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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 2024-07-16 View latest technical analysis

10 day averaged volume of Mahalaxmi Rubtech is 103065

Date	Daily Closing Price	Open	High	Low	Volume
16 Tue Jul 2024	192.29	201.99	201.99	186.35	0.997 times
15 Mon Jul 2024	197.19	198.32	205.01	196.03	1.058 times
12 Fri Jul 2024	198.32	202.01	203.99	197.50	0.671 times
11 Thu Jul 2024	201.07	203.16	206.67	198.91	0.367 times
10 Wed Jul 2024	200.22	204.68	207.95	200.00	1.004 times
09 Tue Jul 2024	204.88	204.75	206.76	202.42	0.417 times
08 Mon Jul 2024	204.97	209.00	209.00	203.00	0.121 times
05 Fri Jul 2024	206.36	202.06	208.00	202.06	0.515 times
04 Thu Jul 2024	202.06	206.00	207.59	201.60	1.259 times
03 Wed Jul 2024	202.74	205.00	208.90	202.00	1.312 times

Although my analysis for stock is bearish for shortterm, but stock is in heavy over sold zones and there are high chances of some recovery tomorrow. You might want to buy the stock tomorrow in intra day with a stoploss of 193.7, for a target of 198.3 or 202.19

Share price targets for Mahalaxmi Rubtech (MHLXMIRU)

Target Type	Value
Downside Target	185.50
Upside Target	197.01
Upside Target	215.00
Upside Target	221.39
Upside Target	225.00
Upside Target	233.59
Upside Target	283.70
Upside Target	284.00
Upside Target	290.60
Upside Target	334.95
Upside Target	376.00

Intraday share price targets for Mahalaxmi Rubtech (MHLXMIRU)

Target Type	Value
Downside Intraday Target	184.09
Downside Intraday Target	175.89
Upside Intraday Target	202.75
Upside Intraday Target	213.21
Upside Intraday Target	194.55

Weekly technical analysis of Mahalaxmi Rubtech (MHLXMIRU)

Date	Weekly Closing Price	Open	High	Low	Volume
16 Tue Jul 2024	192.29	198.32	205.01	186.35	0.796 times
12 Fri Jul 2024	198.32	209.00	209.00	197.50	0.401 times
05 Fri Jul 2024	206.36	202.81	233.59	197.01	8.069 times
28 Fri Jun 2024	199.82	210.15	221.39	197.01	2.241 times
21 Fri Jun 2024	205.95	210.00	215.00	204.00	0.345 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
16 Tue Jul 2024	192.29	202.81	233.59	186.35	3.128 times
28 Fri Jun 2024	199.82	212.00	225.00	185.50	0.162 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

Scroll below to view daily charts

Price has moved down this month, and volume has increased substantially. This means that the move can 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 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 SELL. Signal strength is Weak and stock is losing 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 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 but buying 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 200.12 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.