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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 2025-01-01 View latest technical analysis

10 day averaged volume of Mahamaya Steel is 6231

Date	Daily Closing Price	Open	High	Low	Volume
01 Wed Jan 2025	206.50	200.00	207.00	199.90	0.406 times
31 Tue Dec 2024	203.71	197.00	206.39	193.00	1.938 times
30 Mon Dec 2024	196.57	186.80	200.99	186.80	1.515 times
27 Fri Dec 2024	192.57	192.98	201.50	183.55	0.742 times
26 Thu Dec 2024	192.99	195.00	195.00	185.20	0.266 times
24 Tue Dec 2024	192.42	194.99	194.99	189.00	0.372 times
23 Mon Dec 2024	192.94	199.16	204.00	189.20	2.346 times
20 Fri Dec 2024	199.16	202.00	202.84	196.00	0.315 times
19 Thu Dec 2024	202.12	211.45	211.45	192.11	0.283 times
18 Wed Dec 2024	201.39	197.50	206.00	197.50	0.421 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 208.5 as stoploss in an intra day sell trade for a target of 202.24. However, stock will show a bullish move above 208.5.

Share price targets for Mahamaya Steel (MAHASTEEL_BE)

Target Type	Value
Downside Target	161.88
Downside Target	183.55
Downside Target	191.66
Downside Target	196.00
Downside Target	204.00
Upside Target	207.00
Upside Target	215.00
Upside Target	216.90
Upside Target	220.05
Upside Target	225.30
Upside Target	229.00

Intraday share price targets for Mahamaya Steel (MAHASTEEL_BE)

Target Type	Value
Downside Intraday Target	193.2
Downside Intraday Target	179.9
Upside Intraday Target	213.4
Upside Intraday Target	220.3
Downside Intraday Target	200.1

Weekly technical analysis of Mahamaya Steel (MAHASTEEL_BE)

Date	Weekly Closing Price	Open	High	Low	Volume
01 Wed Jan 2025	206.50	186.80	207.00	186.80	1.036 times
27 Fri Dec 2024	192.57	199.16	204.00	183.55	1.185 times
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

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
01 Wed Jan 2025	206.50	200.00	207.00	199.90	0.016 times
31 Tue Dec 2024	203.71	212.05	220.05	183.55	1.204 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

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 term time period is positive, but buyers have become active on the stock recently. This cannot be a definite uptrend, 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 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 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 Weak and stock is gaining momentum.

MACD generated a BUY signal for Mahamaya Steel in short term but the buy signal is initial and weak.

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

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 red color and prices are in or above the red 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 positive zone. This is a BUY 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 197.54 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 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.