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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 2024-09-02 View latest technical analysis

10 day averaged volume of Mahamaya Steel is 32928

Date	Daily Closing Price	Open	High	Low	Volume
02 Mon Sep 2024	170.19	169.80	174.00	165.00	1.06 times
30 Fri Aug 2024	173.23	179.00	179.00	169.67	1.583 times
29 Thu Aug 2024	178.60	182.00	186.00	175.76	2.674 times
10 Fri May 2024	119.85	117.35	120.85	117.00	0.554 times
09 Thu May 2024	119.70	121.00	121.00	114.65	0.934 times
08 Wed May 2024	119.75	119.95	120.00	115.70	0.949 times
07 Tue May 2024	116.15	115.00	117.00	111.20	0.96 times
06 Mon May 2024	113.45	108.55	113.55	108.55	1.421 times
03 Fri May 2024	108.15	110.00	111.60	107.00	0.343 times
02 Thu May 2024	110.00	112.10	112.10	108.30	0.462 times

Although my analysis for stock is bullish for shortterm, but stock is over bought and there are high chances of some profit booking tomorrow. You might want to sell the stock tomorrow in intra day with a stoploss of 171, for a target of 143.5 or 120.68

Share price targets for Mahamaya Steel (MAHASTEEL_BE)

Target Type	Value
Downside Target	96.00
Downside Target	99.20
Downside Target	104.10
Downside Target	107.00
Downside Target	111.35
Downside Target	114.95
Downside Target	121.00
Downside Target	165.00
Downside Target	169.67
Upside Target	174.00
Upside Target	186.00

Intraday share price targets for Mahamaya Steel (MAHASTEEL_BE)

Target Type	Value
Downside Intraday Target	165.46
Downside Intraday Target	160.73
Upside Intraday Target	174.46
Upside Intraday Target	178.73
Downside Intraday Target	169.73

Weekly technical analysis of Mahamaya Steel (MAHASTEEL_BE)

Date	Weekly Closing Price	Open	High	Low	Volume
02 Mon Sep 2024	170.19	169.80	174.00	165.00	0.249 times
30 Fri Aug 2024	173.23	182.00	186.00	169.67	0.884 times
10 Fri May 2024	119.85	108.55	121.00	108.55	3.66 times
03 Fri May 2024	108.15	114.95	114.95	107.00	0.726 times
26 Fri Apr 2024	111.75	104.10	112.45	104.10	1.365 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
02 Mon Sep 2024	170.19	169.80	174.00	165.00	0.249 times
30 Fri Aug 2024	173.23	182.00	186.00	169.67	0.757 times
10 Fri May 2024	119.85	112.10	121.00	107.00	0.578 times
30 Tue Apr 2024	110.45	101.75	116.00	99.20	1.12 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 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 positive! This means that there is a strong uptrend in the stock for the given time period. Buyers are extremely bullish on the 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.

MACD line is moving upwards which means that SELL signal is weakening, and buying is picking up momentum.

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 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 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 144.85 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.