logo munafa.org
NEWS Gainers Losers
Learn then Earn

Daily Technical Analysis Weekly Analysis Monthly Analysis Renko chart MACD chart Bollinger Bands chart Stochastics charts Force Index charts

(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.

10 day averaged volume of Mahamaya Steel is 56890

Date Daily Closing Price Open High Low Volume
16 Fri Apr 2021 78.10 79.50 79.50 77.20 0.136 times
15 Thu Apr 2021 77.05 76.20 82.35 75.55 0.648 times
13 Tue Apr 2021 79.20 81.05 83.00 75.20 0.73 times
12 Mon Apr 2021 79.60 86.00 86.00 79.00 0.526 times
09 Fri Apr 2021 86.65 87.70 88.90 85.00 0.412 times
08 Thu Apr 2021 86.85 87.00 89.00 84.30 1.204 times
07 Wed Apr 2021 84.75 84.35 86.00 83.35 0.547 times
06 Tue Apr 2021 84.05 83.85 89.00 82.05 1.359 times
05 Mon Apr 2021 82.65 84.05 85.25 80.50 0.702 times
01 Thu Apr 2021 86.15 84.40 88.90 83.10 1.493 times

My analysis of stock is bearish for shortterm, but stock is semi over sold and there are some chances of seeing a recovery tomorrow. Use 76.2 as stoploss in an intra day buy trade for a target of 80.48. However, stock will show a bearish move below 76.2.

Share price targets for Mahamaya Steel (MAHASTEEL)

Target Type Value
Downside Target 72.30
Downside Target 74.95
Upside Target 80.50
Upside Target 86.00
Upside Target 89.00
Upside Target 90.50
Upside Target 93.20
Upside Target 99.60
Upside Target 106.30
Upside Target 115.40
Upside Target 130.30

Intraday share price targets for Mahamaya Steel (MAHASTEEL)

Target Type Value
Downside Intraday Target 73.53
Downside Intraday Target 68.97
Upside Intraday Target 84.33
Upside Intraday Target 90.57
Upside Intraday Target 79.77

Weekly technical analysis of Mahamaya Steel (MAHASTEEL)

Date Weekly Closing Price Open High Low Volume
16 Fri Apr 2021 78.10 86.00 86.00 75.20 0.483 times
09 Fri Apr 2021 86.65 84.05 89.00 80.50 0.596 times
01 Thu Apr 2021 86.15 75.95 90.50 74.95 9.563 times
26 Fri Mar 2021 72.80 79.00 81.70 72.30 0.606 times
19 Fri Mar 2021 76.00 87.55 87.55 73.00 0.826 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
16 Fri Apr 2021 78.10 84.40 89.00 75.20 0.748 times
31 Wed Mar 2021 82.75 99.60 99.60 72.30 2.109 times
25 Thu Feb 2021 95.30 105.90 115.40 88.25 0.228 times
29 Fri Jan 2021 104.85 96.15 130.30 93.20 2.05 times

Scroll below to view daily charts

Price has moved down 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)

Indicator Name Indicator Value Indicator Signal
ADX 15, 23, 21 Sell
MACD -6, -6Buy
Stochastics 20Sell
CCI -106Sell
RSI 53Buy
OBV 87476Sell
VWAP 84Sell
ADL 0Sell
ROC -6Sell
Force Index 0Sell

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 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 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 mid to longer 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.

ADX buy sell signal for Mahamaya Steel stock for short term is SELL. Signal strength is Strong and stock is losing momentum.

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

Mahamaya Steel Stock is trading near its recent LOWS in short term which reflects strong selling momentum. Bears are getting stronger in this stock.

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

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 83.5 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 has given negative returns over a short term period. Returns for a longer term period have been negative.

Force Index is moving in a negative zone, which indicates selling momentum for short term... Selling momentum is getting weaker.

Click here for Mahamaya Steel charts

Click here for further forecast and predictions for tomorrow

Daily charts

Daily Technical Analysis Weekly Analysis Monthly Analysis Renko chart MACD chart Bollinger Bands chart Stochastics charts Force Index charts

Daily chart
Learn then Earn
Back to top | Use Dark Theme