Price and trend forecast of MAHLIFE for Tomorrow, Weekly, Monthly
Mahindra Lifespace Developers Limited
Symbol: NSE:MAHLIFE
ISIN: INE813A01018
554.00
As on 2024-09-06
MAHLIFE's Today's Performance
Mahindra Lifespace Developers Limited started the day by opening at 559.70 today 2024-09-06. Its shares reached a high of 568.45 and dipped to a low of 547.10 in intraday. When the markets closed, MAHLIFE’s stock price settled at ₹554.00 per share. Also check out its key support and resistance levels.
MAHLIFE Buy/Sell Targets
Tomorrow, sell MAHLIFE when its price reaches ₹ 554.00 with a stop-loss order at ₹ 562.84. You can set the target price as ₹ 545.16 to capture potential gains. This sell position balances the risks and rewards evenly, aiming for a 1:1 risk-reward ratio.
In the sections below, we will discuss detailed share price target of MAHLIFE for tomorrow's session along with weekly levels. Please note that these share targets analysis is only valid for tomorrow and the current trading week and month.
Important Down levels for MAHLIFE
Downside Targets | Value in ₹ |
---|---|
Tomorrow Down Target 1 | 566 |
Tomorrow Down Target 2 | 578 |
Tomorrow Down Target 3 | 587 |
Important Levels for MAHLIFE
Holding Levels | Value in ₹ |
---|---|
Tomorrow Up Target 1 | 545 |
Tomorrow Up Target 2 | 535 |
Tomorrow Up Target 3 | 523 |
Based on where the stock opens tomorrow, if MAHLIFE opens on a positive note, our first target will be ₹566. If Target 1 is achieved, we will aim for Target 2 which is ₹578.
But if MAHLIFE falls below the average value of ₹556.52, you can enter a sell side position with target number 1 - ₹545 and second target - ₹535 This average value also act as support and resistance level. When the stock is trading above the average, it will act like support area. Another important thing is, stocks usually get back to this average value when the price trades too far from avg. In simpler words we can consider the average price as a magnet.
Daily Volume chart of MAHLIFE
Looking at MAHLIFE, we've seen a Increasing trend in its trading volume over the past week, which really tells us how active traders have been with this stock.
In terms of its price, MAHLIFE has been on a Downward path, giving us insights how its value changes in the market.
Based on this, the predicted sentiment for MAHLIFE is moderate bearish.
Tomorrow's Volume based share price Forecast for MAHLIFE
MAHLIFE's Volume is currently in a Increasing trend, and Price is in a Downward direction. Therefore, we can say the stock is in a moderate bearish trend. Volume trend strength over the last month compared to the last week is -83%.
Reversal detection for MAHLIFE
MAHLIFE may trend may continue to be bearish since stock is making lower low and we can get target of ₹557 in morning tomorrow
Target 1 tomorrow | 565 |
Target 2 tomorrow | 570 |
Target 3 tomorrow | 578 |
Investferry’s trend analysis method detects short term overbought and oversold situations to identify reversal in stocks. Use this as reference for short term counter trend trades.
Combine this trend forecast with MAHLIFE's tomorrow's target prediction and you will have a base for what can be done in the upcoming trading session.
Based on where the stock opens tomorrow, if MAHLIFE opens on a positive note, our first target will be ₹565.93. If Target 1 is achieved, we will aim for Target 2 which is ₹577.87.
But if MAHLIFE falls below the average value of ₹556.52, you can enter a sell side position with target number 1 - ₹544.58 and second target - ₹535.17
MAHLIFE's Weekly Targets
1st Up Target | 569.60 |
2nd Up Target | 585.20 |
1st Down Target | 542.75 |
2nd Down Target | 531.50 |
As the week for MAHLIFE ended on bearish sentiments, we can expect further continuation of this sentiment. MAHLIFE's initial target will be 569.60 for the coming week if it continues to trade higher. But if it fails, we can see lower targets of 542.75 in the upcoming week.
Weekly OHLC Values
Open | 571.95 |
High | 573.95 |
Low | 547.10 |
Close | 554.00 |
Week for MAHLIFE started with an open price of 571.95, and the close was at 554.00. MAHLIFE reached the highest of 573.95 and dipped lowest up to 547.10 last week. This indicates a bearish sentiment for the week.
MAHLIFE full month swing targets
Monthly Up Target 1 | 596.45 |
Monthly Up Target 2 | 612.05 |
Monthly Down Target 1 | 515.90 |
Monthly Down Target 2 | 477.80 |
Targets of ₹596.45 can be expected to be reached in the coming month. Once MAHLIFE achieved this target, we can aim for the next upside target of ₹612.05.
MAHLIFE if fails to hold upside, down targets of ₹515.90 and ₹477.80 can be achieved by end of this month.
For complete three weeks if MAHLIFE is bullish, the stock may decline in the last week on the month as traders usually close their positions. So in this case, you should aim for weekly support level which will act as targets here.
Related Stocks in the Same Sector as MAHLIFE
Symbol | Name | Industry |
---|---|---|
DLF | DLF Limited | Real Estate - Development |
LODHA | Macrotech Developers Limited | Real Estate - Development |
GODREJPROP | Godrej Properties Limited | Real Estate - Development |
OBEROIRLTY | Oberoi Realty Limited | Real Estate - Development |
PHOENIXLTD | The Phoenix Mills Limited | Real Estate - Diversified |
Summary
MAHLIFE is expected to reach the target of 565.93 in tomorrow's trading session.
After achieving the initial target in MAHLIFE, we will aim for higher targets of 577.87 tomorrow.
However, if MAHLIFE starts to trade below ₹556.52, then we will shift our focus to the sell side and aim for down targets of 544.58 and 535.17.