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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 2024-04-30 View latest technical analysis

10 day averaged volume of Mahamaya Steel is 11633

Date	Daily Closing Price	Open	High	Low	Volume
30 Tue Apr 2024	110.45	110.00	111.90	109.55	0.342 times
29 Mon Apr 2024	110.45	114.95	114.95	108.20	1.107 times
26 Fri Apr 2024	111.75	110.00	112.45	109.00	1.131 times
25 Thu Apr 2024	109.65	108.40	111.90	107.50	0.811 times
24 Wed Apr 2024	106.80	109.95	110.00	106.15	1.008 times
23 Tue Apr 2024	110.10	104.15	111.40	104.15	1.537 times
22 Mon Apr 2024	106.15	104.10	109.90	104.10	0.646 times
19 Fri Apr 2024	105.80	105.10	106.35	102.50	0.335 times
18 Thu Apr 2024	106.40	108.65	110.40	104.05	0.717 times
16 Tue Apr 2024	107.05	108.85	111.20	107.00	0.606 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 112.3 as stoploss in an intra day sell trade for a target of 108.37. However, stock will show a bullish move above 112.3.

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	102.50
Downside Target	108.20
Upside Target	111.35
Upside Target	112.45
Upside Target	114.95
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	104.45
Upside Intraday Target	114.2
Upside Intraday Target	117.95
Upside Intraday Target	111.2

Weekly technical analysis of Mahamaya Steel (MAHASTEEL_BE)

Date	Weekly Closing Price	Open	High	Low	Volume
30 Tue Apr 2024	110.45	114.95	114.95	108.20	0.282 times
26 Fri Apr 2024	111.75	104.10	112.45	104.10	1.365 times
19 Fri Apr 2024	105.80	108.05	111.20	102.50	0.395 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

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
30 Tue Apr 2024	110.45	101.75	116.00	99.20	1.12 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 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 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 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 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. Bulls are getting stronger in this stock.

Ichimoku cloud is of green color and prices are above 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 positive zone. This is a BUY zone

Although the stock is in the BUY zone, but buying 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 108.91 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 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.