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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 2024-02-16 View latest technical analysis

10 day averaged volume of Mahaan Foods is 3638

Date	Daily Closing Price	Open	High	Low	Volume
16 Fri Feb 2024	40.06	39.05	41.99	39.05	0.252 times
15 Thu Feb 2024	41.45	40.80	41.99	39.05	0.755 times
14 Wed Feb 2024	39.97	39.31	41.00	34.70	1.748 times
13 Tue Feb 2024	39.31	44.00	44.00	39.01	0.664 times
12 Mon Feb 2024	44.00	45.05	45.50	42.05	0.525 times
09 Fri Feb 2024	45.00	46.05	46.05	44.00	0.687 times
08 Thu Feb 2024	47.05	48.00	48.25	46.10	0.753 times
07 Wed Feb 2024	46.55	48.00	48.90	46.51	0.7 times
06 Tue Feb 2024	47.01	49.18	49.18	46.00	0.67 times
05 Mon Feb 2024	48.67	46.95	49.94	46.26	2.243 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 41.9, but if it comes above 41.9, then a intra day buy could be more profitable.
If you take a sell trade below 41.9, then use 41.9 as stoploss and 38.8 as target. However if you take a buy trade in stock , then use 41.9 as stoploss and 44.45 as target.

Share price targets for Mahaan Foods (MahaanFoods)

Target Type	Value
Downside Target	27.50
Downside Target	28.10
Downside Target	32.50
Downside Target	34.70
Downside Target	35.95
Upside Target	40.40
Upside Target	42.05
Upside Target	44.00
Upside Target	45.50
Upside Target	47.50
Upside Target	48.50
Upside Target	49.94

Intraday share price targets for Mahaan Foods (MahaanFoods)

Target Type	Value
Downside Intraday Target	34.67
Downside Intraday Target	29.29
Upside Intraday Target	45.47
Upside Intraday Target	50.89
Upside Intraday Target	40.09

Weekly technical analysis of Mahaan Foods (MahaanFoods)

Date	Weekly Closing Price	Open	High	Low	Volume
16 Fri Feb 2024	40.06	45.05	45.50	34.70	0.78 times
09 Fri Feb 2024	45.00	46.95	49.94	44.00	0.865 times
02 Fri Feb 2024	46.65	47.25	48.50	44.02	1.801 times
25 Thu Jan 2024	45.80	43.52	45.88	42.05	0.347 times
19 Fri Jan 2024	43.52	43.45	47.50	41.00	1.598 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 Mahaan Foods (MahaanFoods)

Date	Monthly Closing Price	Open	High	Low	Volume
16 Fri Feb 2024	40.06	45.69	49.94	34.70	0.379 times
31 Wed Jan 2024	46.86	37.90	48.50	36.66	2.037 times
29 Fri Dec 2023	37.57	33.00	40.40	32.50	0.793 times
30 Thu Nov 2023	34.04	31.90	35.95	28.10	1.259 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 Mahaan Foods (MahaanFoods)

Price action analysis of Mahaan Foods ( (MahaanFoods) ) 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 Mahaan Foods ( (MahaanFoods) ) 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 Mahaan Foods ( (MahaanFoods) ) based on a mid to longer 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.

ADX buy sell signal for Mahaan Foods stock for short term is SELL. Signal strength is Strong and stock is losing momentum.

MACD generated a SELL signal for Mahaan Foods in short term but the sell signal is initial and weak.

Mahaan Foods 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 coming down

CCI has generated a SELL signal for Mahaan Foods in short term and SELL signal is strong!

RSI is generating a SELL signal in short term and selling is picking up momentum.

MRSI is in positive zone. This is a BUY zone

Stock of Mahaan Foods is picking up buying momentum according to indicator.

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 44.47 and Mahaan Foods (MahaanFoods) 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 Mahaan Foods (MahaanFoods) stock. Volume based technical analysis of Mahaan Foods (MahaanFoods) stock is negative.

Mahaan Foods Stock has given negative returns over a short term period. Returns for a longer term period have been positive

Force Index is moving in a negative zone, which indicates selling momentum for short term... Selling momentum is getting weaker.