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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 2024-01-25 View latest technical analysis

10 day averaged volume of Mahamaya Steel is 86131

Date	Daily Closing Price	Open	High	Low	Volume
25 Thu Jan 2024	108.50	112.95	113.70	107.10	0.888 times
24 Wed Jan 2024	108.75	105.80	109.55	102.10	1.095 times
23 Tue Jan 2024	101.90	109.85	110.90	98.75	0.975 times
22 Mon Jan 2024	107.95	108.30	110.00	107.00	0.556 times
19 Fri Jan 2024	106.70	109.35	111.00	103.30	0.605 times
18 Thu Jan 2024	107.30	109.60	110.85	106.05	0.773 times
17 Wed Jan 2024	109.50	111.80	111.80	108.00	0.881 times
16 Tue Jan 2024	112.30	113.90	114.25	107.95	1.41 times
15 Mon Jan 2024	113.05	109.75	115.00	107.00	2.06 times
12 Fri Jan 2024	108.20	109.30	110.35	105.90	0.875 times

My analysis of stock is bullish for shortterm, and stock might move up till 114.2 or till 124.9. Use a stoploss of 105.39 and if this stock hits its stoploss, then it can fall down till 96.53

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	113.70
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	100.27
Downside Intraday Target	92.03
Upside Intraday Target	115.22
Upside Intraday Target	121.93
Downside Intraday Target	106.98

Weekly technical analysis of Mahamaya Steel (MAHASTEEL)

Date	Weekly Closing Price	Open	High	Low	Volume
25 Thu Jan 2024	108.50	108.30	113.70	98.75	0.613 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
25 Thu Jan 2024	108.50	82.60	123.00	82.60	4.925 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 positive, but trend is highly volatile. A longer time period analysis might give a better idea of the trend.

Price action analysis of Mahamaya Steel ( (MAHASTEEL) ) based on a short to mid term time period is positive, but trend is highly volatile. A longer time period analysis might give a better idea of the trend.

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 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 coming down

CCI has generated a buy signal for Mahamaya Steel in short term and BUY signal is strong.

RSI is generating a BUY signal in short term and the buying is gaining 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 109.18 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.