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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 2024-01-03 View latest technical analysis

10 day averaged volume of Mahamaya Steel is 64887

Date	Daily Closing Price	Open	High	Low	Volume
03 Wed Jan 2024	105.65	91.55	105.65	90.00	14.124 times
02 Tue Jan 2024	88.05	84.95	91.00	83.95	4.214 times
01 Mon Jan 2024	83.95	82.60	84.90	82.60	0.316 times
29 Fri Dec 2023	84.30	83.95	85.30	82.05	0.437 times
28 Thu Dec 2023	83.05	84.80	84.80	82.45	0.393 times
27 Wed Dec 2023	83.45	84.40	84.50	83.20	0.423 times
26 Tue Dec 2023	82.95	84.10	84.80	82.15	0.256 times
22 Fri Dec 2023	83.55	82.65	84.10	81.85	0.504 times
21 Thu Dec 2023	81.05	79.40	81.75	78.95	0.287 times
20 Wed Dec 2023	79.40	88.00	88.00	78.25	0.921 times

Stock of Mahamaya Steel (MAHASTEEL) has showed a significant upmove. This could be a good time to enter in this stock!

Although my analysis for stock is bullish for shortterm, but stock is over bought and there are high chances of some profit booking tomorrow. You might want to sell the stock tomorrow in intra day with a stoploss of 96.3, for a target of 89.2 or 83.36

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
Downside Target	84.95
Downside Target	87.50
Downside Target	88.90
Downside Target	89.40
Downside Target	91.90
Downside Target	105.65

Intraday share price targets for Mahamaya Steel (MAHASTEEL)

Target Type	Value
Downside Intraday Target	90.28
Downside Intraday Target	74.92
Upside Intraday Target	113.33
Upside Intraday Target	121.02
Downside Intraday Target	97.97

Weekly technical analysis of Mahamaya Steel (MAHASTEEL)

Date	Weekly Closing Price	Open	High	Low	Volume
03 Wed Jan 2024	105.65	82.60	105.65	82.60	12.356 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 up this week, and volume has increased substantially. This means that the move can continue in coming weeks.

Monthly technical analysis of Mahamaya Steel (MAHASTEEL)

Date	Monthly Closing Price	Open	High	Low	Volume
03 Wed Jan 2024	105.65	82.60	105.65	82.60	1.202 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 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 positive, but buyers have become active on the stock recently. This cannot be a definite uptrend, specially if selected time duration is small.

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 Strong 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 is trading near its recent HIGHS, which reflects strong buying momentum in short term! Bulls are getting stronger in this stock.

Ichimoku cloud is of green color and prices are above the green cloud Prices appear to be moving up

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 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 98.48 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.