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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 2024-01-24 View latest technical analysis

10 day averaged volume of Mahamaya Steel is 87168

Date	Daily Closing Price	Open	High	Low	Volume
24 Wed Jan 2024	108.75	105.80	109.55	102.10	1.082 times
23 Tue Jan 2024	101.90	109.85	110.90	98.75	0.963 times
22 Mon Jan 2024	107.95	108.30	110.00	107.00	0.549 times
19 Fri Jan 2024	106.70	109.35	111.00	103.30	0.598 times
18 Thu Jan 2024	107.30	109.60	110.85	106.05	0.764 times
17 Wed Jan 2024	109.50	111.80	111.80	108.00	0.871 times
16 Tue Jan 2024	112.30	113.90	114.25	107.95	1.393 times
15 Mon Jan 2024	113.05	109.75	115.00	107.00	2.035 times
12 Fri Jan 2024	108.20	109.30	110.35	105.90	0.864 times
11 Thu Jan 2024	109.30	111.00	113.40	108.15	0.763 times

My analysis of stock is bullish for shortterm, and stock might move up till 114.2 or till 126.3. Use a stoploss of 104.12 and if this stock hits its stoploss, then it can fall down till 94.05

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
Downside 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	101.37
Downside Intraday Target	93.98
Upside Intraday Target	113.52
Upside Intraday Target	118.28
Downside Intraday Target	106.13

Weekly technical analysis of Mahamaya Steel (MAHASTEEL)

Date	Weekly Closing Price	Open	High	Low	Volume
24 Wed Jan 2024	108.75	108.30	110.90	98.75	0.458 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
24 Wed Jan 2024	108.75	82.60	123.00	82.60	4.849 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 sellers have recently become active on the stock. This cannot be called a strong downtrend, specially if selected time duration is small

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 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 and the buying is gaining 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 109.25 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.