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(MahaanFoods) Mahaan Foods complete technical analysis [charts+indicators] | Buy/Sell Mahaan Foods | (MahaanFoods) share price targets

Complete technical analysis of Mahaan Foods (MahaanFoods) by charts plus indicators, forecast predictions and share price targets for Mahaan Foods (MahaanFoods)

Showing technical analysis as on 2024-04-09 View latest technical analysis

10 day averaged volume of Mahaan Foods is 906

Date	Daily Closing Price	Open	High	Low	Volume
09 Tue Apr 2024	38.44	38.75	38.75	37.50	0.118 times
08 Mon Apr 2024	38.40	37.71	38.55	37.71	0.373 times
05 Fri Apr 2024	37.71	37.32	38.79	37.32	2.012 times
04 Thu Apr 2024	37.32	38.50	39.00	37.10	0.475 times
03 Wed Apr 2024	38.50	39.00	39.00	37.60	1.111 times
02 Tue Apr 2024	37.02	37.99	37.99	37.01	0.704 times
01 Mon Apr 2024	37.99	36.00	38.00	36.00	2.021 times
28 Thu Mar 2024	37.01	38.66	38.98	37.00	1.219 times
27 Wed Mar 2024	37.90	37.00	37.90	36.00	0.715 times
26 Tue Mar 2024	37.00	38.39	38.39	37.00	0.403 times

My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 38.2, but if it comes below 38.2, then a intra day sell could be more profitable.
If you take a sell trade below 38.2, then use 38.2 as stoploss and 37.63 as target. However if you take a buy trade in stock , then use 38.2 as stoploss and 39 as target.

Share price targets for Mahaan Foods (MahaanFoods)

Target Type	Value
Downside Target	32.50
Downside Target	34.03
Downside Target	36.00
Downside Target	37.50
Upside Target	38.75
Upside Target	39.00
Upside Target	39.99
Upside Target	40.40
Upside Target	41.50
Upside Target	48.50
Upside Target	49.94

Intraday share price targets for Mahaan Foods (MahaanFoods)

Target Type	Value
Downside Intraday Target	37.71
Downside Intraday Target	36.98
Upside Intraday Target	38.96
Upside Intraday Target	39.48
Downside Intraday Target	38.23

Weekly technical analysis of Mahaan Foods (MahaanFoods)

Date	Weekly Closing Price	Open	High	Low	Volume
09 Tue Apr 2024	38.44	37.71	38.75	37.50	0.078 times
05 Fri Apr 2024	37.71	36.00	39.00	36.00	2.706 times
28 Thu Mar 2024	37.01	38.39	38.98	36.00	0.579 times
22 Fri Mar 2024	38.39	39.00	39.00	36.26	0.548 times
15 Fri Mar 2024	37.84	37.31	39.99	34.03	1.786 times

Price has moved up 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 Mahaan Foods (MahaanFoods)

Date	Monthly Closing Price	Open	High	Low	Volume
09 Tue Apr 2024	38.44	36.00	39.00	36.00	0.341 times
28 Thu Mar 2024	37.01	40.00	41.50	34.03	0.334 times
29 Thu Feb 2024	40.00	45.69	49.94	34.70	0.522 times
31 Wed Jan 2024	46.86	37.90	48.50	36.66	2.037 times

Scroll below to view daily charts

Price has moved up 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 Mahaan Foods (MahaanFoods)

Price action analysis of Mahaan Foods ( (MahaanFoods) ) based on a short term time period is positive, but trend is highly volatile. A longer time period analysis might give a better idea of the trend.

Price action analysis of Mahaan Foods ( (MahaanFoods) ) 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 Mahaan Foods ( (MahaanFoods) ) based on a short to mid 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 Mahaan Foods ( (MahaanFoods) ) 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 Mahaan Foods stock for short term is SELL. Signal strength is Strong and stock is gaining momentum.

MACD generated a BUY signal for Mahaan Foods 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.

Mahaan Foods Stock is trading near its recent HIGHS, which reflects strong buying momentum in short term! Bulls are getting stronger in this stock.

Ichimoku cloud is of red color and prices are in or above the red cloud Prices appear to be moving up

CCI has generated a buy signal for Mahaan Foods in short term and BUY signal is strong.

RSI is generating a SELL signal in short term and selling is picking up 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 Mahaan Foods is picking up selling momentum according to indicator.

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 37.72 and Mahaan Foods (MahaanFoods) 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 Mahaan Foods (MahaanFoods) stock. Volume based technical analysis of Mahaan Foods (MahaanFoods) stock is negative.

Mahaan Foods Stock is giving positive 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.