Daily Technical Analysis Weekly Analysis Monthly Analysis Renko chart MACD chart Bollinger Bands chart Stochastics charts Force Index charts

(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 2024-08-02 View latest technical analysis

10 day averaged volume of Mahamaya Steel is 40029

Date	Daily Closing Price	Open	High	Low	Volume
02 Fri Aug 2024	106.02	107.60	112.21	100.00	3.648 times
01 Thu Aug 2024	107.39	106.38	109.60	105.70	1.641 times
31 Wed Jul 2024	106.33	105.01	108.19	105.01	0.463 times
30 Tue Jul 2024	106.57	109.00	109.00	105.01	1.071 times
29 Mon Jul 2024	107.50	105.99	109.75	105.05	1.632 times
26 Fri Jul 2024	104.69	104.00	106.20	103.21	1.761 times
25 Thu Jul 2024	103.84	98.00	104.80	98.00	1.174 times
24 Wed Jul 2024	100.85	101.70	102.98	99.78	0.997 times
23 Tue Jul 2024	99.57	101.46	101.49	97.05	0.492 times
22 Mon Jul 2024	99.58	100.05	101.32	98.03	0.309 times

Stock of Mahamaya Steel (MAHASTEEL) has showed a significant fall. This could be a good time to exit from this stock.

My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 105.5, but if it comes below 105.5, then a intra day sell could be more profitable.
If you take a sell trade below 105.5, then use 105.5 as stoploss and 102.91 as target. However if you take a buy trade in stock , then use 105.5 as stoploss and 108.7 as target.

Share price targets for Mahamaya Steel (MAHASTEEL)

Target Type	Value
Downside Target	93.20
Downside Target	96.15
Downside Target	98.99
Downside Target	102.76
Upside Target	107.30
Upside Target	109.75
Upside Target	110.00
Upside Target	112.21
Upside Target	127.00
Upside Target	130.00
Upside Target	144.45

Intraday share price targets for Mahamaya Steel (MAHASTEEL)

Target Type	Value
Downside Intraday Target	99.94
Downside Intraday Target	93.87
Upside Intraday Target	112.15
Upside Intraday Target	118.29
Upside Intraday Target	106.08

Weekly technical analysis of Mahamaya Steel (MAHASTEEL)

Date	Weekly Closing Price	Open	High	Low	Volume
02 Fri Aug 2024	106.02	105.99	112.21	100.00	1.787 times
26 Fri Jul 2024	104.69	100.05	106.20	97.05	2.33 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

Price has moved up this week, and volume has increased substantially. This means that the move can continue in coming weeks.

Monthly technical analysis of Mahamaya Steel (MAHASTEEL)

Date	Monthly Closing Price	Open	High	Low	Volume
02 Fri Aug 2024	106.02	106.38	112.21	100.00	0.306 times
31 Wed Jul 2024	106.33	106.50	109.75	96.15	1.109 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

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 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 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 and the buy signal is strong.

MACD line is moving upwards which means that SELL signal is weakening, and buying is picking up momentum.

Mahamaya Steel Stock is trading near its recent HIGHS, which reflects strong buying momentum in short term! Bulls are getting tired and bears are picking up momentum.

Ichimoku cloud is of green color and prices are above the green 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 BUY signal in short term but buying 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 105.28 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.