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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 2024-08-23 View latest technical analysis

10 day averaged volume of Mahalaxmi Rubtech is 86036

Date	Daily Closing Price	Open	High	Low	Volume
23 Fri Aug 2024	183.35	182.00	187.00	181.01	0.505 times
22 Thu Aug 2024	179.50	177.55	208.34	175.41	6.414 times
21 Wed Aug 2024	173.62	182.00	182.00	171.97	0.198 times
20 Tue Aug 2024	177.53	179.54	180.81	174.31	0.158 times
19 Mon Aug 2024	173.82	183.00	183.00	171.16	0.152 times
16 Fri Aug 2024	175.68	167.61	179.79	167.61	0.156 times
14 Wed Aug 2024	169.08	182.68	182.68	167.00	0.449 times
13 Tue Aug 2024	181.35	182.90	192.40	180.10	0.156 times
12 Mon Aug 2024	185.48	189.90	193.40	185.00	0.405 times
09 Fri Aug 2024	188.96	188.15	195.00	185.99	1.485 times

My analysis of stock is bearish for shortterm, and stock might move down till 177.2 or till 164.8. Use a stoploss of 187.5 and if the stock hits stoploss, then it can shoot up till 197.84

Share price targets for Mahalaxmi Rubtech (MHLXMIRU)

Target Type	Value
Downside Target	167.00
Downside Target	171.16
Upside Target	185.50
Upside Target	193.40
Upside Target	199.45
Upside Target	208.34
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	166.89
Downside Intraday Target	150.44
Upside Intraday Target	204.07
Upside Intraday Target	224.8
Upside Intraday Target	187.62

Weekly technical analysis of Mahalaxmi Rubtech (MHLXMIRU)

Date	Weekly Closing Price	Open	High	Low	Volume
23 Fri Aug 2024	183.35	183.00	208.34	171.16	6.369 times
16 Fri Aug 2024	175.68	189.90	193.40	167.00	0.266 times
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

Price has moved up 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
23 Fri Aug 2024	183.35	202.00	208.34	167.00	0.877 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 positive! This means that there is a strong uptrend in the stock for the given time period. Buyers are extremely bullish on the stock.

Price action analysis of Mahalaxmi Rubtech ( (MHLXMIRU) ) based on a short term time period is positive, but buyers have become active on the stock recently. This cannot be a definite uptrend, specially if selected time duration is small.

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 Strong 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 in short term is moving inside a range for now. Please check in a day or two to for a better buy sell signal. 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 SELL signal for Mahalaxmi Rubtech in short term but SELL 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 180.6 and Mahalaxmi Rubtech (MHLXMIRU) stock is trading above this level. This is a good sign for the stock and it could move higher. 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.