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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 2024-10-03 View latest technical analysis

10 day averaged volume of Mahalaxmi Rubtech is 12195

Date	Daily Closing Price	Open	High	Low	Volume
03 Thu Oct 2024	164.67	164.92	168.40	163.57	0.548 times
01 Tue Oct 2024	165.66	170.00	170.00	165.00	0.291 times
30 Mon Sep 2024	165.95	170.00	170.00	164.81	0.431 times
27 Fri Sep 2024	167.97	172.00	174.50	164.25	1.548 times
26 Thu Sep 2024	167.83	168.90	173.79	164.10	1.683 times
25 Wed Sep 2024	164.83	166.17	168.00	164.05	0.495 times
24 Tue Sep 2024	165.38	169.41	170.39	165.00	0.886 times
23 Mon Sep 2024	166.00	168.99	173.99	164.50	1.651 times
20 Fri Sep 2024	168.29	167.80	170.70	164.25	0.672 times
19 Thu Sep 2024	166.53	166.30	172.36	166.10	0.604 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 165.8, but if it comes above 165.8, then a intra day buy could be more profitable.
If you take a sell trade below 165.8, then use 165.8 as stoploss and 162.3 as target. However if you take a buy trade in stock , then use 165.8 as stoploss and 168.78 as target.

Share price targets for Mahalaxmi Rubtech (MHLXMIRU)

Target Type	Value
Downside Target	163.57
Upside Target	174.50
Upside Target	175.99
Upside Target	177.00
Upside Target	178.85
Upside Target	185.50
Upside Target	185.60
Upside Target	208.34
Upside Target	225.00
Upside Target	233.59

Intraday share price targets for Mahalaxmi Rubtech (MHLXMIRU)

Target Type	Value
Downside Intraday Target	162.16
Downside Intraday Target	159.65
Upside Intraday Target	168.59
Upside Intraday Target	172.51
Upside Intraday Target	166.08

Weekly technical analysis of Mahalaxmi Rubtech (MHLXMIRU)

Date	Weekly Closing Price	Open	High	Low	Volume
03 Thu Oct 2024	164.67	170.00	170.00	163.57	0.203 times
27 Fri Sep 2024	167.97	168.99	174.50	164.05	1.671 times
20 Fri Sep 2024	168.29	175.99	175.99	164.25	1.039 times
13 Fri Sep 2024	173.51	170.02	177.00	168.80	0.799 times
06 Fri Sep 2024	170.16	174.00	178.85	168.00	0.521 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
03 Thu Oct 2024	164.67	170.00	170.00	163.57	0.045 times
30 Mon Sep 2024	165.95	174.00	178.85	164.05	0.176 times
30 Fri Aug 2024	173.33	202.00	208.34	167.00	0.955 times
31 Wed Jul 2024	197.58	202.81	233.59	185.60	3.683 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 neutral. A longer time frame might give a better analysis.

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 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 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 166.68 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.