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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 2024-06-05 View latest technical analysis

10 day averaged volume of Mahalaxmi Rubtech is 97702

Date	Daily Closing Price	Open	High	Low	Volume
05 Wed Jun 2024	203.70	200.00	205.75	189.75	0.504 times
04 Tue Jun 2024	193.95	210.00	214.05	185.50	0.387 times
03 Mon Jun 2024	208.75	212.00	219.95	206.45	0.245 times
31 Fri May 2024	210.15	214.95	214.95	209.95	0.15 times
30 Thu May 2024	210.15	213.65	213.65	210.00	0.113 times
29 Wed May 2024	211.60	210.00	216.30	210.00	0.133 times
28 Tue May 2024	210.20	219.00	224.00	208.30	0.263 times
27 Mon May 2024	219.05	228.05	234.75	216.40	0.326 times
24 Fri May 2024	224.75	251.80	257.50	223.70	2.132 times
23 Thu May 2024	245.20	206.00	245.20	205.30	6.153 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 202.4 as stoploss in an intra day buy trade for a target of 212.81. However, stock will show a bearish move below 202.4.

Share price targets for Mahalaxmi Rubtech (MHLXMIRU)

Target Type	Value
Downside Target	185.50
Downside Target	201.05
Upside Target	206.35
Upside Target	216.00
Upside Target	234.75
Upside Target	257.50
Upside Target	283.70
Upside Target	284.00
Upside Target	290.60
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	186.15
Downside Intraday Target	168.6
Upside Intraday Target	220.6
Upside Intraday Target	237.5
Downside Intraday Target	203.05

Weekly technical analysis of Mahalaxmi Rubtech (MHLXMIRU)

Date	Weekly Closing Price	Open	High	Low	Volume
05 Wed Jun 2024	203.70	212.00	219.95	185.50	1.151 times
31 Fri May 2024	210.15	228.05	234.75	208.30	0.116 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

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
05 Wed Jun 2024	203.70	212.00	219.95	185.50	0.049 times
31 Fri May 2024	210.15	218.20	290.60	201.05	1.516 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

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 neutral. A longer time frame might give a better analysis.

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 neutral. A longer time frame might give a better analysis.

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.

MACD line is moving upwards which means that SELL signal is weakening, and buying is picking up momentum.

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 BUY signal in short term but buying is losing momentum.

MRSI is in negative zone. This is the SELL 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 233.22 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.