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(MITTAL_BE) Mittal Life complete technical analysis [charts+indicators] | Buy/Sell Mittal Life | (MITTAL_BE) share price targets

Complete technical analysis of Mittal Life (MITTAL_BE) by charts plus indicators, forecast predictions and share price targets for Mittal Life (MITTAL_BE)

10 day averaged volume of Mittal Life is 344193

Date	Daily Closing Price	Open	High	Low	Volume
18 Thu Apr 2024	1.65	1.65	1.70	1.65	0.747 times
16 Tue Apr 2024	1.65	1.65	1.65	1.65	0.919 times
15 Mon Apr 2024	1.70	1.70	1.70	1.70	0.928 times
12 Fri Apr 2024	1.75	1.75	1.75	1.75	0.959 times
10 Wed Apr 2024	1.80	1.80	1.80	1.80	1.017 times
09 Tue Apr 2024	1.85	1.80	1.85	1.80	2.368 times
08 Mon Apr 2024	1.85	1.85	1.85	1.85	1.028 times
05 Fri Apr 2024	1.80	1.80	1.80	1.80	0.83 times
04 Thu Apr 2024	1.75	1.75	1.75	1.75	0.677 times
03 Wed Apr 2024	1.70	1.70	1.70	1.70	0.416 times

My analysis of stock is bearish for shortterm, but stock is semi over sold and there are some chances of seeing a recovery tomorrow. Use 1.6 as stoploss in an intra day buy trade for a target of 1.74. However, stock will show a bearish move below 1.6.

Share price targets for Mittal Life (MITTAL_BE)

Target Type	Value
Downside Target	1.50
Downside Target	1.55
Downside Target	1.65
Upside Target	1.70
Upside Target	1.75
Upside Target	1.80
Upside Target	1.85
Upside Target	2.10
Upside Target	2.25
Upside Target	2.55
Upside Target	2.80
Upside Target	16.00
Upside Target	17.30
Upside Target	17.95

Intraday share price targets for Mittal Life (MITTAL_BE)

Target Type	Value
Downside Intraday Target	1.63
Downside Intraday Target	1.62
Upside Intraday Target	1.68
Upside Intraday Target	1.72
Upside Intraday Target	1.67

Weekly technical analysis of Mittal Life (MITTAL_BE)

Date	Weekly Closing Price	Open	High	Low	Volume
18 Thu Apr 2024	1.65	1.70	1.70	1.65	0.483 times
12 Fri Apr 2024	1.75	1.85	1.85	1.75	0.869 times
05 Fri Apr 2024	1.80	1.55	1.80	1.50	0.7 times
28 Thu Mar 2024	1.55	1.65	1.70	1.55	0.574 times
22 Fri Mar 2024	1.70	2.05	2.10	1.70	0.965 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 Mittal Life (MITTAL_BE)

Date	Monthly Closing Price	Open	High	Low	Volume
18 Thu Apr 2024	1.65	1.55	1.85	1.50	0.209 times
28 Thu Mar 2024	1.55	2.15	2.55	1.55	1.059 times
29 Thu Feb 2024	2.25	2.65	2.80	2.25	130.64 times
06 Fri Oct 2023	16.35	16.90	17.30	16.00	0.069 times

Scroll below to view daily charts

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 Mittal Life (MITTAL_BE)

Price action analysis of Mittal Life ( (MITTAL_BE) ) based on a short term time period is neutral. A longer time frame might give a better analysis.

Price action analysis of Mittal Life ( (MITTAL_BE) ) based on a short to mid term time period is neutral. A longer time frame might give a better analysis.

Price action analysis of Mittal Life ( (MITTAL_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 Mittal Life stock for short term is SELL. Signal strength is Weak and stock is losing momentum.

MACD generated a BUY signal for Mittal Life 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.

Mittal Life 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 red color and prices are below the red cloud Prices appear to be coming down

CCI has generated a buy signal for Mittal Life 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 Mittal Life is picking up selling momentum according to indicator.

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 1.77 and Mittal Life (MITTAL_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 Mittal Life (MITTAL_BE) stock. Volume based technical analysis of Mittal Life (MITTAL_BE) stock is negative.

Mittal Life 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.