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(MafatlalInd) Mafatlal Ind complete technical analysis [charts+indicators] | Buy/Sell Mafatlal Ind | (MafatlalInd) share price targets

Complete technical analysis of Mafatlal Ind (MafatlalInd) by charts plus indicators, forecast predictions and share price targets for Mafatlal Ind (MafatlalInd)

Showing technical analysis as on 2023-01-09 View latest technical analysis

10 day averaged volume of Mafatlal Ind is 1181220

Date	Daily Closing Price	Open	High	Low	Volume
09 Mon Jan 2023	61.90	61.80	64.00	54.00	0.032 times
06 Fri Jan 2023	62.55	64.00	66.45	62.10	0.013 times
05 Thu Jan 2023	62.60	65.40	65.40	54.55	0.037 times
04 Wed Jan 2023	64.55	64.70	65.50	62.60	0.007 times
03 Tue Jan 2023	64.75	64.00	65.50	63.10	0.005 times
02 Mon Jan 2023	64.10	63.60	64.50	61.50	0.012 times
30 Fri Dec 2022	63.10	65.00	66.75	57.00	0.017 times
29 Thu Dec 2022	65.60	63.80	66.75	63.50	0.011 times
28 Wed Dec 2022	65.10	67.80	67.80	64.10	0.014 times
27 Tue Dec 2022	67.30	70.00	71.00	66.05	0.072 times

My analysis of stock is bearish for shortterm, and stock might move down till 60.2 or till 57. Use a stoploss of 62.82 and if the stock hits stoploss, then it can shoot up till 65.45

Share price targets for Mafatlal Ind (MafatlalInd)

Target Type	Value
Downside Target	53.90
Downside Target	60.80
Upside Target	64.00
Upside Target	66.45
Upside Target	68.00
Upside Target	71.00
Upside Target	300.00
Upside Target	306.75
Upside Target	388.40
Upside Target	399.70
Upside Target	408.00

Intraday share price targets for Mafatlal Ind (MafatlalInd)

Target Type	Value
Downside Intraday Target	55.93
Downside Intraday Target	49.97
Upside Intraday Target	65.93
Upside Intraday Target	69.97
Downside Intraday Target	59.97

Weekly technical analysis of Mafatlal Ind (MafatlalInd)

Date	Weekly Closing Price	Open	High	Low	Volume
09 Mon Jan 2023	61.90	61.80	64.00	54.00	0.429 times
06 Fri Jan 2023	62.55	63.60	66.45	54.55	0.007 times
30 Fri Dec 2022	63.10	53.90	71.00	53.90	124.68 times
23 Fri Dec 2022	54.70	64.00	64.00	54.00	1.184 times
16 Fri Dec 2022	62.75	61.75	64.40	60.80	0.246 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 Mafatlal Ind (MafatlalInd)

Date	Monthly Closing Price	Open	High	Low	Volume
09 Mon Jan 2023	61.90	63.60	66.45	54.00	0.01 times
30 Fri Dec 2022	63.10	68.50	71.00	53.90	20.004 times
30 Wed Nov 2022	68.50	326.00	388.40	68.00	4.648 times
31 Mon Oct 2022	311.80	351.00	399.70	300.00	0.324 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 Mafatlal Ind (MafatlalInd)

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

ADX buy sell signal for Mafatlal Ind stock for short term is SELL. Signal strength is Strong and stock is gaining momentum.

MACD generated a BUY signal for Mafatlal Ind 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.

Mafatlal Ind 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 in or above the red cloud Prices appear to be coming down

CCI has generated a SELL signal for Mafatlal Ind in short term and SELL signal is strong!

RSI is generating a SELL signal in short term but selling 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 Mafatlal Ind is picking up selling momentum according to indicator.

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 64.58 and Mafatlal Ind (MafatlalInd) 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 Mafatlal Ind (MafatlalInd) stock. Volume based technical analysis of Mafatlal Ind (MafatlalInd) stock is negative.

Mafatlal Ind 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.