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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 2024-04-01 View latest technical analysis

10 day averaged volume of Mahamaya Steel is 12750

Date	Daily Closing Price	Open	High	Low	Volume
01 Mon Apr 2024	101.55	101.75	104.95	99.20	0.92 times
28 Thu Mar 2024	100.65	99.00	101.75	98.00	1.072 times
27 Wed Mar 2024	97.50	100.75	100.90	97.00	2.435 times
26 Tue Mar 2024	100.10	103.45	103.45	96.00	0.921 times
22 Fri Mar 2024	99.45	100.10	102.30	97.05	0.635 times
21 Thu Mar 2024	100.10	101.40	101.40	99.00	0.539 times
20 Wed Mar 2024	101.50	100.00	102.00	97.10	1.408 times
19 Tue Mar 2024	100.20	99.05	102.65	98.00	0.626 times
18 Mon Mar 2024	100.00	97.05	105.95	97.05	0.444 times
15 Fri Mar 2024	101.50	108.00	108.00	99.00	0.707 times

My analysis of stock is bearish for shortterm, and stock might move down till 99.6 or till 96.3. Use a stoploss of 102.48 and if the stock hits stoploss, then it can shoot up till 105.31

Share price targets for Mahamaya Steel (MAHASTEEL_BE)

Target Type	Value
Downside Target	63.90
Downside Target	66.10
Downside Target	70.85
Downside Target	96.00
Downside Target	99.20
Upside Target	103.35
Upside Target	104.95
Upside Target	105.95
Upside Target	107.65
Upside Target	111.35
Upside Target	135.80

Intraday share price targets for Mahamaya Steel (MAHASTEEL_BE)

Target Type	Value
Downside Intraday Target	98.85
Downside Intraday Target	96.15
Upside Intraday Target	104.6
Upside Intraday Target	107.65
Upside Intraday Target	101.9

Weekly technical analysis of Mahamaya Steel (MAHASTEEL_BE)

Date	Weekly Closing Price	Open	High	Low	Volume
01 Mon Apr 2024	101.55	101.75	104.95	99.20	0.208 times
28 Thu Mar 2024	100.65	103.45	103.45	96.00	1.213 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

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
01 Mon Apr 2024	101.55	101.75	104.95	99.20	0.041 times
28 Thu Mar 2024	100.65	103.00	111.35	96.00	0.876 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

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_BE)

Price action analysis of Mahamaya Steel ( (MAHASTEEL_BE) ) 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_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 BUY. Signal strength is Weak 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 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 in or below 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 99.91 and Mahamaya Steel (MAHASTEEL_BE) stock is trading above this level. This is a good sign for the stock and it could move higher. 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.