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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 2024-08-08 View latest technical analysis

10 day averaged volume of Mahamaya Steel is 60074

Date	Daily Closing Price	Open	High	Low	Volume
08 Thu Aug 2024	110.74	107.25	111.50	107.25	1.226 times
07 Wed Aug 2024	107.66	104.93	108.00	102.00	0.874 times
06 Tue Aug 2024	104.10	103.79	104.88	101.00	1.134 times
05 Mon Aug 2024	102.03	104.00	105.61	101.00	0.402 times
02 Fri Aug 2024	106.02	107.60	112.21	100.00	2.43 times
01 Thu Aug 2024	107.39	106.38	109.60	105.70	1.093 times
31 Wed Jul 2024	106.33	105.01	108.19	105.01	0.309 times
30 Tue Jul 2024	106.57	109.00	109.00	105.01	0.714 times
29 Mon Jul 2024	107.50	105.99	109.75	105.05	1.088 times
26 Fri Jul 2024	104.69	104.00	106.20	103.21	1.173 times

Although my analysis for stock is bullish for shortterm, but stock is over bought and there are high chances of some profit booking tomorrow. You might want to sell the stock tomorrow in intra day with a stoploss of 110.7, for a target of 106.9 or 103.66

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
Downside Target	109.75
Downside Target	110.00
Upside Target	111.50
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	103.99
Downside Intraday Target	97.25
Upside Intraday Target	114.49
Upside Intraday Target	118.25
Downside Intraday Target	107.75

Weekly technical analysis of Mahamaya Steel (MAHASTEEL)

Date	Weekly Closing Price	Open	High	Low	Volume
08 Thu Aug 2024	110.74	104.00	111.50	101.00	0.646 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
08 Thu Aug 2024	110.74	106.38	112.21	100.00	0.622 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 positive, but trend is highly volatile. A longer time period analysis might give a better idea of the trend.

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 Strong and stock is gaining 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. Bulls are getting stronger in this stock.

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 106.54 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.