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(MHLXMIRU) Mahalaxmi Rubtech complete technical analysis [charts+indicators] | Buy/Sell Mahalaxmi Rubtech | (MHLXMIRU) share price targets

Complete technical analysis of Mahalaxmi Rubtech (MHLXMIRU) by charts plus indicators, forecast predictions and share price targets for Mahalaxmi Rubtech (MHLXMIRU)

Showing technical analysis as on 2024-05-18 View latest technical analysis

10 day averaged volume of Mahalaxmi Rubtech is 131690

Date	Daily Closing Price	Open	High	Low	Volume
18 Sat May 2024	210.60	210.30	218.95	210.00	0.059 times
17 Fri May 2024	210.25	214.00	214.50	210.00	0.139 times
16 Thu May 2024	210.75	216.85	216.85	210.00	0.081 times
15 Wed May 2024	212.35	217.00	219.20	207.65	0.294 times
14 Tue May 2024	210.85	214.00	220.00	210.00	0.251 times
13 Mon May 2024	215.50	210.50	224.15	210.50	0.251 times
10 Fri May 2024	211.25	229.00	238.15	206.35	0.275 times
09 Thu May 2024	228.95	243.40	245.90	225.05	0.481 times
08 Wed May 2024	243.40	241.95	249.80	233.40	0.89 times
07 Tue May 2024	238.90	275.00	290.60	232.20	6.476 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 214.5, but if it comes above 214.5, then a intra day buy could be more profitable.
If you take a sell trade below 214.5, then use 214.5 as stoploss and 151.3 as target. However if you take a buy trade in stock , then use 214.5 as stoploss and 267.2 as target.

Share price targets for Mahalaxmi Rubtech (MHLXMIRU)

Target Type	Value
Downside Target	189.05
Downside Target	206.35
Upside Target	216.00
Upside Target	224.15
Upside Target	262.95
Upside Target	283.70
Upside Target	290.60
Upside Target	296.50
Upside Target	305.50
Upside Target	322.25
Upside Target	334.95
Upside Target	348.50
Upside Target	376.00

Intraday share price targets for Mahalaxmi Rubtech (MHLXMIRU)

Target Type	Value
Downside Intraday Target	204.12
Downside Intraday Target	197.63
Upside Intraday Target	220.62
Upside Intraday Target	230.63
Upside Intraday Target	214.13

Weekly technical analysis of Mahalaxmi Rubtech (MHLXMIRU)

Date	Weekly Closing Price	Open	High	Low	Volume
18 Sat May 2024	210.60	210.50	224.15	207.65	0.12 times
10 Fri May 2024	211.25	218.20	290.60	206.35	1.599 times
18 Thu Apr 2024	318.50	325.00	376.00	305.50	1.278 times
12 Fri Apr 2024	322.00	302.05	348.50	296.50	3.443 times
05 Fri Apr 2024	301.40	290.50	310.00	284.00	0.23 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 Rubtech (MHLXMIRU)

Date	Monthly Closing Price	Open	High	Low	Volume
18 Sat May 2024	210.60	218.20	290.60	206.35	0.891 times
18 Thu Apr 2024	318.50	290.50	376.00	284.00	2.031 times
28 Thu Mar 2024	291.15	307.95	334.95	283.70	0.362 times
21 Thu Dec 2023	311.35	220.00	322.25	216.00	2.41 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 Rubtech (MHLXMIRU)

Price action analysis of Mahalaxmi Rubtech ( (MHLXMIRU) ) 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 Rubtech ( (MHLXMIRU) ) 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 Rubtech ( (MHLXMIRU) ) 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 Rubtech ( (MHLXMIRU) ) based on a mid to longer 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.

ADX buy sell signal for Mahalaxmi Rubtech stock for short term is SELL. Signal strength is Weak and stock is losing momentum.

MACD generated a SELL signal for Mahalaxmi Rubtech in short term and the sell signal is strong.

Mahalaxmi Rubtech 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 moving up

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

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

Although the stock is in the SELL zone, but selling might be slowing down

Stock of Mahalaxmi Rubtech is picking up selling momentum according to indicator.

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 234.87 and Mahalaxmi Rubtech (MHLXMIRU) 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 Rubtech (MHLXMIRU) stock. Volume based technical analysis of Mahalaxmi Rubtech (MHLXMIRU) stock is negative.

Mahalaxmi Rubtech 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.