Daily Technical Analysis Weekly Analysis Monthly Analysis Renko chart MACD chart Bollinger Bands chart Stochastics charts Force Index charts

(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 2024-02-06 View latest technical analysis

10 day averaged volume of Mahamaya Steel is 398551

Date	Daily Closing Price	Open	High	Low	Volume
06 Tue Feb 2024	137.75	131.40	139.00	129.40	0.636 times
05 Mon Feb 2024	133.55	132.60	135.95	127.00	0.468 times
02 Fri Feb 2024	132.50	140.55	144.00	130.95	0.67 times
01 Thu Feb 2024	136.60	137.50	139.95	130.00	1 times
31 Wed Jan 2024	137.50	129.95	141.40	126.65	5.44 times
30 Tue Jan 2024	121.15	109.60	123.00	107.75	1.528 times
29 Mon Jan 2024	107.75	109.95	109.95	107.10	0.135 times
25 Thu Jan 2024	108.50	112.95	113.70	107.10	0.192 times
24 Wed Jan 2024	108.75	105.80	109.55	102.10	0.237 times
23 Tue Jan 2024	101.90	109.85	110.90	98.75	0.211 times

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 142.1, for a target of 127.9 or 116.07

Share price targets for Mahamaya Steel (MAHASTEEL)

Target Type	Value
Downside Target	70.40
Downside Target	75.15
Downside Target	82.60
Downside Target	87.50
Downside Target	89.40
Downside Target	91.90
Downside Target	98.75
Downside Target	102.95
Downside Target	107.10
Downside Target	113.70
Downside Target	127.00
Upside Target	139.00
Upside Target	141.40
Upside Target	144.00

Intraday share price targets for Mahamaya Steel (MAHASTEEL)

Target Type	Value
Downside Intraday Target	130.17
Downside Intraday Target	122.58
Upside Intraday Target	142.17
Upside Intraday Target	146.58
Downside Intraday Target	134.58

Weekly technical analysis of Mahamaya Steel (MAHASTEEL)

Date	Weekly Closing Price	Open	High	Low	Volume
06 Tue Feb 2024	137.75	132.60	139.00	127.00	0.126 times
02 Fri Feb 2024	132.50	109.95	144.00	107.10	11.556 times
25 Thu Jan 2024	108.50	108.30	113.70	98.75	0.613 times
19 Fri Jan 2024	106.70	109.75	115.00	103.30	0.966 times
12 Fri Jan 2024	108.20	111.00	114.50	102.95	0.14 times

Price has moved up 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
06 Tue Feb 2024	137.75	137.50	144.00	127.00	0.142 times
31 Wed Jan 2024	137.50	82.60	141.40	82.60	7.738 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

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 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 tired and bears are picking up momentum.

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 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 132.29 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.