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

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

10 day averaged volume of Mahalaxmi Rubtech is 12258

Date Daily Closing Price Open High Low Volume
02 Thu May 2024 204.55 190.20 206.35 190.20 1.022 times
30 Tue Apr 2024 196.55 199.85 202.25 195.00 0.467 times
29 Mon Apr 2024 197.25 204.95 208.00 195.00 0.615 times
26 Fri Apr 2024 204.95 210.00 218.00 203.95 0.711 times
25 Thu Apr 2024 214.65 220.25 220.25 213.30 0.517 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 215.2, but if it comes above 215.2, then a intra day buy could be more profitable.
If you take a sell trade below 215.2, then use 215.2 as stoploss and 176.4 as target. However if you take a buy trade in stock , then use 215.2 as stoploss and 247.54 as target.

Share price targets for Mahalaxmi Rubtech (MHLXMIRU_BE)

Target Type Value
Downside Target 190.20
Downside Target 195.00
Downside Target 203.95
Upside Target 231.00
Upside Target 238.00
Upside Target 252.00
Upside Target 258.00
Upside Target 280.00
Upside Target 284.90
Upside Target 292.00
Upside Target 294.90
Upside Target 304.00
Upside Target 320.00

Intraday share price targets for Mahalaxmi Rubtech (MHLXMIRU_BE)

Target Type Value
Downside Intraday Target 193.83
Downside Intraday Target 183.12
Upside Intraday Target 211.63
Upside Intraday Target 218.72
Downside Intraday Target 200.92

Weekly technical analysis of Mahalaxmi Rubtech (MHLXMIRU_BE)

Date Weekly Closing Price Open High Low Volume
02 Thu May 2024 204.55 204.95 208.00 190.20 0.621 times
26 Fri Apr 2024 204.95 238.00 238.00 203.95 0.871 times
19 Fri Apr 2024 231.00 220.00 231.00 210.00 2.331 times
22 Fri Mar 2024 279.40 262.40 284.90 262.40 0.289 times
15 Fri Mar 2024 267.75 288.00 292.00 252.00 0.962 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_BE)

Date Monthly Closing Price Open High Low Volume
02 Thu May 2024 204.55 190.20 206.35 190.20 0.122 times
30 Tue Apr 2024 196.55 220.00 238.00 195.00 0.569 times
22 Fri Mar 2024 279.40 300.00 304.00 252.00 0.946 times
29 Thu Feb 2024 292.75 294.90 294.90 258.00 0.618 times

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 Mahalaxmi Rubtech (MHLXMIRU_BE)

Indicator Name Indicator Value Indicator Signal
ADX 7, 41, 72 Sell
MACD -34, -26Sell
Stochastics 6Sell
CCI -85Buy
RSI 46Sell
OBV -142301Sell
VWAP 224Sell
ADL 0Sell
ROC -27Sell
Force Index 0Sell

Price action analysis of Mahalaxmi Rubtech ( (MHLXMIRU_BE) ) 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_BE) ) 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_BE) ) 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_BE) ) 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 SELL. Signal strength is Strong and stock is gaining 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 in or above 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 SELL signal in short term but selling is losing momentum.

MRSI is in positive zone. This is a BUY zone

Although the stock is in the BUY zone, but buying 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 223.57 and Mahalaxmi Rubtech (MHLXMIRU_BE) 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_BE) stock. Volume based technical analysis of Mahalaxmi Rubtech (MHLXMIRU_BE) 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.

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