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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 2024-12-09 View latest technical analysis

10 day averaged volume of Mahamaya Steel is 6716

Date	Daily Closing Price	Open	High	Low	Volume
09 Mon Dec 2024	209.05	211.00	216.90	200.00	0.769 times
06 Fri Dec 2024	209.79	207.79	209.81	199.60	1.501 times
05 Thu Dec 2024	199.82	208.98	208.98	199.50	2.369 times
04 Wed Dec 2024	204.77	214.79	214.79	200.00	1.429 times
03 Tue Dec 2024	209.74	215.00	215.00	207.11	0.58 times
02 Mon Dec 2024	217.97	212.05	220.05	211.50	1.226 times
29 Fri Nov 2024	221.32	218.85	223.60	210.10	0.882 times
28 Thu Nov 2024	218.32	212.00	219.00	208.00	0.698 times
27 Wed Nov 2024	214.77	219.57	222.00	212.01	0.656 times
26 Tue Nov 2024	219.57	221.00	221.00	210.80	0.466 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 210.3, but if it comes above 210.3, then a intra day buy could be more profitable.
If you take a sell trade below 210.3, then use 210.3 as stoploss and 202.4 as target. However if you take a buy trade in stock , then use 210.3 as stoploss and 216.84 as target.

Share price targets for Mahamaya Steel (MAHASTEEL_BE)

Target Type	Value
Downside Target	161.88
Downside Target	169.67
Downside Target	186.00
Downside Target	191.66
Downside Target	199.50
Downside Target	205.30
Upside Target	216.90
Upside Target	220.05
Upside Target	223.60
Upside Target	224.00
Upside Target	225.00
Upside Target	225.30
Upside Target	229.00

Intraday share price targets for Mahamaya Steel (MAHASTEEL_BE)

Target Type	Value
Downside Intraday Target	200.4
Downside Intraday Target	191.75
Upside Intraday Target	217.3
Upside Intraday Target	225.55
Downside Intraday Target	208.65

Weekly technical analysis of Mahamaya Steel (MAHASTEEL_BE)

Date	Weekly Closing Price	Open	High	Low	Volume
09 Mon Dec 2024	209.05	211.00	216.90	200.00	0.108 times
06 Fri Dec 2024	209.79	212.05	220.05	199.50	2.455 times
29 Fri Nov 2024	221.32	222.30	223.60	208.00	0.442 times
22 Fri Nov 2024	222.31	223.62	225.00	206.15	2.075 times
14 Thu Nov 2024	223.62	222.70	224.00	208.02	0.474 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
09 Mon Dec 2024	209.05	212.05	220.05	199.50	0.391 times
29 Fri Nov 2024	221.32	225.44	229.00	206.15	0.646 times
31 Thu Oct 2024	221.00	204.00	225.30	191.66	0.456 times
30 Mon Sep 2024	202.50	169.80	205.30	161.88	3.274 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 positive, but trend is highly volatile. A longer time period analysis might give a better idea of the trend.

Price action analysis of Mahamaya Steel ( (MAHASTEEL_BE) ) based on a short 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 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 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 SELL. 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 is trading near its recent LOWS in short term which reflects strong selling momentum. 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 coming down

CCI has generated a buy signal for Mahamaya Steel in short term but BUY signal is weak.

RSI is generating a BUY signal in short term and the buying is gaining 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 210.03 and Mahamaya Steel (MAHASTEEL_BE) stock is trading below this level. This means that stock is falling with high volumes. 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 positive

Force Index is moving in a negative zone, which indicates selling momentum for short term... Selling momentum is getting weaker.