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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 2024-06-06 View latest technical analysis

10 day averaged volume of Mahamaya Steel is 34449

Date	Daily Closing Price	Open	High	Low	Volume
06 Thu Jun 2024	100.85	100.00	102.80	100.00	0.489 times
05 Wed Jun 2024	100.90	97.85	101.40	94.45	0.818 times
04 Tue Jun 2024	96.10	101.25	103.45	93.20	0.649 times
03 Mon Jun 2024	102.70	110.00	110.00	100.15	0.626 times
31 Fri May 2024	102.60	103.95	103.95	99.75	0.367 times
30 Thu May 2024	102.10	103.55	105.55	100.25	0.491 times
29 Wed May 2024	103.55	106.95	107.60	101.00	0.915 times
28 Tue May 2024	105.60	114.95	114.95	103.50	1.772 times
27 Mon May 2024	114.40	114.50	116.30	109.95	0.996 times
24 Fri May 2024	114.35	116.00	116.95	113.25	0.692 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 102, but if it comes above 102, then a intra day buy could be more profitable.
If you take a sell trade below 102, then use 102 as stoploss and 92 as target. However if you take a buy trade in stock , then use 102 as stoploss and 110.23 as target.

Share price targets for Mahamaya Steel (MAHASTEEL)

Target Type	Value
Downside Target	76.20
Downside Target	82.60
Downside Target	89.40
Downside Target	93.20
Downside Target	99.75
Upside Target	108.50
Upside Target	116.30
Upside Target	118.95
Upside Target	127.00
Upside Target	130.00
Upside Target	141.40
Upside Target	144.45

Intraday share price targets for Mahamaya Steel (MAHASTEEL)

Target Type	Value
Downside Intraday Target	92.7
Downside Intraday Target	84.55
Upside Intraday Target	109.5
Upside Intraday Target	118.15
Upside Intraday Target	101.35

Weekly technical analysis of Mahamaya Steel (MAHASTEEL)

Date	Weekly Closing Price	Open	High	Low	Volume
06 Thu Jun 2024	100.85	110.00	110.00	93.20	0.568 times
31 Fri May 2024	102.60	114.50	116.30	99.75	0.933 times
24 Fri May 2024	114.35	115.30	118.95	108.50	0.92 times
18 Sat May 2024	112.60	125.95	130.00	110.60	0.154 times
09 Fri Feb 2024	133.15	132.60	144.45	127.00	0.339 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
06 Thu Jun 2024	100.85	110.00	110.00	93.20	0.176 times
31 Fri May 2024	102.60	125.95	130.00	99.75	0.274 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

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 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 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 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 Strong and stock is losing momentum.

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

Mahamaya Steel Stock is trading near its recent LOWS in short term which reflects strong selling momentum. Bears are weakening, and bulls are picking up momentum!

Ichimoku cloud is of red color and prices are below the red cloud Prices appear to be coming down

CCI has generated a buy signal for Mahamaya Steel in short term but BUY signal is weak.

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 105.09 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 negative.

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