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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 2024-01-23 View latest technical analysis

10 day averaged volume of Mahamaya Steel is 93135

Date	Daily Closing Price	Open	High	Low	Volume
23 Tue Jan 2024	101.90	109.85	110.90	98.75	0.901 times
22 Mon Jan 2024	107.95	108.30	110.00	107.00	0.514 times
19 Fri Jan 2024	106.70	109.35	111.00	103.30	0.56 times
18 Thu Jan 2024	107.30	109.60	110.85	106.05	0.715 times
17 Wed Jan 2024	109.50	111.80	111.80	108.00	0.815 times
16 Tue Jan 2024	112.30	113.90	114.25	107.95	1.304 times
15 Mon Jan 2024	113.05	109.75	115.00	107.00	1.905 times
12 Fri Jan 2024	108.20	109.30	110.35	105.90	0.809 times
11 Thu Jan 2024	109.30	111.00	113.40	108.15	0.714 times
10 Wed Jan 2024	111.10	110.90	114.50	105.30	1.124 times

My analysis of stock is bearish for shortterm, and stock might move down till 91.9 or till 78.8. Use a stoploss of 102.86 and if the stock hits stoploss, then it can shoot up till 113.82

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	98.75
Upside Target	102.95
Upside Target	110.90
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	96.8
Downside Intraday Target	91.7
Upside Intraday Target	108.95
Upside Intraday Target	116
Upside Intraday Target	103.85

Weekly technical analysis of Mahamaya Steel (MAHASTEEL)

Date	Weekly Closing Price	Open	High	Low	Volume
23 Tue Jan 2024	101.90	108.30	110.90	98.75	0.267 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 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
23 Tue Jan 2024	101.90	82.60	123.00	82.60	4.756 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 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 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 SELL. Signal strength is Weak and stock is losing 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 getting stronger in this stock.

Ichimoku cloud is of green color and prices are in or below 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 negative zone. This is the SELL zone

Although the stock is in the SELL zone, but selling 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 109.52 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.