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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 2024-06-21 View latest technical analysis

10 day averaged volume of Mahalaxmi Rubtech is 16590

Date	Daily Closing Price	Open	High	Low	Volume
21 Fri Jun 2024	205.95	214.55	214.55	204.00	0.341 times
20 Thu Jun 2024	208.19	215.00	215.00	205.60	0.646 times
19 Wed Jun 2024	206.74	213.34	213.34	205.00	0.635 times
18 Tue Jun 2024	210.66	210.00	214.00	210.00	0.587 times
14 Fri Jun 2024	210.06	216.90	216.90	208.00	0.965 times
13 Thu Jun 2024	211.40	222.84	222.84	210.11	0.773 times
12 Wed Jun 2024	215.40	217.95	218.99	209.38	1.272 times
11 Tue Jun 2024	212.77	213.10	221.80	212.00	0.971 times
10 Mon Jun 2024	213.05	217.05	225.00	210.00	2.423 times
07 Fri Jun 2024	211.40	217.85	217.85	207.40	1.301 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 204.5 as stoploss in an intra day buy trade for a target of 210.31. However, stock will show a bearish move below 204.5.

Share price targets for Mahalaxmi Rubtech (MHLXMIRU)

Target Type	Value
Downside Target	185.50
Downside Target	201.05
Upside Target	215.00
Upside Target	225.00
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	201.63
Downside Intraday Target	197.32
Upside Intraday Target	212.63
Upside Intraday Target	219.32
Upside Intraday Target	208.32

Weekly technical analysis of Mahalaxmi Rubtech (MHLXMIRU)

Date	Weekly Closing Price	Open	High	Low	Volume
21 Fri Jun 2024	205.95	210.00	215.00	204.00	0.345 times
14 Fri Jun 2024	210.06	217.05	225.00	208.00	0.761 times
07 Fri Jun 2024	211.40	212.00	219.95	185.50	1.449 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

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
21 Fri Jun 2024	205.95	212.00	225.00	185.50	0.125 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 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 negative, but trend is highly volatile. A longer duration price action analysis might give a better picture of the trend in this stock.

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

MACD generated a BUY signal for Mahalaxmi Rubtech in short term but the buy signal is initial and weak.

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 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 Rubtech 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

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 211.58 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.