 times
22 Wed Jan 2025	36.93	38.88	38.88	36.93	0.696 times
21 Tue Jan 2025	38.88	40.95	40.95	38.88	0.931 times
20 Mon Jan 2025	40.93	43.09	44.00	40.93	1.975 times
17 Fri Jan 2025	43.09	46.00	46.00	42.61	2.438 times
16 Thu Jan 2025	44.80	43.02	44.80	42.02	0.315 times
15 Wed Jan 2025	43.00	47.00	47.00	42.80	0.105 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 38.8, but if it comes above 38.8, then a intra day buy could be more profitable.
If you take a sell trade below 38.8, then use 38.8 as stoploss and 33.1 as target. However if you take a buy trade in stock , then use 38.8 as stoploss and 43.55 as target.

Share price targets for Mahalaxmi Fabric (MFML_BE)

Target Type	Value
Downside Target	34.91
Upside Target	38.76
Upside Target	40.85
Upside Target	43.55
Upside Target	46.97
Upside Target	48.00
Upside Target	50.00
Upside Target	52.69
Upside Target	53.36
Upside Target	54.50
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	34.84
Downside Intraday Target	32.95
Upside Intraday Target	38.69
Upside Intraday Target	40.65
Upside Intraday Target	36.8

Weekly technical analysis of Mahalaxmi Fabric (MFML_BE)

Date	Weekly Closing Price	Open	High	Low	Volume
28 Tue Jan 2025	36.73	38.76	38.76	34.91	0.316 times
24 Fri Jan 2025	38.69	43.09	44.00	35.08	1.829 times
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

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
28 Tue Jan 2025	36.73	48.00	53.36	34.91	0.669 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 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 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 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 but selling is losing 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 39.84 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.