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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 2024-01-01 View latest technical analysis

10 day averaged volume of Mahamaya Steel is 47252

Date	Daily Closing Price	Open	High	Low	Volume
01 Mon Jan 2024	83.95	82.60	84.90	82.60	0.434 times
29 Fri Dec 2023	84.30	83.95	85.30	82.05	0.601 times
28 Thu Dec 2023	83.05	84.80	84.80	82.45	0.539 times
27 Wed Dec 2023	83.45	84.40	84.50	83.20	0.581 times
26 Tue Dec 2023	82.95	84.10	84.80	82.15	0.352 times
22 Fri Dec 2023	83.55	82.65	84.10	81.85	0.692 times
21 Thu Dec 2023	81.05	79.40	81.75	78.95	0.394 times
20 Wed Dec 2023	79.40	88.00	88.00	78.25	1.265 times
19 Tue Dec 2023	84.75	83.95	88.90	83.95	3.087 times
18 Mon Dec 2023	83.90	84.00	84.80	83.05	0.769 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 84.3 as stoploss in an intra day sell trade for a target of 81.44. However, stock will show a bullish move above 84.3.

Share price targets for Mahamaya Steel (MAHASTEEL)

Target Type	Value
Downside Target	70.40
Downside Target	75.15
Downside Target	80.20
Downside Target	82.05
Upside Target	84.90
Upside Target	84.95
Upside Target	85.30
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	82.73
Downside Intraday Target	81.52
Upside Intraday Target	85.03
Upside Intraday Target	86.12
Downside Intraday Target	83.82

Weekly technical analysis of Mahamaya Steel (MAHASTEEL)

Date	Weekly Closing Price	Open	High	Low	Volume
01 Mon Jan 2024	83.95	82.60	84.90	82.60	0.209 times
29 Fri Dec 2023	84.30	84.10	85.30	82.05	0.334 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

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
01 Mon Jan 2024	83.95	82.60	84.90	82.60	0.02 times
29 Fri Dec 2023	84.30	80.25	89.40	76.20	1.136 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

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)

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 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 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.

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 SELL signal for Mahamaya Steel in short term but SELL signal is weak.

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

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 83.3 and Mahamaya Steel (MAHASTEEL) 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) 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 positive

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