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(MAHASTEEL_BE) Mahamaya Steel complete technical analysis [charts+indicators] | Buy/Sell Mahamaya Steel | (MAHASTEEL_BE) share price targets

Complete technical analysis of Mahamaya Steel (MAHASTEEL_BE) by charts plus indicators, forecast predictions and share price targets for Mahamaya Steel (MAHASTEEL_BE)

Showing technical analysis as on 2024-03-14 View latest technical analysis

10 day averaged volume of Mahamaya Steel is 19461

Date	Daily Closing Price	Open	High	Low	Volume
14 Thu Mar 2024	103.25	102.30	107.40	97.25	0.795 times
13 Wed Mar 2024	102.30	107.65	108.00	102.30	0.766 times
12 Tue Mar 2024	107.65	108.75	111.35	103.40	1.502 times
11 Mon Mar 2024	108.80	106.90	111.00	106.30	1.249 times
07 Thu Mar 2024	106.25	104.10	106.40	100.40	1.02 times
06 Wed Mar 2024	101.35	104.45	105.00	100.10	0.817 times
05 Tue Mar 2024	104.55	103.20	105.85	100.00	1.054 times
04 Mon Mar 2024	103.55	101.25	107.65	101.25	0.594 times
02 Sat Mar 2024	104.90	104.50	109.05	104.00	0.275 times
01 Fri Mar 2024	104.35	103.00	107.85	103.00	0.879 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 103.3, but if it comes above 103.3, then a intra day buy could be more profitable.
If you take a sell trade below 103.3, then use 103.3 as stoploss and 97 as target. However if you take a buy trade in stock , then use 103.3 as stoploss and 108.61 as target.

Share price targets for Mahamaya Steel (MAHASTEEL_BE)

Target Type	Value
Downside Target	63.90
Downside Target	66.10
Downside Target	68.55
Downside Target	70.85
Downside Target	74.00
Downside Target	97.25
Downside Target	100.00
Downside Target	103.00
Upside Target	106.20
Upside Target	111.35
Upside Target	112.50
Upside Target	115.00
Upside Target	122.00
Upside Target	135.80

Intraday share price targets for Mahamaya Steel (MAHASTEEL_BE)

Target Type	Value
Downside Intraday Target	96.55
Downside Intraday Target	89.85
Upside Intraday Target	110.65
Upside Intraday Target	118.05
Upside Intraday Target	103.95

Weekly technical analysis of Mahamaya Steel (MAHASTEEL_BE)

Date	Weekly Closing Price	Open	High	Low	Volume
14 Thu Mar 2024	103.25	106.90	111.35	97.25	1.237 times
07 Thu Mar 2024	106.25	101.25	107.65	100.00	0.599 times
02 Sat Mar 2024	104.90	109.10	115.00	103.00	1.042 times
23 Fri Feb 2024	112.05	119.00	122.00	106.20	0.853 times
16 Fri Feb 2024	116.45	135.80	135.80	112.50	4.394 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_BE)

Date	Monthly Closing Price	Open	High	Low	Volume
14 Thu Mar 2024	103.25	103.00	111.35	97.25	0.533 times
29 Thu Feb 2024	103.95	135.80	135.80	103.35	2.116 times
22 Fri Sep 2023	69.00	68.40	70.85	66.10	0.784 times
31 Thu Aug 2023	68.40	69.20	71.50	63.90	1.506 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_BE)

Price action analysis of Mahamaya Steel ( (MAHASTEEL_BE) ) based on a short 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_BE) ) based on a short to mid 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_BE) ) 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 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 getting stronger in this stock.

Ichimoku cloud is of green color and prices are in or below the green 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 105.18 and Mahamaya Steel (MAHASTEEL_BE) 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_BE) stock. Volume based technical analysis of Mahamaya Steel (MAHASTEEL_BE) 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.