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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 2024-09-03 View latest technical analysis

10 day averaged volume of Mahamaya Steel is 36019

Date	Daily Closing Price	Open	High	Low	Volume
03 Tue Sep 2024	174.48	171.00	177.00	161.88	1.012 times
02 Mon Sep 2024	170.19	169.80	174.00	165.00	0.969 times
30 Fri Aug 2024	173.23	179.00	179.00	169.67	1.447 times
29 Thu Aug 2024	178.60	182.00	186.00	175.76	2.445 times
10 Fri May 2024	119.85	117.35	120.85	117.00	0.506 times
09 Thu May 2024	119.70	121.00	121.00	114.65	0.854 times
08 Wed May 2024	119.75	119.95	120.00	115.70	0.867 times
07 Tue May 2024	116.15	115.00	117.00	111.20	0.878 times
06 Mon May 2024	113.45	108.55	113.55	108.55	1.299 times
03 Fri May 2024	108.15	110.00	111.60	107.00	0.313 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 180, for a target of 149.5 or 124.06

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	161.88
Downside Target	169.67
Upside Target	177.00
Upside Target	186.00

Intraday share price targets for Mahamaya Steel (MAHASTEEL_BE)

Target Type	Value
Downside Intraday Target	165.24
Downside Intraday Target	156
Upside Intraday Target	180.36
Upside Intraday Target	186.24
Downside Intraday Target	171.12

Weekly technical analysis of Mahamaya Steel (MAHASTEEL_BE)

Date	Weekly Closing Price	Open	High	Low	Volume
03 Tue Sep 2024	174.48	169.80	177.00	161.88	0.509 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 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
03 Tue Sep 2024	174.48	169.80	177.00	161.88	0.509 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 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 sellers have recently become active on the stock. This cannot be called a strong downtrend, 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 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 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

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 149.07 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.