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

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

10 day averaged volume of Mahan Ind is 31927

Date Daily Closing Price Open High Low Volume
30 Tue Apr 2024 2.64 2.64 2.64 2.64 1.101 times
29 Mon Apr 2024 2.69 2.69 2.69 2.69 0.637 times
26 Fri Apr 2024 2.74 2.84 2.84 2.74 1.121 times
25 Thu Apr 2024 2.79 2.79 2.79 2.79 0.978 times
24 Wed Apr 2024 2.84 2.84 2.84 2.84 0.486 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 2.6 as stoploss in an intra day buy trade for a target of 2.87. However, stock will show a bearish move below 2.6.

Share price targets for Mahan Ind (MahanInd)

Target Type Value
Downside Target 0.58
Downside Target 1.01
Downside Target 1.06
Downside Target 1.72
Downside Target 2.25
Downside Target 2.42
Downside Target 2.64
Upside Target 2.80
Upside Target 2.98
Upside Target 3.00
Upside Target 3.18
Upside Target 3.24

Intraday share price targets for Mahan Ind (MahanInd)

Target Type Value
Downside Intraday Target 2.62
Downside Intraday Target 2.61
Upside Intraday Target 2.67
Upside Intraday Target 2.71
Upside Intraday Target 2.66

Weekly technical analysis of Mahan Ind (MahanInd)

Date Weekly Closing Price Open High Low Volume
30 Tue Apr 2024 2.64 2.69 2.69 2.64 0.466 times
26 Fri Apr 2024 2.74 3.00 3.00 2.74 0.634 times
19 Fri Apr 2024 3.00 3.18 3.18 3.00 0.382 times
12 Fri Apr 2024 3.24 2.98 3.24 2.98 0.538 times
05 Fri Apr 2024 2.84 2.25 2.84 2.25 32.782 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 Mahan Ind (MahanInd)

Date Monthly Closing Price Open High Low Volume
30 Tue Apr 2024 2.64 2.25 3.24 2.25 2.939 times
28 Thu Mar 2024 2.25 2.46 2.80 2.25 2.987 times
29 Thu Feb 2024 2.42 1.75 2.42 1.75 0.442 times
31 Wed Jan 2024 1.72 1.06 1.72 1.06 4.032 times

Price has moved up this month, and volume has increased substantially. This means that the move can continue in coming months.

Indicators analysis of Mahan Ind (MahanInd)

Indicator Name Indicator Value Indicator Signal
ADX 50, 20, 43 Buy
MACD 0, 0Sell
Stochastics 0Sell
CCI -122Sell
RSI 64Buy
OBV 1033642Sell
VWAP 3Sell
ADL 0Sell
ROC -17Sell
Force Index 0Sell

Price action analysis of Mahan Ind ( (MahanInd) ) based on a short term time period is

Price action analysis of Mahan Ind ( (MahanInd) ) 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 Mahan Ind ( (MahanInd) ) 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 Mahan Ind ( (MahanInd) ) based on a mid to longer term time period is definitely positive! This means that there is a strong uptrend in the stock for the given time period. Buyers are extremely bullish on the stock.

ADX buy sell signal for Mahan Ind stock for short term is BUY. Signal strength is Strong and stock is losing momentum.

MACD generated a SELL signal for Mahan Ind in short term but the sell signal is initial and weak.

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

CCI has generated a SELL signal for Mahan Ind 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

Stock of Mahan Ind is picking up buying momentum according to indicator.

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 2.89 and Mahan Ind (MahanInd) 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 Mahan Ind (MahanInd) stock. Volume based technical analysis of Mahan Ind (MahanInd) stock is negative.

Mahan 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.

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