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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 2024-05-22 View latest technical analysis

10 day averaged volume of Mahalaxmi Rubtech is 37190

Date	Daily Closing Price	Open	High	Low	Volume
22 Wed May 2024	204.35	204.00	209.70	201.05	0.254 times
21 Tue May 2024	203.85	212.00	212.00	202.55	0.366 times
18 Sat May 2024	210.60	210.30	218.95	210.00	0.209 times
17 Fri May 2024	210.25	214.00	214.50	210.00	0.493 times
16 Thu May 2024	210.75	216.85	216.85	210.00	0.287 times
15 Wed May 2024	212.35	217.00	219.20	207.65	1.04 times
14 Tue May 2024	210.85	214.00	220.00	210.00	0.888 times
13 Mon May 2024	215.50	210.50	224.15	210.50	0.888 times
10 Fri May 2024	211.25	229.00	238.15	206.35	0.975 times
09 Thu May 2024	228.95	243.40	245.90	225.05	1.704 times

My analysis of stock is bearish for shortterm, but stock is semi over sold and there are some chances of seeing a recovery tomorrow. Use 203.1 as stoploss in an intra day buy trade for a target of 257.78. However, stock will show a bearish move below 203.1.

Share price targets for Mahalaxmi Rubtech (MHLXMIRU)

Target Type	Value
Downside Target	189.05
Downside Target	201.05
Upside Target	206.35
Upside Target	212.00
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	199.6
Downside Intraday Target	194.85
Upside Intraday Target	210.55
Upside Intraday Target	216.75
Upside Intraday Target	205.8

Weekly technical analysis of Mahalaxmi Rubtech (MHLXMIRU)

Date	Weekly Closing Price	Open	High	Low	Volume
22 Wed May 2024	204.35	212.00	212.00	201.05	0.163 times
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

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
22 Wed May 2024	204.35	218.20	290.60	201.05	0.906 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 negative, but sellers have recently become active on the stock. This cannot be called a strong downtrend, specially if selected time duration is small

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 gaining 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 SELL signal for Mahalaxmi Rubtech 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 positive zone. This is a BUY zone

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

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 215.4 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.