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 2024-08-07 View latest technical analysis

10 day averaged volume of Mahamaya Steel is 58814

Date	Daily Closing Price	Open	High	Low	Volume
07 Wed Aug 2024	107.66	104.93	108.00	102.00	0.893 times
06 Tue Aug 2024	104.10	103.79	104.88	101.00	1.158 times
05 Mon Aug 2024	102.03	104.00	105.61	101.00	0.411 times
02 Fri Aug 2024	106.02	107.60	112.21	100.00	2.483 times
01 Thu Aug 2024	107.39	106.38	109.60	105.70	1.117 times
31 Wed Jul 2024	106.33	105.01	108.19	105.01	0.315 times
30 Tue Jul 2024	106.57	109.00	109.00	105.01	0.729 times
29 Mon Jul 2024	107.50	105.99	109.75	105.05	1.111 times
26 Fri Jul 2024	104.69	104.00	106.20	103.21	1.198 times
25 Thu Jul 2024	103.84	98.00	104.80	98.00	0.799 times

My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 106, but if it comes below 106, then a intra day sell could be more profitable.
If you take a sell trade below 106, then use 106 as stoploss and 103.14 as target. However if you take a buy trade in stock , then use 106 as stoploss and 109.4 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	104.65
Upside Target	108.00
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	103.11
Downside Intraday Target	98.55
Upside Intraday Target	110.11
Upside Intraday Target	112.55
Downside Intraday Target	105.55

Weekly technical analysis of Mahamaya Steel (MAHASTEEL)

Date	Weekly Closing Price	Open	High	Low	Volume
07 Wed Aug 2024	107.66	104.00	108.00	101.00	0.428 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 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
07 Wed Aug 2024	107.66	106.38	112.21	100.00	0.515 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 up 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 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 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 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 green color and prices are above the green 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 BUY signal in short term and the buying is gaining 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 105.82 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 positive

Force Index is moving in a negative zone, which indicates selling momentum for short term... Selling momentum is getting weaker.