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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 2024-07-12 View latest technical analysis

10 day averaged volume of Mahamaya Steel is 29419

Date	Daily Closing Price	Open	High	Low	Volume
12 Fri Jul 2024	100.97	100.02	103.79	100.02	0.73 times
11 Thu Jul 2024	100.56	103.40	103.40	99.62	0.939 times
10 Wed Jul 2024	100.50	102.63	102.99	100.09	1.104 times
09 Tue Jul 2024	102.58	102.47	103.61	100.86	0.591 times
08 Mon Jul 2024	102.38	104.95	104.95	96.15	2.379 times
05 Fri Jul 2024	104.08	104.06	105.89	102.76	1.054 times
04 Thu Jul 2024	104.05	106.00	106.36	102.98	0.514 times
03 Wed Jul 2024	105.30	104.47	106.00	103.01	0.653 times
02 Tue Jul 2024	104.47	106.99	107.01	103.90	1.365 times
01 Mon Jul 2024	106.38	106.50	107.30	103.00	0.685 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 102.2, but if it comes above 102.2, then a intra day buy could be more profitable.
If you take a sell trade below 102.2, then use 102.2 as stoploss and 100 as target. However if you take a buy trade in stock , then use 102.2 as stoploss and 104.05 as target.

Share price targets for Mahamaya Steel (MAHASTEEL)

Target Type	Value
Downside Target	82.60
Downside Target	93.20
Downside Target	96.15
Downside Target	99.50
Upside Target	104.95
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	96.43
Downside Intraday Target	91.89
Upside Intraday Target	105.23
Upside Intraday Target	109.49
Downside Intraday Target	100.69

Weekly technical analysis of Mahamaya Steel (MAHASTEEL)

Date	Weekly Closing Price	Open	High	Low	Volume
12 Fri Jul 2024	100.97	104.95	104.95	96.15	1.344 times
05 Fri Jul 2024	104.08	106.50	107.30	102.76	0.909 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

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
12 Fri Jul 2024	100.97	106.50	107.30	96.15	0.472 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 negative, but trend is highly volatile. A longer duration price action analysis might give a better picture of the trend in this stock.

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 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 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 Strong and stock is losing momentum.

MACD generated a SELL signal for Mahamaya Steel in short term and the sell signal is strong.

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 below 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 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 102.92 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.