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

(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 2024-04-15 View latest technical analysis

10 day averaged volume of Mahamaya Steel is 21379

Date	Daily Closing Price	Open	High	Low	Volume
15 Mon Apr 2024	108.85	108.05	110.95	107.80	1.144 times
12 Fri Apr 2024	113.45	110.15	114.50	110.15	0.615 times
10 Wed Apr 2024	114.25	115.00	116.00	109.25	0.875 times
09 Tue Apr 2024	114.55	114.00	116.00	110.60	2.046 times
08 Mon Apr 2024	112.10	110.00	112.50	109.90	1.64 times
05 Fri Apr 2024	109.60	104.05	109.90	102.55	1.346 times
04 Thu Apr 2024	104.70	105.00	107.00	103.25	0.477 times
03 Wed Apr 2024	102.65	102.95	104.00	100.00	1.177 times
02 Tue Apr 2024	101.15	104.00	104.00	100.15	0.636 times
01 Mon Apr 2024	101.55	101.75	104.95	99.20	0.549 times

My analysis of stock is bullish for shortterm, but stock is in semi over bought zones and there are some chances of seeing a fall tomorrow. Use 109.8 as stoploss in an intra day sell trade for a target of 104.36. However, stock will show a bullish move above 109.8.

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
Downside Target	103.35
Downside Target	105.95
Upside Target	109.90
Upside Target	110.95
Upside Target	111.35
Upside Target	116.00
Upside Target	135.80

Intraday share price targets for Mahamaya Steel (MAHASTEEL_BE)

Target Type	Value
Downside Intraday Target	107.45
Downside Intraday Target	106.05
Upside Intraday Target	110.6
Upside Intraday Target	112.35
Upside Intraday Target	109.2

Weekly technical analysis of Mahamaya Steel (MAHASTEEL_BE)

Date	Weekly Closing Price	Open	High	Low	Volume
15 Mon Apr 2024	108.85	108.05	110.95	107.80	0.221 times
12 Fri Apr 2024	113.45	110.00	116.00	109.25	1.237 times
05 Fri Apr 2024	109.60	101.75	109.90	99.20	1.585 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

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
15 Mon Apr 2024	108.85	101.75	116.00	99.20	0.785 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 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 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_BE) ) 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_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 Strong and stock is losing momentum.

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

Mahamaya Steel Stock is trading near its recent HIGHS, which reflects strong buying momentum in short term! Bulls are getting tired and bears are picking up momentum.

Ichimoku cloud is of green color and prices are in or below the green cloud Prices appear to be coming down

CCI has generated a SELL signal for Mahamaya Steel in short term but SELL 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 109.55 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 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.