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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 2024-03-26 View latest technical analysis

10 day averaged volume of Mahamaya Steel is 13949

Date	Daily Closing Price	Open	High	Low	Volume
26 Tue Mar 2024	100.10	103.45	103.45	96.00	0.842 times
22 Fri Mar 2024	99.45	100.10	102.30	97.05	0.58 times
21 Thu Mar 2024	100.10	101.40	101.40	99.00	0.493 times
20 Wed Mar 2024	101.50	100.00	102.00	97.10	1.287 times
19 Tue Mar 2024	100.20	99.05	102.65	98.00	0.572 times
18 Mon Mar 2024	100.00	97.05	105.95	97.05	0.406 times
15 Fri Mar 2024	101.50	108.00	108.00	99.00	0.646 times
14 Thu Mar 2024	103.25	102.30	107.40	97.25	1.109 times
13 Wed Mar 2024	102.30	107.65	108.00	102.30	1.068 times
12 Tue Mar 2024	107.65	108.75	111.35	103.40	2.096 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 100.5, but if it comes above 100.5, then a intra day buy could be more profitable.
If you take a sell trade below 100.5, then use 100.5 as stoploss and 96.7 as target. However if you take a buy trade in stock , then use 100.5 as stoploss and 103.59 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	96.00
Downside Target	100.00
Upside Target	103.00
Upside Target	105.95
Upside Target	107.65
Upside Target	111.35
Upside Target	115.00
Upside Target	135.80

Intraday share price targets for Mahamaya Steel (MAHASTEEL_BE)

Target Type	Value
Downside Intraday Target	96.25
Downside Intraday Target	92.4
Upside Intraday Target	103.7
Upside Intraday Target	107.3
Downside Intraday Target	99.85

Weekly technical analysis of Mahamaya Steel (MAHASTEEL_BE)

Date	Weekly Closing Price	Open	High	Low	Volume
26 Tue Mar 2024	100.10	103.45	103.45	96.00	0.252 times
22 Fri Mar 2024	99.45	97.05	105.95	97.05	0.501 times
15 Fri Mar 2024	101.50	106.90	111.35	97.25	1.37 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

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_BE)

Date	Monthly Closing Price	Open	High	Low	Volume
26 Tue Mar 2024	100.10	103.00	111.35	96.00	0.739 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 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_BE) ) 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_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 Strong and stock is losing momentum.

MACD generated a SELL signal for Mahamaya Steel in short term but the sell 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 green color and prices are in or below 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 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 102.74 and Mahamaya Steel (MAHASTEEL_BE) 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_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 negative.

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