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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 2024-06-26 View latest technical analysis

10 day averaged volume of Mahalaxmi Rubtech is 14423

Date	Daily Closing Price	Open	High	Low	Volume
26 Wed Jun 2024	201.49	206.00	207.78	200.11	1.021 times
25 Tue Jun 2024	207.42	205.52	209.00	201.02	1.162 times
24 Mon Jun 2024	202.90	210.15	221.39	198.00	1.716 times
21 Fri Jun 2024	205.95	214.55	214.55	204.00	0.392 times
20 Thu Jun 2024	208.19	215.00	215.00	205.60	0.743 times
19 Wed Jun 2024	206.74	213.34	213.34	205.00	0.73 times
18 Tue Jun 2024	210.66	210.00	214.00	210.00	0.676 times
14 Fri Jun 2024	210.06	216.90	216.90	208.00	1.11 times
13 Thu Jun 2024	211.40	222.84	222.84	210.11	0.89 times
12 Wed Jun 2024	215.40	217.95	218.99	209.38	1.464 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 203.5, but if it comes above 203.5, then a intra day buy could be more profitable.
If you take a sell trade below 203.5, then use 203.5 as stoploss and 197.8 as target. However if you take a buy trade in stock , then use 203.5 as stoploss and 208.2 as target.

Share price targets for Mahalaxmi Rubtech (MHLXMIRU)

Target Type	Value
Downside Target	185.50
Downside Target	198.00
Upside Target	215.00
Upside Target	225.00
Upside Target	234.75
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	192.53
Downside Intraday Target	183.57
Upside Intraday Target	215.92
Upside Intraday Target	230.35
Upside Intraday Target	206.96

Weekly technical analysis of Mahalaxmi Rubtech (MHLXMIRU)

Date	Weekly Closing Price	Open	High	Low	Volume
26 Wed Jun 2024	201.49	210.15	221.39	198.00	1.534 times
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

Price has moved down this week, and volume has increased substantially. This means that the move can continue in coming weeks.

Monthly technical analysis of Mahalaxmi Rubtech (MHLXMIRU)

Date	Monthly Closing Price	Open	High	Low	Volume
26 Wed Jun 2024	201.49	212.00	225.00	185.50	0.15 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 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 negative, but trend is highly volatile. A longer duration price action analysis might give a better picture of the trend in this stock.

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

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.

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 coming down

CCI has generated a SELL signal for Mahalaxmi Rubtech in short term and SELL signal is strong!

RSI is generating a BUY signal in short term and the buying is gaining 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 208.03 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.