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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 2025-01-15 View latest technical analysis

10 day averaged volume of Mahamaya Steel is 8627

Date	Daily Closing Price	Open	High	Low	Volume
15 Wed Jan 2025	192.84	180.50	195.00	180.50	0.441 times
14 Tue Jan 2025	189.14	188.98	196.98	179.53	0.992 times
13 Mon Jan 2025	188.98	190.00	190.00	186.87	0.289 times
10 Fri Jan 2025	196.71	194.02	204.78	192.98	1.484 times
09 Thu Jan 2025	203.14	201.06	209.48	199.09	1.501 times
08 Wed Jan 2025	209.57	207.99	212.00	198.07	1.028 times
07 Tue Jan 2025	208.50	206.01	213.46	201.02	0.394 times
06 Mon Jan 2025	211.41	213.50	217.00	201.80	1.32 times
03 Fri Jan 2025	211.88	205.67	215.95	199.60	1.919 times
02 Thu Jan 2025	205.67	206.50	211.00	197.10	0.78 times

My analysis of stock is bearish for shortterm, but stock is semi over sold and there are some chances of seeing a recovery tomorrow. Use 192.6 as stoploss in an intra day buy trade for a target of 199.91. However, stock will show a bearish move below 192.6.

Share price targets for Mahamaya Steel (MAHASTEEL_BE)

Target Type	Value
Downside Target	161.88
Downside Target	179.53
Downside Target	183.55
Downside Target	191.66
Upside Target	196.98
Upside Target	204.00
Upside Target	215.00
Upside Target	215.95
Upside Target	217.00
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	182.59
Downside Intraday Target	172.33
Upside Intraday Target	200.04
Upside Intraday Target	207.23
Downside Intraday Target	189.78

Weekly technical analysis of Mahamaya Steel (MAHASTEEL_BE)

Date	Weekly Closing Price	Open	High	Low	Volume
15 Wed Jan 2025	192.84	190.00	196.98	179.53	0.301 times
10 Fri Jan 2025	196.71	213.50	217.00	192.98	1.044 times
03 Fri Jan 2025	211.88	186.80	215.95	186.80	2.039 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

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
15 Wed Jan 2025	192.84	200.00	217.00	179.53	0.553 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 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 to mid 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 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 SELL. Signal strength is Strong 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 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 red color and prices are below the red cloud Prices appear to be moving up

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

RSI is generating a SELL signal in short term but selling 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 203.76 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.