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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 2024-12-19 View latest technical analysis

10 day averaged volume of Mahalaxmi Fabric is 2133

Date	Daily Closing Price	Open	High	Low	Volume
19 Thu Dec 2024	58.50	58.50	58.50	56.00	0.008 times
18 Wed Dec 2024	56.19	58.75	59.99	56.15	2.962 times
17 Tue Dec 2024	58.99	56.35	58.99	56.00	0.314 times
16 Mon Dec 2024	56.35	61.08	61.08	56.30	0.713 times
13 Fri Dec 2024	59.24	60.42	60.42	55.20	1.742 times
12 Thu Dec 2024	57.55	54.83	57.55	54.83	0.731 times
11 Wed Dec 2024	54.81	54.21	54.81	49.59	2.398 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	0.657 times
06 Fri Dec 2024	51.60	50.00	51.60	50.00	0.261 times

My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 56.7, but if it comes below 56.7, then a intra day sell could be more profitable.
If you take a sell trade below 56.7, then use 56.7 as stoploss and 53.65 as target. However if you take a buy trade in stock , then use 56.7 as stoploss and 60.3 as target.

Share price targets for Mahalaxmi Fabric (MahalaxmiFabric)

Target Type	Value
Downside Target	49.25
Downside Target	52.17
Downside Target	56.00
Downside 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	55.97
Downside Intraday Target	53.45
Upside Intraday Target	61.05
Upside Intraday Target	63.61
Upside Intraday Target	58.53

Weekly technical analysis of Mahalaxmi Fabric (MahalaxmiFabric)

Date	Weekly Closing Price	Open	High	Low	Volume
19 Thu Dec 2024	58.50	61.08	61.08	56.00	0.723 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
19 Thu Dec 2024	58.50	51.84	61.08	49.25	3.529 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 negative, but trend is highly volatile. A longer duration price action analysis might give a better picture of the trend in this stock.

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 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 Fabric stock for short term is BUY. Signal strength is Strong and stock is losing 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 stronger in this stock.

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

CCI has generated a buy signal for Mahalaxmi Fabric in short term and BUY 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 Fabric is picking up selling momentum according to indicator.

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 56.1 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 positive

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