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(MAHASTEEL) Mahamaya Steel complete technical analysis [charts+indicators] | Buy/Sell Mahamaya Steel | (MAHASTEEL) share price targets

Complete technical analysis of Mahamaya Steel (MAHASTEEL) by charts plus indicators, forecast predictions and share price targets for Mahamaya Steel (MAHASTEEL)

Mahamaya Steel trades in NSE in Iron & Steel Products sector.

Showing technical analysis as on 2024-01-18 View latest technical analysis

10 day averaged volume of Mahamaya Steel is 332630

Date	Daily Closing Price	Open	High	Low	Volume
18 Thu Jan 2024	107.30	109.60	110.85	106.05	0.2 times
17 Wed Jan 2024	109.50	111.80	111.80	108.00	0.228 times
16 Tue Jan 2024	112.30	113.90	114.25	107.95	0.365 times
15 Mon Jan 2024	113.05	109.75	115.00	107.00	0.533 times
12 Fri Jan 2024	108.20	109.30	110.35	105.90	0.226 times
11 Thu Jan 2024	109.30	111.00	113.40	108.15	0.2 times
10 Wed Jan 2024	111.10	110.90	114.50	105.30	0.315 times
09 Tue Jan 2024	110.05	106.45	111.20	102.95	0.432 times
08 Mon Jan 2024	105.70	111.00	112.95	103.60	0.363 times
05 Fri Jan 2024	110.75	115.95	115.95	108.00	0.79 times

My analysis of stock is bullish for shortterm, but stock is in semi over bought zones and there are some chances of seeing a fall tomorrow. Use 112.4 as stoploss in an intra day sell trade for a target of 99.41. However, stock will show a bullish move above 112.4.

Share price targets for Mahamaya Steel (MAHASTEEL)

Target Type	Value
Downside Target	70.40
Downside Target	75.15
Downside Target	78.25
Downside Target	82.05
Downside Target	84.95
Downside Target	87.50
Downside Target	91.90
Downside Target	102.95
Downside Target	106.05
Upside Target	114.50
Upside Target	115.00
Upside Target	123.00

Intraday share price targets for Mahamaya Steel (MAHASTEEL)

Target Type	Value
Downside Intraday Target	103.9
Downside Intraday Target	100.5
Upside Intraday Target	112.85
Upside Intraday Target	118.4
Upside Intraday Target	109.45

Weekly technical analysis of Mahamaya Steel (MAHASTEEL)

Date	Weekly Closing Price	Open	High	Low	Volume
18 Thu Jan 2024	107.30	109.75	115.00	106.05	0.864 times
12 Fri Jan 2024	108.20	111.00	114.50	102.95	0.14 times
05 Fri Jan 2024	110.75	82.60	123.00	82.60	37.27 times
29 Fri Dec 2023	84.30	84.10	85.30	82.05	0.334 times
22 Fri Dec 2023	83.55	84.00	88.90	78.25	0.621 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 Mahamaya Steel (MAHASTEEL)

Date	Monthly Closing Price	Open	High	Low	Volume
18 Thu Jan 2024	107.30	82.60	123.00	82.60	4.573 times
29 Fri Dec 2023	84.30	80.25	89.40	76.20	1.136 times
30 Thu Nov 2023	78.75	84.45	87.50	75.15	0.456 times
31 Tue Oct 2023	85.25	82.25	91.90	70.40	3.016 times

Scroll below to view daily charts

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

Indicators analysis of Mahamaya Steel (MAHASTEEL)

Price action analysis of Mahamaya Steel ( (MAHASTEEL) ) based on a short term time period is negative, but trend is highly volatile. A longer duration price action analysis might give a better picture of the trend in this stock.

Price action analysis of Mahamaya Steel ( (MAHASTEEL) ) based on a short term time period is neutral. A longer time frame might give a better analysis.

Price action analysis of Mahamaya Steel ( (MAHASTEEL) ) based on a short to mid 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.

Price action analysis of Mahamaya Steel ( (MAHASTEEL) ) 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 Mahamaya Steel stock for short term is BUY. Signal strength is Strong and stock is losing momentum.

MACD generated a BUY signal for Mahamaya Steel in short term and the buy signal is strong.

Mahamaya Steel Stock in short term is moving inside a range for now. Please check in a day or two to for a better buy sell signal. Bears are getting stronger in this stock.

Ichimoku cloud is of green color and prices are above the green cloud Prices appear to be coming down

CCI has generated a SELL signal for Mahamaya Steel 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 positive zone. This is a BUY zone

Although the stock is in the BUY zone, but buying might be slowing down

Stock of Mahamaya Steel is picking up selling momentum according to indicator.

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 110.18 and Mahamaya Steel (MAHASTEEL) 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 Mahamaya Steel (MAHASTEEL) stock. Volume based technical analysis of Mahamaya Steel (MAHASTEEL) stock is negative.

Mahamaya Steel Stock has given negative returns over a short term period. Returns for a longer term period have been positive

Force Index is moving in a negative zone, which indicates selling momentum for short term... Selling momentum is getting weaker.