Daily Technical Analysis Weekly Analysis Monthly Analysis Renko chart MACD chart Bollinger Bands chart Stochastics charts Force Index charts

(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 2024-08-09 View latest technical analysis

10 day averaged volume of Mahalaxmi Rubtech is 39279

Date	Daily Closing Price	Open	High	Low	Volume
09 Fri Aug 2024	188.96	188.15	195.00	185.99	3.254 times
08 Thu Aug 2024	188.15	190.31	191.66	187.01	0.934 times
07 Wed Aug 2024	188.33	192.79	194.23	187.01	2.932 times
06 Tue Aug 2024	189.36	197.35	199.26	189.00	2.156 times
05 Mon Aug 2024	195.35	199.45	199.45	190.47	0.333 times
02 Fri Aug 2024	199.45	197.64	206.29	195.01	0.95 times
01 Thu Aug 2024	197.54	202.00	202.00	196.50	0.593 times
31 Wed Jul 2024	197.58	204.00	204.00	197.02	0.41 times
30 Tue Jul 2024	200.97	208.80	208.80	199.01	0.514 times
29 Mon Jul 2024	204.97	204.00	209.80	199.75	0.927 times

Stock of Mahalaxmi Rubtech (MHLXMIRU) has showed a significant upmove. This could be a good time to enter in this stock!

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 191, but if it comes above 191, then a intra day buy could be more profitable.
If you take a sell trade below 191, then use 191 as stoploss and 185.7 as target. However if you take a buy trade in stock , then use 191 as stoploss and 195.41 as target.

Share price targets for Mahalaxmi Rubtech (MHLXMIRU)

Target Type	Value
Downside Target	185.50
Upside Target	195.01
Upside Target	205.01
Upside Target	206.29
Upside Target	209.00
Upside Target	209.80
Upside Target	225.00
Upside Target	233.59
Upside Target	284.00
Upside Target	290.60
Upside Target	376.00

Intraday share price targets for Mahalaxmi Rubtech (MHLXMIRU)

Target Type	Value
Downside Intraday Target	183.48
Downside Intraday Target	178.01
Upside Intraday Target	196.94
Upside Intraday Target	204.93
Upside Intraday Target	191.47

Weekly technical analysis of Mahalaxmi Rubtech (MHLXMIRU)

Date	Weekly Closing Price	Open	High	Low	Volume
09 Fri Aug 2024	188.96	199.45	199.45	185.99	2.83 times
02 Fri Aug 2024	199.45	204.00	209.80	195.01	1.266 times
26 Fri Jul 2024	199.94	198.00	204.31	185.60	0.446 times
19 Fri Jul 2024	194.93	198.32	205.01	186.35	0.888 times
12 Fri Jul 2024	198.32	209.00	209.00	197.50	0.401 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
09 Fri Aug 2024	188.96	202.00	206.29	185.99	0.326 times
31 Wed Jul 2024	197.58	202.81	233.59	185.60	3.683 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

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 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 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 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

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 192.04 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.