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

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

Showing technical analysis as on 2024-09-27 View latest technical analysis

10 day averaged volume of Mahalaxmi Sm is 2978

Date	Daily Closing Price	Open	High	Low	Volume
27 Fri Sep 2024	10.19	10.75	11.23	10.19	2.317 times
26 Thu Sep 2024	10.71	9.90	10.71	9.90	0.809 times
25 Wed Sep 2024	10.20	10.39	10.39	10.20	0.685 times
24 Tue Sep 2024	10.39	10.44	10.93	10.39	1.671 times
23 Mon Sep 2024	10.93	11.50	11.50	10.93	0.774 times
20 Fri Sep 2024	11.50	11.52	11.52	10.96	0.106 times
19 Thu Sep 2024	11.52	10.76	11.52	10.76	2.453 times
18 Wed Sep 2024	10.98	11.55	11.88	10.76	1.792 times
16 Mon Sep 2024	11.32	11.51	11.51	10.72	0.087 times
13 Fri Sep 2024	11.28	11.00	11.28	10.22	1.623 times

Stock of Mahalaxmi Sm (MahalaxmiSm) 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 10.6, but if it comes above 10.6, then a intra day buy could be more profitable.
If you take a sell trade below 10.6, then use 10.6 as stoploss and 9.8 as target. However if you take a buy trade in stock , then use 10.6 as stoploss and 11.22 as target.

Share price targets for Mahalaxmi Sm (MahalaxmiSm)

Target Type	Value
Downside Target	9.26
Downside Target	9.78
Upside Target	10.72
Upside Target	11.28
Upside Target	11.80
Upside Target	11.88
Upside Target	12.23
Upside Target	12.28
Upside Target	12.89
Upside Target	12.90
Upside Target	13.20

Intraday share price targets for Mahalaxmi Sm (MahalaxmiSm)

Target Type	Value
Downside Intraday Target	9.56
Downside Intraday Target	8.93
Upside Intraday Target	11.16
Upside Intraday Target	12.13
Upside Intraday Target	10.53

Weekly technical analysis of Mahalaxmi Sm (MahalaxmiSm)

Date	Weekly Closing Price	Open	High	Low	Volume
27 Fri Sep 2024	10.19	11.50	11.50	9.90	1.409 times
20 Fri Sep 2024	11.50	11.51	11.88	10.72	2.106 times
13 Fri Sep 2024	11.28	11.25	11.28	10.22	0.296 times
06 Fri Sep 2024	11.84	11.19	12.90	10.82	0.705 times
30 Fri Aug 2024	11.77	10.56	11.80	10.04	1.78 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 Sm (MahalaxmiSm)

Date	Monthly Closing Price	Open	High	Low	Volume
27 Fri Sep 2024	10.19	11.19	12.90	9.90	1.029 times
30 Fri Aug 2024	11.77	12.90	13.20	9.93	1.097 times
31 Wed Jul 2024	12.60	10.85	12.89	9.78	0.529 times
28 Fri Jun 2024	10.64	10.00	12.23	9.80	0.656 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 Sm (MahalaxmiSm)

Price action analysis of Mahalaxmi Sm ( (MahalaxmiSm) ) based on a short term time period is positive, but trend is highly volatile. A longer time period analysis might give a better idea of the trend.

Price action analysis of Mahalaxmi Sm ( (MahalaxmiSm) ) 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 Sm ( (MahalaxmiSm) ) 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 Sm ( (MahalaxmiSm) ) 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 Sm stock for short term is BUY. Signal strength is Weak and stock is gaining momentum.

MACD generated a SELL signal for Mahalaxmi Sm in short term and the sell signal is strong.

Mahalaxmi Sm Stock is trading near its recent LOWS in short term which reflects strong selling momentum. Bears are weakening, and bulls are picking up momentum!

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 Mahalaxmi Sm in short term but BUY signal is weak.

RSI is generating a SELL signal in short term and selling is picking up 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 Sm is picking up selling momentum according to indicator.

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 10.84 and Mahalaxmi Sm (MahalaxmiSm) 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 Sm (MahalaxmiSm) stock. Volume based technical analysis of Mahalaxmi Sm (MahalaxmiSm) stock is negative.

Mahalaxmi Sm 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.