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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 2024-08-27 View latest technical analysis

10 day averaged volume of Mahamaya Steel is 353668

Date	Daily Closing Price	Open	High	Low	Volume
27 Tue Aug 2024	181.08	176.70	182.00	172.00	0.732 times
26 Mon Aug 2024	176.30	163.00	177.40	163.00	1.063 times
23 Fri Aug 2024	162.06	157.50	163.00	153.00	1.025 times
22 Thu Aug 2024	158.26	149.45	159.50	145.00	1.992 times
21 Wed Aug 2024	147.51	129.50	151.99	129.05	3.044 times
20 Tue Aug 2024	130.40	125.20	131.00	120.95	0.994 times
19 Mon Aug 2024	123.98	121.20	124.40	119.22	0.624 times
16 Fri Aug 2024	119.39	120.30	123.50	114.00	0.329 times
14 Wed Aug 2024	118.34	117.10	122.50	111.00	0.47 times
13 Tue Aug 2024	118.87	120.65	120.65	114.95	0.183 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 179.6, for a target of 150.5 or 126.17

Share price targets for Mahamaya Steel (MAHASTEEL)

Target Type	Value
Downside Target	93.20
Downside Target	96.15
Downside Target	99.75
Downside Target	109.75
Downside Target	117.90
Downside Target	123.50
Downside Target	127.00
Downside Target	130.00
Downside Target	144.45
Downside Target	163.00
Upside Target	182.00

Intraday share price targets for Mahamaya Steel (MAHASTEEL)

Target Type	Value
Downside Intraday Target	168.72
Downside Intraday Target	156.36
Upside Intraday Target	187.72
Upside Intraday Target	194.36
Downside Intraday Target	175.36

Weekly technical analysis of Mahamaya Steel (MAHASTEEL)

Date	Weekly Closing Price	Open	High	Low	Volume
27 Tue Aug 2024	181.08	163.00	182.00	163.00	0.234 times
23 Fri Aug 2024	162.06	121.20	163.00	119.22	6.106 times
16 Fri Aug 2024	119.39	111.10	123.50	111.00	0.976 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

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
27 Tue Aug 2024	181.08	106.38	182.00	100.00	6.449 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, and volume has increased substantially. This means that the move can 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 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.

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 150.53 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.