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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 2024-08-12 View latest technical analysis

10 day averaged volume of Mahamaya Steel is 79416

Date	Daily Closing Price	Open	High	Low	Volume
12 Mon Aug 2024	119.25	111.10	120.40	111.10	1.226 times
09 Fri Aug 2024	117.02	114.00	117.90	111.50	2.987 times
08 Thu Aug 2024	110.74	107.25	111.50	107.25	0.928 times
07 Wed Aug 2024	107.66	104.93	108.00	102.00	0.661 times
06 Tue Aug 2024	104.10	103.79	104.88	101.00	0.858 times
05 Mon Aug 2024	102.03	104.00	105.61	101.00	0.304 times
02 Fri Aug 2024	106.02	107.60	112.21	100.00	1.839 times
01 Thu Aug 2024	107.39	106.38	109.60	105.70	0.827 times
31 Wed Jul 2024	106.33	105.01	108.19	105.01	0.233 times
30 Tue Jul 2024	106.57	109.00	109.00	105.01	0.54 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 116.9, for a target of 110.6 or 105.39

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	112.21
Downside Target	117.90
Upside Target	120.40
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	113.43
Downside Intraday Target	107.62
Upside Intraday Target	122.73
Upside Intraday Target	126.22
Downside Intraday Target	116.92

Weekly technical analysis of Mahamaya Steel (MAHASTEEL)

Date	Weekly Closing Price	Open	High	Low	Volume
12 Mon Aug 2024	119.25	111.10	120.40	111.10	0.214 times
09 Fri Aug 2024	117.02	104.00	117.90	101.00	1.346 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

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
12 Mon Aug 2024	119.25	106.38	120.40	100.00	1.105 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 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 positive, but buyers have become active on the stock recently. This cannot be a definite uptrend, specially if selected time duration is small.

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 is trading near its recent HIGHS, which reflects strong buying momentum in short term! 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 but buying is losing 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 111.13 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.