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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 2024-02-08 View latest technical analysis

10 day averaged volume of Mahamaya Steel is 461777

Date	Daily Closing Price	Open	High	Low	Volume
08 Thu Feb 2024	141.10	141.50	143.45	138.05	0.314 times
07 Wed Feb 2024	140.40	140.00	144.45	136.55	1.105 times
06 Tue Feb 2024	137.75	131.40	139.00	129.40	0.549 times
05 Mon Feb 2024	133.55	132.60	135.95	127.00	0.404 times
02 Fri Feb 2024	132.50	140.55	144.00	130.95	0.578 times
01 Thu Feb 2024	136.60	137.50	139.95	130.00	0.863 times
31 Wed Jan 2024	137.50	129.95	141.40	126.65	4.696 times
30 Tue Jan 2024	121.15	109.60	123.00	107.75	1.318 times
29 Mon Jan 2024	107.75	109.95	109.95	107.10	0.117 times
25 Thu Jan 2024	108.50	112.95	113.70	107.10	0.166 times

My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 132.8, but if it comes below 132.8, then a intra day sell could be more profitable.
If you take a sell trade below 132.8, then use 132.8 as stoploss and 119.09 as target. However if you take a buy trade in stock , then use 132.8 as stoploss and 149.3 as target.

Share price targets for Mahamaya Steel (MAHASTEEL)

Target Type	Value
Downside Target	70.40
Downside Target	75.15
Downside Target	82.60
Downside Target	87.50
Downside Target	89.40
Downside Target	91.90
Downside Target	98.75
Downside Target	102.95
Downside Target	107.10
Downside Target	113.70
Downside Target	127.00
Upside Target	141.40
Upside Target	144.00
Upside Target	144.45

Intraday share price targets for Mahamaya Steel (MAHASTEEL)

Target Type	Value
Downside Intraday Target	130.58
Downside Intraday Target	120.07
Upside Intraday Target	148.03
Upside Intraday Target	154.97
Downside Intraday Target	137.52

Weekly technical analysis of Mahamaya Steel (MAHASTEEL)

Date	Weekly Closing Price	Open	High	Low	Volume
08 Thu Feb 2024	141.10	132.60	144.45	127.00	0.313 times
02 Fri Feb 2024	132.50	109.95	144.00	107.10	11.556 times
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

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
08 Thu Feb 2024	141.10	137.50	144.45	127.00	0.226 times
31 Wed Jan 2024	137.50	82.60	141.40	82.60	7.738 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

Scroll below to view daily charts

Price has moved up this month, but volume has not increased substantially. This means that the move can be temporary and might not 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 buyers have become active on the stock recently. This cannot be a definite uptrend, specially if selected time duration is small.

Price action analysis of Mahamaya Steel ( (MAHASTEEL) ) based on a short 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 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 BUY signal for Mahamaya Steel in short term and the buy signal is strong.

MACD line is moving upwards which means that SELL signal is weakening, and buying is picking up momentum.

Mahamaya Steel Stock is trading near its recent HIGHS, which reflects strong buying momentum in short term! Bulls are getting stronger in this stock.

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 and BUY 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

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 134.47 and Mahamaya Steel (MAHASTEEL) stock is trading above this level. This is a good sign for the stock and it could move higher. 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.