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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 2024-05-29 View latest technical analysis

10 day averaged volume of Mahalaxmi Rubtech is 96560

Date	Daily Closing Price	Open	High	Low	Volume
29 Wed May 2024	211.60	210.00	216.30	210.00	0.135 times
28 Tue May 2024	210.20	219.00	224.00	208.30	0.266 times
27 Mon May 2024	219.05	228.05	234.75	216.40	0.33 times
24 Fri May 2024	224.75	251.80	257.50	223.70	2.157 times
23 Thu May 2024	245.20	206.00	245.20	205.30	6.226 times
22 Wed May 2024	204.35	204.00	209.70	201.05	0.098 times
21 Tue May 2024	203.85	212.00	212.00	202.55	0.141 times
18 Sat May 2024	210.60	210.30	218.95	210.00	0.08 times
17 Fri May 2024	210.25	214.00	214.50	210.00	0.19 times
16 Thu May 2024	210.75	216.85	216.85	210.00	0.111 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 196.1 as stoploss in an intra day buy trade for a target of 230.15. However, stock will show a bearish move below 196.1.

Share price targets for Mahalaxmi Rubtech (MHLXMIRU)

Target Type	Value
Downside Target	189.05
Downside Target	201.05
Downside Target	206.35
Upside Target	216.00
Upside Target	224.15
Upside Target	234.75
Upside Target	257.50
Upside Target	262.95
Upside Target	283.70
Upside Target	290.60
Upside Target	305.50
Upside Target	322.25
Upside Target	334.95
Upside Target	376.00

Intraday share price targets for Mahalaxmi Rubtech (MHLXMIRU)

Target Type	Value
Downside Intraday Target	201.68
Downside Intraday Target	191.77
Upside Intraday Target	228.13
Upside Intraday Target	244.67
Upside Intraday Target	218.22

Weekly technical analysis of Mahalaxmi Rubtech (MHLXMIRU)

Date	Weekly Closing Price	Open	High	Low	Volume
29 Wed May 2024	211.60	228.05	234.75	208.30	0.085 times
24 Fri May 2024	224.75	212.00	257.50	201.05	5.885 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

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
29 Wed May 2024	211.60	218.20	290.60	201.05	1.498 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 positive! This means that there is a strong uptrend in the stock for the given time period. Buyers are extremely bullish on the 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 BUY. 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 getting stronger in this stock.

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 235.99 and Mahalaxmi Rubtech (MHLXMIRU) stock is trading below this level. This means that stock is falling with high volumes. VWAP is rising upwards.

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.