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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 2024-07-02 View latest technical analysis

10 day averaged volume of Mahamaya Steel is 27788

Date	Daily Closing Price	Open	High	Low	Volume
02 Tue Jul 2024	104.47	106.99	107.01	103.90	1.445 times
01 Mon Jul 2024	106.38	106.50	107.30	103.00	0.725 times
28 Fri Jun 2024	105.40	104.45	106.00	102.51	0.759 times
27 Thu Jun 2024	104.45	104.03	106.80	101.01	1.601 times
26 Wed Jun 2024	104.03	103.66	105.00	101.92	1.347 times
25 Tue Jun 2024	103.26	106.90	106.90	102.60	0.733 times
24 Mon Jun 2024	105.05	106.94	107.66	104.52	0.534 times
21 Fri Jun 2024	106.58	108.70	109.10	102.42	1.683 times
20 Thu Jun 2024	107.06	105.99	107.58	104.10	0.743 times
19 Wed Jun 2024	104.91	104.00	107.44	103.51	0.881 times

My analysis of stock is bullish for shortterm, and stock might move up till 105.9 or till 109. Use a stoploss of 103.22 and if this stock hits its stoploss, then it can fall down till 100.58

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	102.55
Downside Intraday Target	100.62
Upside Intraday Target	106.85
Upside Intraday Target	109.22
Upside Intraday Target	104.92

Weekly technical analysis of Mahamaya Steel (MAHASTEEL)

Date	Weekly Closing Price	Open	High	Low	Volume
02 Tue Jul 2024	104.47	106.50	107.30	103.00	0.436 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 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
02 Tue Jul 2024	104.47	106.50	107.30	103.00	0.097 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 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 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 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 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 tired and bears are picking up momentum.

Ichimoku cloud is of red color and prices are in or above 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 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 105.12 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.