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

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

10 day averaged volume of Mahalaxmi Fabric is 1457

Date	Daily Closing Price	Open	High	Low	Volume
29 Thu May 2025	29.57	30.74	31.40	29.50	1.232 times
28 Wed May 2025	30.14	32.15	32.15	29.98	1.458 times
27 Tue May 2025	31.50	31.90	31.90	31.00	0.404 times
26 Mon May 2025	32.50	32.59	32.59	31.95	1.286 times
23 Fri May 2025	32.59	31.50	32.65	31.50	0.13 times
22 Thu May 2025	32.80	32.40	32.95	32.40	0.708 times
21 Wed May 2025	32.40	32.71	32.71	32.00	1.454 times
20 Tue May 2025	32.71	32.90	32.90	31.90	0.59 times
19 Mon May 2025	32.90	33.00	33.00	30.50	2.011 times
16 Fri May 2025	31.92	32.00	32.95	31.70	1.09 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 29.7, but if it comes above 29.7, then a intra day buy could be more profitable.
If you take a sell trade below 29.7, then use 29.7 as stoploss and 28.1 as target. However if you take a buy trade in stock , then use 29.7 as stoploss and 31.09 as target.

Share price targets for Mahalaxmi Fabric (MFML_BE)

Target Type	Value
Downside Target	26.22
Downside Target	28.50
Downside Target	29.50
Upside Target	30.50
Upside Target	31.33
Upside Target	32.59
Upside Target	33.00
Upside Target	33.11
Upside Target	34.91
Upside Target	41.55
Upside Target	53.36

Intraday share price targets for Mahalaxmi Fabric (MFML_BE)

Target Type	Value
Downside Intraday Target	28.52
Downside Intraday Target	27.46
Upside Intraday Target	31.61
Upside Intraday Target	33.64
Upside Intraday Target	30.55

Weekly technical analysis of Mahalaxmi Fabric (MFML_BE)

Date	Weekly Closing Price	Open	High	Low	Volume
29 Thu May 2025	29.57	32.59	32.59	29.50	0.895 times
23 Fri May 2025	32.59	33.00	33.00	30.50	0.136 times
16 Fri May 2025	31.92	28.50	33.00	28.50	43.966 times
09 Fri May 2025	28.50	29.07	31.33	28.50	0.032 times
02 Fri May 2025	28.78	30.65	33.11	28.74	1.27 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 (MFML_BE)

Date	Monthly Closing Price	Open	High	Low	Volume
29 Thu May 2025	29.57	30.26	33.00	28.50	0.501 times
30 Wed Apr 2025	30.26	27.73	33.11	26.22	0.225 times
28 Fri Mar 2025	27.60	30.10	31.40	26.37	8.538 times
28 Fri Feb 2025	29.17	37.80	41.55	28.57	0.375 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 Mahalaxmi Fabric (MFML_BE)

Price action analysis of Mahalaxmi Fabric ( (MFML_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 Fabric ( (MFML_BE) ) 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 ( (MFML_BE) ) 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 Mahalaxmi Fabric stock for short term is SELL. Signal strength is Strong and stock is gaining momentum.

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

Mahalaxmi Fabric Stock is trading near its recent LOWS in short term which reflects strong selling momentum. Bears are getting stronger in this stock.

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

CCI has generated a SELL signal for Mahalaxmi Fabric in short term and SELL signal is strong!

RSI is generating a BUY signal in short term and the buying is gaining momentum.

MRSI is in positive zone. This is a BUY 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 31.82 and Mahalaxmi Fabric (MFML_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 Fabric (MFML_BE) stock. Volume based technical analysis of Mahalaxmi Fabric (MFML_BE) stock is negative.

Mahalaxmi Fabric 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.