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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 2024-08-05 View latest technical analysis

10 day averaged volume of Mahamaya Steel is 52791

Date	Daily Closing Price	Open	High	Low	Volume
05 Mon Aug 2024	102.03	104.00	105.61	101.00	0.458 times
02 Fri Aug 2024	106.02	107.60	112.21	100.00	2.766 times
01 Thu Aug 2024	107.39	106.38	109.60	105.70	1.244 times
31 Wed Jul 2024	106.33	105.01	108.19	105.01	0.351 times
30 Tue Jul 2024	106.57	109.00	109.00	105.01	0.812 times
29 Mon Jul 2024	107.50	105.99	109.75	105.05	1.238 times
26 Fri Jul 2024	104.69	104.00	106.20	103.21	1.335 times
25 Thu Jul 2024	103.84	98.00	104.80	98.00	0.89 times
24 Wed Jul 2024	100.85	101.70	102.98	99.78	0.756 times
23 Tue Jul 2024	99.57	101.46	101.49	97.05	0.373 times

My analysis of stock is bearish for shortterm, and stock might move down till 100.2 or till 97. Use a stoploss of 102.8 and if the stock hits stoploss, then it can shoot up till 105.42

Share price targets for Mahamaya Steel (MAHASTEEL)

Target Type	Value
Downside Target	93.20
Downside Target	96.15
Downside Target	98.99
Upside Target	104.65
Upside Target	106.20
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	100.15
Downside Intraday Target	98.27
Upside Intraday Target	104.76
Upside Intraday Target	107.49
Upside Intraday Target	102.88

Weekly technical analysis of Mahamaya Steel (MAHASTEEL)

Date	Weekly Closing Price	Open	High	Low	Volume
05 Mon Aug 2024	102.03	104.00	105.61	101.00	0.071 times
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

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
05 Mon Aug 2024	102.03	106.38	112.21	100.00	0.341 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 sellers have recently become active on the stock. This cannot be called a strong downtrend, specially if selected time duration is small

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 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.

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 green color and prices are in or below the green cloud Prices appear to be coming down

CCI has generated a SELL signal for Mahamaya Steel in short term and SELL signal is strong!

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 105.26 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 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.