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(MAHASTEEL) Mahamaya Steel complete technical analysis [charts+indicators] | Buy/Sell Mahamaya Steel | (MAHASTEEL) share price targets

Complete technical analysis of Mahamaya Steel (MAHASTEEL) by charts plus indicators, forecast predictions and share price targets for Mahamaya Steel (MAHASTEEL)

Mahamaya Steel trades in NSE in Iron & Steel Products sector.

Showing technical analysis as on 2023-12-21 View latest technical analysis

10 day averaged volume of Mahamaya Steel is 77587

Date	Daily Closing Price	Open	High	Low	Volume
21 Thu Dec 2023	81.05	79.40	81.75	78.95	0.24 times
20 Wed Dec 2023	79.40	88.00	88.00	78.25	0.77 times
19 Tue Dec 2023	84.75	83.95	88.90	83.95	1.88 times
18 Mon Dec 2023	83.90	84.00	84.80	83.05	0.468 times
15 Fri Dec 2023	83.30	85.40	89.40	81.10	1.048 times
14 Thu Dec 2023	84.60	85.75	86.90	83.80	1.566 times
13 Wed Dec 2023	84.85	79.30	86.50	78.80	2.761 times
12 Tue Dec 2023	78.90	79.35	79.35	78.00	0.364 times
11 Mon Dec 2023	78.00	78.10	79.35	77.45	0.344 times
08 Fri Dec 2023	78.10	77.45	79.60	77.10	0.432 times

My analysis of stock is bullish for shortterm, and stock might move up till 82.6 or till 86. Use a stoploss of 79.74 and if this stock hits its stoploss, then it can fall down till 76.88

Share price targets for Mahamaya Steel (MAHASTEEL)

Target Type	Value
Downside Target	63.00
Downside Target	70.40
Downside Target	75.15
Downside Target	80.20
Upside Target	82.50
Upside Target	84.95
Upside Target	85.90
Upside Target	87.50
Upside Target	88.90
Upside Target	89.40
Upside Target	91.90

Intraday share price targets for Mahamaya Steel (MAHASTEEL)

Target Type	Value
Downside Intraday Target	76.57
Downside Intraday Target	72.08
Upside Intraday Target	87.22
Upside Intraday Target	93.38
Upside Intraday Target	82.73

Weekly technical analysis of Mahamaya Steel (MAHASTEEL)

Date	Weekly Closing Price	Open	High	Low	Volume
21 Thu Dec 2023	81.05	84.00	88.90	78.25	0.552 times
15 Fri Dec 2023	83.30	78.10	89.40	77.45	3.976 times
08 Fri Dec 2023	78.10	79.05	80.20	76.20	0.693 times
01 Fri Dec 2023	77.55	76.95	82.50	76.05	1.296 times
24 Fri Nov 2023	76.75	79.80	80.20	76.00	0.861 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)

Date	Monthly Closing Price	Open	High	Low	Volume
21 Thu Dec 2023	81.05	80.25	89.40	76.20	0.989 times
30 Thu Nov 2023	78.75	84.45	87.50	75.15	0.456 times
31 Tue Oct 2023	85.25	82.25	91.90	70.40	3.016 times
29 Fri Sep 2023	81.15	71.60	84.95	71.60	0.581 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)

Price action analysis of Mahamaya Steel ( (MAHASTEEL) ) based on a short term time period is negative, but sellers have recently become active on the stock. This cannot be called a strong downtrend, specially if selected time duration is small

Price action analysis of Mahamaya Steel ( (MAHASTEEL) ) 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) ) based on a short to mid 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) ) 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 BUY. Signal strength is Weak and stock is gaining momentum.

MACD generated a BUY signal for Mahamaya Steel in short term and the buy 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 green color and prices are in or below the green cloud Prices appear to be moving up

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 but buying is losing 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 83.31 and Mahamaya Steel (MAHASTEEL) stock is trading below this level. This means that stock is falling with high volumes. VWAP is rising upwards.

People seem to be coming out and selling the Mahamaya Steel (MAHASTEEL) stock. Volume based technical analysis of Mahamaya Steel (MAHASTEEL) 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.