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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 2024-05-14 View latest technical analysis

10 day averaged volume of Mahamaya Steel is 470585

Date	Daily Closing Price	Open	High	Low	Volume
14 Tue May 2024	114.70	120.05	122.50	113.95	0.07 times
13 Mon May 2024	118.05	125.95	130.00	116.15	0.169 times
09 Fri Feb 2024	133.15	141.15	142.05	128.10	0.188 times
08 Thu Feb 2024	141.10	141.50	143.45	138.05	0.308 times
07 Wed Feb 2024	140.40	140.00	144.45	136.55	1.085 times
06 Tue Feb 2024	137.75	131.40	139.00	129.40	0.539 times
05 Mon Feb 2024	133.55	132.60	135.95	127.00	0.396 times
02 Fri Feb 2024	132.50	140.55	144.00	130.95	0.567 times
01 Thu Feb 2024	136.60	137.50	139.95	130.00	0.847 times
31 Wed Jan 2024	137.50	129.95	141.40	126.65	4.608 times

My analysis of stock is bearish for shortterm, and stock might move down till 107.3 or till 91. Use a stoploss of 120.86 and if the stock hits stoploss, then it can shoot up till 134.42

Share price targets for Mahamaya Steel (MAHASTEEL)

Target Type	Value
Downside Target	75.15
Downside Target	82.60
Downside Target	87.50
Downside Target	89.40
Downside Target	98.75
Downside Target	103.30
Downside Target	107.10
Downside Target	113.70
Upside Target	127.00
Upside Target	130.00
Upside Target	141.40
Upside Target	144.00
Upside Target	144.45

Intraday share price targets for Mahamaya Steel (MAHASTEEL)

Target Type	Value
Downside Intraday Target	109.1
Downside Intraday Target	103.5
Upside Intraday Target	125.15
Upside Intraday Target	135.6
Upside Intraday Target	119.55

Weekly technical analysis of Mahamaya Steel (MAHASTEEL)

Date	Weekly Closing Price	Open	High	Low	Volume
14 Tue May 2024	114.70	125.95	130.00	113.95	0.095 times
09 Fri Feb 2024	133.15	132.60	144.45	127.00	0.339 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

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
14 Tue May 2024	114.70	125.95	130.00	113.95	0.061 times
09 Fri Feb 2024	133.15	137.50	144.45	127.00	0.237 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

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 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 negative. This means that there is a strong downtrend in the stock for given time period. Sellers are extremely active on 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 SELL. Signal strength is Weak and stock is gaining momentum.

MACD generated a SELL signal for Mahamaya Steel in short term but the sell signal is initial and weak.

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 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 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 136.76 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 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.