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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 2024-07-24 View latest technical analysis

10 day averaged volume of Mahamaya Steel is 21231

Date	Daily Closing Price	Open	High	Low	Volume
24 Wed Jul 2024	100.85	101.70	102.98	99.78	1.88 times
23 Tue Jul 2024	99.57	101.46	101.49	97.05	0.928 times
22 Mon Jul 2024	99.58	100.05	101.32	98.03	0.582 times
19 Fri Jul 2024	99.97	100.90	103.60	99.50	0.866 times
18 Thu Jul 2024	100.98	100.05	102.72	100.05	0.562 times
16 Tue Jul 2024	101.57	104.00	104.00	100.70	1.284 times
15 Mon Jul 2024	102.19	100.97	104.65	98.99	1.117 times
12 Fri Jul 2024	100.97	100.02	103.79	100.02	1.011 times
11 Thu Jul 2024	100.56	103.40	103.40	99.62	1.301 times
10 Wed Jul 2024	100.50	102.63	102.99	100.09	1.529 times

My analysis of stock is bearish for shortterm, but stock is semi over sold and there are some chances of seeing a recovery tomorrow. Use 100.4 as stoploss in an intra day buy trade for a target of 102.49. However, stock will show a bearish move below 100.4.

Share price targets for Mahamaya Steel (MAHASTEEL)

Target Type	Value
Downside Target	82.60
Downside Target	93.20
Downside Target	96.15
Downside Target	98.99
Upside Target	107.30
Upside Target	107.66
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	97.61
Downside Intraday Target	94.36
Upside Intraday Target	103.54
Upside Intraday Target	106.22
Downside Intraday Target	100.29

Weekly technical analysis of Mahamaya Steel (MAHASTEEL)

Date	Weekly Closing Price	Open	High	Low	Volume
24 Wed Jul 2024	100.85	100.05	102.98	97.05	0.885 times
19 Fri Jul 2024	99.97	100.97	104.65	98.99	0.481 times
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

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
24 Wed Jul 2024	100.85	106.50	107.30	96.15	0.718 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 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.

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 weakening, and bulls are picking up momentum!

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 and BUY signal is strong.

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

MRSI is in negative zone. This is the SELL 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 100.76 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 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.