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

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

Showing technical analysis as on 2024-09-18 View latest technical analysis

10 day averaged volume of Mahalaxmi Rubtech is 8423

Date	Daily Closing Price	Open	High	Low	Volume
18 Wed Sep 2024	168.05	174.97	175.19	166.00	2.519 times
17 Tue Sep 2024	171.08	171.75	174.15	170.00	0.409 times
16 Mon Sep 2024	171.75	175.99	175.99	171.00	0.651 times
13 Fri Sep 2024	173.51	176.87	176.87	171.21	0.95 times
12 Thu Sep 2024	174.37	170.50	176.78	168.80	1.491 times
11 Wed Sep 2024	169.51	177.00	177.00	168.80	0.628 times
10 Tue Sep 2024	171.25	173.95	173.95	169.01	1.464 times
09 Mon Sep 2024	169.49	170.02	172.77	169.00	0.689 times
06 Fri Sep 2024	170.16	173.50	173.50	168.90	1.035 times
05 Thu Sep 2024	173.28	174.95	174.95	169.81	0.953 times

Stock of Mahalaxmi Rubtech (MHLXMIRU) has showed a significant fall. This could be a good time to exit from this stock.

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 169.5, but if it comes above 169.5, then a intra day buy could be more profitable.
If you take a sell trade below 169.5, then use 169.5 as stoploss and 165.1 as target. However if you take a buy trade in stock , then use 169.5 as stoploss and 173.19 as target.

Share price targets for Mahalaxmi Rubtech (MHLXMIRU)

Target Type	Value
Downside Target	166.00
Upside Target	175.99
Upside Target	185.50
Upside Target	185.60
Upside Target	186.70
Upside Target	201.05
Upside Target	208.34
Upside Target	225.00
Upside Target	233.59
Upside Target	290.60

Intraday share price targets for Mahalaxmi Rubtech (MHLXMIRU)

Target Type	Value
Downside Intraday Target	164.04
Downside Intraday Target	160.02
Upside Intraday Target	174.03
Upside Intraday Target	180
Upside Intraday Target	170.01

Weekly technical analysis of Mahalaxmi Rubtech (MHLXMIRU)

Date	Weekly Closing Price	Open	High	Low	Volume
18 Wed Sep 2024	168.05	175.99	175.99	166.00	0.686 times
13 Fri Sep 2024	173.51	170.02	177.00	168.80	0.799 times
06 Fri Sep 2024	170.16	174.00	178.85	168.00	0.521 times
30 Fri Aug 2024	173.33	186.70	186.70	172.00	0.165 times
23 Fri Aug 2024	183.35	183.00	208.34	171.16	6.369 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)

Date	Monthly Closing Price	Open	High	Low	Volume
18 Wed Sep 2024	168.05	174.00	178.85	166.00	0.101 times
30 Fri Aug 2024	173.33	202.00	208.34	167.00	0.955 times
31 Wed Jul 2024	197.58	202.81	233.59	185.60	3.683 times
28 Fri Jun 2024	199.82	212.00	225.00	185.50	0.162 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 Rubtech (MHLXMIRU)

Price action analysis of Mahalaxmi Rubtech ( (MHLXMIRU) ) based on a short term time period is negative, but sellers have recently become active on the stock. This cannot be called a strong downtrend, specially if selected time duration is small

Price action analysis of Mahalaxmi Rubtech ( (MHLXMIRU) ) 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 Rubtech ( (MHLXMIRU) ) 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) ) 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 Weak and stock is losing momentum.

MACD generated a BUY signal for Mahalaxmi Rubtech in short term but the buy signal is initial and weak.

Mahalaxmi Rubtech 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 getting stronger in this stock.

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 Mahalaxmi Rubtech in short term and SELL signal is strong!

RSI is generating a BUY signal in short term but buying is losing 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 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 171.02 and Mahalaxmi Rubtech (MHLXMIRU) 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) stock. Volume based technical analysis of Mahalaxmi Rubtech (MHLXMIRU) 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.