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(MahaanFoods) Mahaan Foods complete technical analysis [charts+indicators] | Buy/Sell Mahaan Foods | (MahaanFoods) share price targets

Complete technical analysis of Mahaan Foods (MahaanFoods) by charts plus indicators, forecast predictions and share price targets for Mahaan Foods (MahaanFoods)

10 day averaged volume of Mahaan Foods is 375

Date Daily Closing Price Open High Low Volume
26 Thu May 2022 19.00 19.00 20.00 18.80 0.256 times
25 Wed May 2022 19.50 19.25 19.50 19.25 0.299 times
24 Tue May 2022 19.50 20.00 20.00 19.50 0.16 times
23 Mon May 2022 19.75 19.80 20.50 19.50 3.827 times
20 Fri May 2022 19.75 19.75 19.75 19.75 0.267 times
19 Thu May 2022 20.75 20.75 20.75 20.75 0.067 times
18 Wed May 2022 21.00 21.00 21.40 19.80 0.597 times
17 Tue May 2022 20.50 20.50 20.50 20.50 0.387 times
16 Mon May 2022 20.00 20.70 20.70 20.00 1.36 times
13 Fri May 2022 20.40 20.25 20.40 20.25 0.493 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 19.5, but if it comes above 19.5, then a intra day buy could be more profitable.
If you take a sell trade below 19.5, then use 19.5 as stoploss and 18.6 as target. However if you take a buy trade in stock , then use 19.5 as stoploss and 20.26 as target.

Share price targets for Mahaan Foods (MahaanFoods)

Target Type Value
Downside Target 18.80
Upside Target 19.75
Upside Target 20.40
Upside Target 21.40
Upside Target 21.70
Upside Target 22.00
Upside Target 23.00
Upside Target 24.20
Upside Target 26.95
Upside Target 29.40

Intraday share price targets for Mahaan Foods (MahaanFoods)

Target Type Value
Downside Intraday Target 18.37
Downside Intraday Target 17.73
Upside Intraday Target 20.07
Upside Intraday Target 21.13
Upside Intraday Target 19.43

Weekly technical analysis of Mahaan Foods (MahaanFoods)

Date Weekly Closing Price Open High Low Volume
26 Thu May 2022 19.00 19.80 20.50 18.80 1.696 times
20 Fri May 2022 19.75 20.70 21.40 19.75 0.316 times
13 Fri May 2022 20.40 19.95 20.40 19.15 0.422 times
06 Fri May 2022 19.95 21.45 22.00 19.95 0.346 times
29 Fri Apr 2022 21.50 21.70 21.70 19.80 0.985 times

Price has moved down this week, and volume has increased substantially. This means that the move can continue in coming weeks.

Monthly technical analysis of Mahaan Foods (MahaanFoods)

Date Monthly Closing Price Open High Low Volume
26 Thu May 2022 19.00 21.45 22.00 18.80 0.261 times
29 Fri Apr 2022 21.50 23.40 24.20 19.80 0.604 times
31 Thu Mar 2022 22.95 22.50 29.40 19.80 1.071 times
28 Mon Feb 2022 21.25 21.80 23.00 19.00 0.341 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 Mahaan Foods (MahaanFoods)

Indicator Name Indicator Value Indicator Signal
ADX 23, 23, 0 Sell
MACD -1, -1Sell
Stochastics 13Sell
CCI -116Sell
RSI 44Sell
OBV -1639Sell
VWAP 20Sell
ADL 0Sell
ROC -6Sell
Force Index 0Sell

Price action analysis of Mahaan Foods ( (MahaanFoods) ) based on a short term time period is

Price action analysis of Mahaan Foods ( (MahaanFoods) ) 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 Mahaan Foods ( (MahaanFoods) ) based on a short to mid 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 Mahaan Foods ( (MahaanFoods) ) 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 Mahaan Foods stock for short term is SELL. Signal strength is Weak and stock is losing momentum.

MACD generated a SELL signal for Mahaan Foods in short term and the sell signal is strong.

Mahaan Foods 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 in or above the red cloud Prices appear to be coming down

CCI has generated a SELL signal for Mahaan Foods 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 Mahaan Foods is picking up selling momentum according to indicator.

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 19.94 and Mahaan Foods (MahaanFoods) 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 Mahaan Foods (MahaanFoods) stock. Volume based technical analysis of Mahaan Foods (MahaanFoods) stock is negative.

Mahaan Foods 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.

Click here for Mahaan Foods charts

Click here for further forecast and predictions for tomorrow

Daily charts

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Daily chart

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