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(MahalaxmiFabric) Mahalaxmi Fabric complete technical analysis [charts+indicators] | Buy/Sell Mahalaxmi Fabric | (MahalaxmiFabric) share price targets

Complete technical analysis of Mahalaxmi Fabric (MahalaxmiFabric) by charts plus indicators, forecast predictions and share price targets for Mahalaxmi Fabric (MahalaxmiFabric)

Showing technical analysis as on 2024-12-16 View latest technical analysis

10 day averaged volume of Mahalaxmi Fabric is 1364

Date	Daily Closing Price	Open	High	Low	Volume
16 Mon Dec 2024	56.35	61.08	61.08	56.30	1.114 times
13 Fri Dec 2024	59.24	60.42	60.42	55.20	2.724 times
12 Thu Dec 2024	57.55	54.83	57.55	54.83	1.143 times
11 Wed Dec 2024	54.81	54.21	54.81	49.59	3.751 times
10 Tue Dec 2024	52.20	52.20	52.20	52.20	0.001 times
09 Mon Dec 2024	50.51	51.60	51.60	50.51	1.027 times
06 Fri Dec 2024	51.60	50.00	51.60	50.00	0.408 times
05 Thu Dec 2024	51.65	50.00	51.70	50.00	0.348 times
04 Wed Dec 2024	51.71	51.71	51.71	51.71	0.136 times
02 Mon Dec 2024	49.25	51.84	53.60	49.25	0.457 times

My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 55.3, but if it comes below 55.3, then a intra day sell could be more profitable.
If you take a sell trade below 55.3, then use 55.3 as stoploss and 52.9 as target. However if you take a buy trade in stock , then use 55.3 as stoploss and 58.2 as target.

Share price targets for Mahalaxmi Fabric (MahalaxmiFabric)

Target Type	Value
Downside Target	49.25
Downside Target	52.17
Downside Target	56.30
Upside Target	58.40
Upside Target	60.42
Upside Target	60.85
Upside Target	61.08
Upside Target	90.75
Upside Target	95.52
Upside Target	106.00

Intraday share price targets for Mahalaxmi Fabric (MahalaxmiFabric)

Target Type	Value
Downside Intraday Target	54.74
Downside Intraday Target	53.13
Upside Intraday Target	59.52
Upside Intraday Target	62.69
Upside Intraday Target	57.91

Weekly technical analysis of Mahalaxmi Fabric (MahalaxmiFabric)

Date	Weekly Closing Price	Open	High	Low	Volume
16 Mon Dec 2024	56.35	61.08	61.08	56.30	0.129 times
13 Fri Dec 2024	59.24	51.60	60.42	49.59	6.41 times
06 Fri Dec 2024	51.60	51.84	53.60	49.25	4.035 times
29 Fri Nov 2024	51.84	50.40	52.50	49.88	0.367 times
22 Fri Nov 2024	52.98	53.00	53.00	50.34	1.465 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 Fabric (MahalaxmiFabric)

Date	Monthly Closing Price	Open	High	Low	Volume
16 Mon Dec 2024	56.35	51.84	61.08	49.25	2.413 times
29 Fri Nov 2024	51.84	54.51	58.40	49.88	0.989 times
31 Thu Oct 2024	55.62	60.10	60.85	52.17	0.037 times
30 Mon Sep 2024	58.35	90.75	90.75	53.27	163.404 times

Scroll below to view daily charts

Price has moved up this month, and volume has increased substantially. This means that the move can continue in coming months.

Indicators analysis of Mahalaxmi Fabric (MahalaxmiFabric)

Price action analysis of Mahalaxmi Fabric ( (MahalaxmiFabric) ) 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 Fabric ( (MahalaxmiFabric) ) 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 Mahalaxmi Fabric ( (MahalaxmiFabric) ) based on a mid to longer term time period is neutral. A longer time frame might give a better analysis.

ADX buy sell signal for Mahalaxmi Fabric stock for short term is BUY. Signal strength is Strong and stock is gaining momentum.

MACD generated a BUY signal for Mahalaxmi Fabric 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 Fabric Stock is trading near its recent HIGHS, which reflects strong buying momentum in short term! Bulls are getting tired and bears are picking up momentum.

Ichimoku cloud is of green color and prices are above the green cloud Prices appear to be coming down

CCI has generated a SELL signal for Mahalaxmi Fabric 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

Stock of Mahalaxmi Fabric is picking up buying momentum according to indicator.

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 55.45 and Mahalaxmi Fabric (MahalaxmiFabric) stock is trading above this level. This is a good sign for the stock and it could move higher. VWAP is rising upwards.

People seem to be coming out and selling the Mahalaxmi Fabric (MahalaxmiFabric) stock. Volume based technical analysis of Mahalaxmi Fabric (MahalaxmiFabric) stock is negative.

Mahalaxmi Fabric 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.