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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 2024-06-27 View latest technical analysis

10 day averaged volume of Mahamaya Steel is 35412

Date	Daily Closing Price	Open	High	Low	Volume
27 Thu Jun 2024	104.45	104.03	106.80	101.01	1.256 times
26 Wed Jun 2024	104.03	103.66	105.00	101.92	1.057 times
25 Tue Jun 2024	103.26	106.90	106.90	102.60	0.575 times
24 Mon Jun 2024	105.05	106.94	107.66	104.52	0.419 times
21 Fri Jun 2024	106.58	108.70	109.10	102.42	1.32 times
20 Thu Jun 2024	107.06	105.99	107.58	104.10	0.583 times
19 Wed Jun 2024	104.91	104.00	107.44	103.51	0.691 times
18 Tue Jun 2024	104.61	106.00	106.50	103.81	0.781 times
14 Fri Jun 2024	104.28	101.25	106.87	100.37	1.596 times
13 Thu Jun 2024	101.07	102.50	102.50	100.03	0.557 times

My analysis of stock is bullish for shortterm, but stock is in semi over bought zones and there are some chances of seeing a fall tomorrow. Use 105.2 as stoploss in an intra day sell trade for a target of 102.78. However, stock will show a bullish move above 105.2.

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
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	101.09
Downside Intraday Target	97.72
Upside Intraday Target	107.74
Upside Intraday Target	111.02
Downside Intraday Target	104.37

Weekly technical analysis of Mahamaya Steel (MAHASTEEL)

Date	Weekly Closing Price	Open	High	Low	Volume
27 Thu Jun 2024	104.45	106.94	107.66	101.01	0.98 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
27 Thu Jun 2024	104.45	110.00	110.00	93.20	1.19 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 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 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 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 red color and prices are in or above the red cloud Prices appear to be moving up

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

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

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 104.65 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 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.