MFML technical summary

At ₹17.3, Mahalaxmi Fabric Mills Ltd is trading 7.6% below its 50-day average of ₹18.73 and 20.3% below its 200-day average of ₹21.69. The 14-day RSI is 40.7, in the neutral range between 30 and 70. MACD is -0.28 against a signal line of -0.09, so the MACD line sits below its signal line. ADX(14) reads 27.9, a strong trend reading (25 or above); ADX measures trend strength, not direction. The 52-week range is ₹16.51 to ₹30.97, with the price 5% of the way up it. Classic daily pivot levels from the 30 Oct 2026 session: pivot ₹17.43, resistance ₹18.35 and ₹19, support ₹16.78 and ₹15.86.