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 2024-12-20 View latest technical analysis

10 day averaged volume of Mahamaya Steel is 7852

Date	Daily Closing Price	Open	High	Low	Volume
20 Fri Dec 2024	199.16	202.00	202.84	196.00	0.25 times
19 Thu Dec 2024	202.12	211.45	211.45	192.11	0.225 times
18 Wed Dec 2024	201.39	197.50	206.00	197.50	0.334 times
17 Tue Dec 2024	206.49	204.01	209.45	201.08	1.43 times
16 Mon Dec 2024	211.67	215.00	215.00	205.51	0.254 times
13 Fri Dec 2024	208.08	206.00	208.57	199.50	0.709 times
12 Thu Dec 2024	198.64	206.00	206.00	196.00	1.395 times
11 Wed Dec 2024	205.18	206.00	206.00	203.20	3.365 times
10 Tue Dec 2024	211.03	203.90	212.00	203.90	0.346 times
09 Mon Dec 2024	209.05	211.00	216.90	200.00	0.658 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 202.3, but if it comes above 202.3, then a intra day buy could be more profitable.
If you take a sell trade below 202.3, then use 202.3 as stoploss and 193.7 as target. However if you take a buy trade in stock , then use 202.3 as stoploss and 209.43 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	196.00
Upside Target	205.30
Upside Target	215.00
Upside Target	220.05
Upside Target	223.60
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	189.18
Downside Intraday Target	179.2
Upside Intraday Target	212.07
Upside Intraday Target	224.98
Upside Intraday Target	202.09

Weekly technical analysis of Mahamaya Steel (MAHASTEEL_BE)

Date	Weekly Closing Price	Open	High	Low	Volume
20 Fri Dec 2024	199.16	215.00	215.00	192.11	0.385 times
13 Fri Dec 2024	208.08	211.00	216.90	196.00	1.065 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

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
20 Fri Dec 2024	199.16	212.05	220.05	192.11	0.873 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 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 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 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 neutral. A longer time frame might give a better analysis.

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 and the sell signal is strong.

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. Bears are getting stronger in this stock.

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

CCI has generated a SELL signal for Mahamaya Steel in short term and SELL signal is strong!

RSI is generating a BUY signal in short term and the buying is gaining 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 204.91 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 negative.

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