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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 2024-01-22 View latest technical analysis

10 day averaged volume of Mahamaya Steel is 100440

Date	Daily Closing Price	Open	High	Low	Volume
22 Mon Jan 2024	107.95	108.30	110.00	107.00	0.476 times
19 Fri Jan 2024	106.70	109.35	111.00	103.30	0.519 times
18 Thu Jan 2024	107.30	109.60	110.85	106.05	0.663 times
17 Wed Jan 2024	109.50	111.80	111.80	108.00	0.756 times
16 Tue Jan 2024	112.30	113.90	114.25	107.95	1.209 times
15 Mon Jan 2024	113.05	109.75	115.00	107.00	1.766 times
12 Fri Jan 2024	108.20	109.30	110.35	105.90	0.75 times
11 Thu Jan 2024	109.30	111.00	113.40	108.15	0.662 times
10 Wed Jan 2024	111.10	110.90	114.50	105.30	1.042 times
09 Tue Jan 2024	110.05	106.45	111.20	102.95	1.43 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 113.7 as stoploss in an intra day sell trade for a target of 101.91. However, stock will show a bullish move above 113.7.

Share price targets for Mahamaya Steel (MAHASTEEL)

Target Type	Value
Downside Target	70.40
Downside Target	75.15
Downside Target	82.05
Downside Target	84.95
Downside Target	87.50
Downside Target	89.40
Downside Target	91.90
Downside Target	102.95
Downside Target	107.00
Upside Target	110.00
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	106.63
Downside Intraday Target	105.32
Upside Intraday Target	109.63
Upside Intraday Target	111.32
Upside Intraday Target	108.32

Weekly technical analysis of Mahamaya Steel (MAHASTEEL)

Date	Weekly Closing Price	Open	High	Low	Volume
22 Mon Jan 2024	107.95	108.30	110.00	107.00	0.097 times
19 Fri Jan 2024	106.70	109.75	115.00	103.30	0.966 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

Price has moved up 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
22 Mon Jan 2024	107.95	82.60	123.00	82.60	4.672 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 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 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 gaining momentum.

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

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 weakening, and bulls are picking up momentum!

Ichimoku cloud is of green color and prices are above the green cloud Prices appear to be moving up

CCI has generated a buy signal for Mahamaya Steel in short term but BUY signal is weak.

RSI is generating a BUY signal in short term but buying is losing momentum.

MRSI is in positive zone. This is a BUY zone

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

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 110.29 and Mahamaya Steel (MAHASTEEL) stock is trading below this level. This means that stock is falling with high volumes. VWAP is rising upwards.

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 is giving positive 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.