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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 2025-01-27 View latest technical analysis

10 day averaged volume of Mahamaya Steel is 3697

Date	Daily Closing Price	Open	High	Low	Volume
27 Mon Jan 2025	195.90	194.50	197.79	187.51	0.742 times
24 Fri Jan 2025	196.58	181.05	199.50	181.05	2.149 times
23 Thu Jan 2025	190.00	196.63	201.50	187.02	0.794 times
22 Wed Jan 2025	196.63	196.50	197.40	187.63	0.426 times
21 Tue Jan 2025	196.81	198.99	199.00	194.00	0.406 times
20 Mon Jan 2025	199.18	184.01	199.98	184.01	1.197 times
17 Fri Jan 2025	193.51	185.02	202.99	185.02	0.464 times
16 Thu Jan 2025	194.34	199.50	199.50	191.00	0.545 times
15 Wed Jan 2025	192.84	180.50	195.00	180.50	1.029 times
14 Tue Jan 2025	189.14	188.98	196.98	179.53	2.314 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 192.3 as stoploss in an intra day buy trade for a target of 199.55. However, stock will show a bearish move below 192.3.

Share price targets for Mahamaya Steel (MAHASTEEL_BE)

Target Type	Value
Downside Target	161.88
Downside Target	179.53
Downside Target	191.66
Upside Target	197.79
Upside Target	205.30
Upside Target	206.15
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	189.68
Downside Intraday Target	183.45
Upside Intraday Target	199.96
Upside Intraday Target	204.01
Downside Intraday Target	193.73

Weekly technical analysis of Mahamaya Steel (MAHASTEEL_BE)

Date	Weekly Closing Price	Open	High	Low	Volume
27 Mon Jan 2025	195.90	194.50	197.79	187.51	0.149 times
24 Fri Jan 2025	196.58	184.01	201.50	181.05	0.989 times
17 Fri Jan 2025	193.51	190.00	202.99	179.53	0.376 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

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
27 Mon Jan 2025	195.90	200.00	217.00	179.53	0.706 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 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 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 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 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 coming down

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 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 193.98 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 negative.

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