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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 24410

Date Daily Closing Price Open High Low Volume
16 Thu May 2024 2.17 2.25 2.25 2.17 7.077 times
15 Wed May 2024 2.21 2.21 2.21 2.21 1.02 times
14 Tue May 2024 2.25 2.25 2.25 2.25 0.468 times
13 Mon May 2024 2.29 2.29 2.29 2.29 0.312 times
10 Fri May 2024 2.33 2.33 2.33 2.33 0.116 times

Stock of Mahan Ind (MahanInd) 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 2.3, but if it comes above 2.3, then a intra day buy could be more profitable.
If you take a sell trade below 2.3, then use 2.3 as stoploss and 2 as target. However if you take a buy trade in stock , then use 2.3 as stoploss and 2.58 as target.

Share price targets for Mahan Ind (MahanInd)

Target Type Value
Downside Target 1.06
Downside Target 1.72
Downside Target 2.17
Upside Target 2.25
Upside Target 2.42
Upside Target 2.49
Upside Target 2.54
Upside Target 2.69
Upside Target 2.74
Upside Target 2.80
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 2.13
Downside Intraday Target 2.09
Upside Intraday Target 2.25
Upside Intraday Target 2.33
Upside Intraday Target 2.21

Weekly technical analysis of Mahan Ind (MahanInd)

Date Weekly Closing Price Open High Low Volume
16 Thu May 2024 2.17 2.29 2.29 2.17 9.684 times
10 Fri May 2024 2.33 2.49 2.49 2.33 0.293 times
03 Fri May 2024 2.54 2.69 2.69 2.54 0.643 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

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 Mahan Ind (MahanInd)

Date Monthly Closing Price Open High Low Volume
16 Thu May 2024 2.17 2.59 2.59 2.17 0.147 times
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

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 Mahan Ind (MahanInd)

Indicator Name Indicator Value Indicator Signal
ADX 56, 22, 43 Buy
MACD -0, -0Sell
Stochastics 0Sell
CCI -106Sell
RSI 65Buy
OBV -579303Sell
VWAP 2Sell
ADL 0Sell
ROC -16Sell
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

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 and the sell signal is strong.

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 and the buying is gaining 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 2.21 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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