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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 2024-07-01 View latest technical analysis

10 day averaged volume of Mahamaya Steel is 31428

Date	Daily Closing Price	Open	High	Low	Volume
01 Mon Jul 2024	106.38	106.50	107.30	103.00	0.641 times
28 Fri Jun 2024	105.40	104.45	106.00	102.51	0.671 times
27 Thu Jun 2024	104.45	104.03	106.80	101.01	1.415 times
26 Wed Jun 2024	104.03	103.66	105.00	101.92	1.191 times
25 Tue Jun 2024	103.26	106.90	106.90	102.60	0.648 times
24 Mon Jun 2024	105.05	106.94	107.66	104.52	0.473 times
21 Fri Jun 2024	106.58	108.70	109.10	102.42	1.488 times
20 Thu Jun 2024	107.06	105.99	107.58	104.10	0.657 times
19 Wed Jun 2024	104.91	104.00	107.44	103.51	0.779 times
18 Tue Jun 2024	104.61	106.00	106.50	103.81	0.88 times

My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 105.8, but if it comes below 105.8, then a intra day sell could be more profitable.
If you take a sell trade below 105.8, then use 105.8 as stoploss and 103.13 as target. However if you take a buy trade in stock , then use 105.8 as stoploss and 108.9 as target.

Share price targets for Mahamaya Steel (MAHASTEEL)

Target Type	Value
Downside Target	82.60
Downside Target	93.20
Downside Target	99.50
Upside Target	106.87
Upside Target	107.66
Upside Target	109.10
Upside Target	110.00
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	103.82
Downside Intraday Target	101.26
Upside Intraday Target	108.12
Upside Intraday Target	109.86
Downside Intraday Target	105.56

Weekly technical analysis of Mahamaya Steel (MAHASTEEL)

Date	Weekly Closing Price	Open	High	Low	Volume
01 Mon Jul 2024	106.38	106.50	107.30	103.00	0.146 times
28 Fri Jun 2024	105.40	106.94	107.66	101.01	1.156 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

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
01 Mon Jul 2024	106.38	106.50	107.30	103.00	0.032 times
28 Fri Jun 2024	105.40	110.00	110.00	93.20	1.232 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

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 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 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 BUY. 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. Bulls 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 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

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 105.16 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.