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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 2024-06-24 View latest technical analysis

10 day averaged volume of Mahamaya Steel is 39696

Date	Daily Closing Price	Open	High	Low	Volume
24 Mon Jun 2024	105.05	106.94	107.66	104.52	0.374 times
21 Fri Jun 2024	106.58	108.70	109.10	102.42	1.178 times
20 Thu Jun 2024	107.06	105.99	107.58	104.10	0.52 times
19 Wed Jun 2024	104.91	104.00	107.44	103.51	0.617 times
18 Tue Jun 2024	104.61	106.00	106.50	103.81	0.697 times
14 Fri Jun 2024	104.28	101.25	106.87	100.37	1.424 times
13 Thu Jun 2024	101.07	102.50	102.50	100.03	0.497 times
12 Wed Jun 2024	100.20	102.80	104.00	99.50	2.158 times
11 Tue Jun 2024	102.69	103.00	103.00	100.54	0.781 times
10 Mon Jun 2024	101.70	102.90	102.90	100.70	0.558 times

My analysis of stock is bullish for shortterm, and stock might move up till 106.9 or till 111.2. Use a stoploss of 103.37 and if this stock hits its stoploss, then it can fall down till 99.81

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	102.42
Downside Target	104.52
Upside Target	106.87
Upside Target	110.00
Upside Target	116.30
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	103.83
Downside Intraday Target	102.6
Upside Intraday Target	106.97
Upside Intraday Target	108.88
Upside Intraday Target	105.74

Weekly technical analysis of Mahamaya Steel (MAHASTEEL)

Date	Weekly Closing Price	Open	High	Low	Volume
24 Mon Jun 2024	105.05	106.94	107.66	104.52	0.124 times
21 Fri Jun 2024	106.58	106.00	109.10	102.42	0.556 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

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
24 Mon Jun 2024	105.05	110.00	110.00	93.20	0.988 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 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 negative. This means that there is a strong downtrend in the stock for given time period. Sellers are extremely active on this stock.

ADX buy sell signal for Mahamaya Steel stock for short term is SELL. Signal strength is Weak and stock is losing 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 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 red color and prices are below the red cloud Prices appear to be coming down

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

RSI is generating a SELL signal in short term but selling is losing momentum.

MRSI is in positive zone. This is a BUY 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 103.37 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.