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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 2024-06-18 View latest technical analysis

10 day averaged volume of Mahamaya Steel is 36636

Date	Daily Closing Price	Open	High	Low	Volume
18 Tue Jun 2024	104.61	106.00	106.50	103.81	0.755 times
14 Fri Jun 2024	104.28	101.25	106.87	100.37	1.543 times
13 Thu Jun 2024	101.07	102.50	102.50	100.03	0.538 times
12 Wed Jun 2024	100.20	102.80	104.00	99.50	2.339 times
11 Tue Jun 2024	102.69	103.00	103.00	100.54	0.846 times
10 Mon Jun 2024	101.70	102.90	102.90	100.70	0.604 times
07 Fri Jun 2024	100.45	101.70	102.75	99.40	1.702 times
06 Thu Jun 2024	100.85	100.00	102.80	100.00	0.46 times
05 Wed Jun 2024	100.90	97.85	101.40	94.45	0.769 times
04 Tue Jun 2024	96.10	101.25	103.45	93.20	0.611 times

My analysis of stock is bearish for shortterm, and stock might move down till 99.4 or till 92.8. Use a stoploss of 104.86 and if the stock hits stoploss, then it can shoot up till 110.32

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	99.50
Downside Target	103.81
Upside Target	106.50
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	103.45
Downside Intraday Target	102.28
Upside Intraday Target	106.14
Upside Intraday Target	107.66
Upside Intraday Target	104.97

Weekly technical analysis of Mahamaya Steel (MAHASTEEL)

Date	Weekly Closing Price	Open	High	Low	Volume
18 Tue Jun 2024	104.61	106.00	106.50	103.81	0.129 times
14 Fri Jun 2024	104.28	102.90	106.87	99.50	1.422 times
07 Fri Jun 2024	100.45	110.00	110.00	93.20	0.967 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

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
18 Tue Jun 2024	104.61	110.00	110.00	93.20	0.778 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 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 to mid term time period is positive, but trend is highly volatile. A longer time period analysis might give a better idea of the trend.

Price action analysis of Mahamaya Steel ( (MAHASTEEL) ) based on a mid to longer 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.

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 BUY signal for Mahamaya Steel in short term but the buy signal is initial and weak.

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 below the red 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 SELL signal in short term and selling is picking up momentum.

MRSI is in negative zone. This is the SELL 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 101.37 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 negative.

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