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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 2023-12-28 View latest technical analysis

10 day averaged volume of Mahamaya Steel is 75436

Date	Daily Closing Price	Open	High	Low	Volume
28 Thu Dec 2023	83.05	84.80	84.80	82.45	0.338 times
27 Wed Dec 2023	83.45	84.40	84.50	83.20	0.364 times
26 Tue Dec 2023	82.95	84.10	84.80	82.15	0.22 times
22 Fri Dec 2023	83.55	82.65	84.10	81.85	0.434 times
21 Thu Dec 2023	81.05	79.40	81.75	78.95	0.247 times
20 Wed Dec 2023	79.40	88.00	88.00	78.25	0.792 times
19 Tue Dec 2023	84.75	83.95	88.90	83.95	1.934 times
18 Mon Dec 2023	83.90	84.00	84.80	83.05	0.482 times
15 Fri Dec 2023	83.30	85.40	89.40	81.10	1.077 times
14 Thu Dec 2023	84.60	85.75	86.90	83.80	1.61 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 83.7 as stoploss in an intra day sell trade for a target of 80.84. However, stock will show a bullish move above 83.7.

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
Downside Target	82.15
Upside Target	84.80
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	81.87
Downside Intraday Target	80.68
Upside Intraday Target	84.52
Upside Intraday Target	85.98
Upside Intraday Target	83.33

Weekly technical analysis of Mahamaya Steel (MAHASTEEL)

Date	Weekly Closing Price	Open	High	Low	Volume
28 Thu Dec 2023	83.05	84.10	84.80	82.15	0.237 times
22 Fri Dec 2023	83.55	84.00	88.90	78.25	0.621 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

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
28 Thu Dec 2023	83.05	80.25	89.40	76.20	1.104 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 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 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) ) 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 losing 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 above the green 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 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 83.51 and Mahamaya Steel (MAHASTEEL) 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) stock. Volume based technical analysis of Mahamaya Steel (MAHASTEEL) stock is negative.

Mahamaya Steel Stock has given negative returns over a short term period. Returns for a longer term period have been positive

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