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(MAHASTEEL_BE) Mahamaya Steel complete technical analysis [charts+indicators] | Buy/Sell Mahamaya Steel | (MAHASTEEL_BE) share price targets

Complete technical analysis of Mahamaya Steel (MAHASTEEL_BE) by charts plus indicators, forecast predictions and share price targets for Mahamaya Steel (MAHASTEEL_BE)

Showing technical analysis as on 2024-02-12 View latest technical analysis

10 day averaged volume of Mahamaya Steel is 9858

Date	Daily Closing Price	Open	High	Low	Volume
12 Mon Feb 2024	126.50	135.80	135.80	126.50	1.296 times
22 Fri Sep 2023	69.00	68.85	69.85	67.00	0.487 times
21 Thu Sep 2023	68.85	68.25	69.90	68.25	1.014 times
20 Wed Sep 2023	68.70	69.00	69.85	68.70	0.431 times
18 Mon Sep 2023	69.80	70.00	70.00	68.05	1.007 times
15 Fri Sep 2023	68.30	68.50	68.80	67.60	0.949 times
14 Thu Sep 2023	68.85	67.10	69.00	67.10	1.018 times
13 Wed Sep 2023	67.95	66.10	68.40	66.10	0.516 times
12 Tue Sep 2023	67.90	67.00	69.90	67.00	1.412 times
11 Mon Sep 2023	69.30	68.60	69.95	68.00	1.617 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 99.4, for a target of 84.3 or 71.68

Share price targets for Mahamaya Steel (MAHASTEEL_BE)

Target Type	Value
Downside Target	63.90
Downside Target	69.95
Downside Target	70.85
Downside Target	71.15
Downside Target	71.50
Downside Target	74.00
Downside Target	79.50
Downside Target	126.50
Upside Target	135.80

Intraday share price targets for Mahamaya Steel (MAHASTEEL_BE)

Target Type	Value
Downside Intraday Target	123.4
Downside Intraday Target	120.3
Upside Intraday Target	132.7
Upside Intraday Target	138.9
Upside Intraday Target	129.6

Weekly technical analysis of Mahamaya Steel (MAHASTEEL_BE)

Date	Weekly Closing Price	Open	High	Low	Volume
12 Mon Feb 2024	126.50	135.80	135.80	126.50	0.441 times
22 Fri Sep 2023	69.00	70.00	70.00	67.00	0.533 times
15 Fri Sep 2023	68.30	68.60	69.95	66.10	1.069 times
08 Fri Sep 2023	68.60	69.50	70.85	68.00	0.77 times
01 Fri Sep 2023	68.85	65.95	70.50	65.00	1.406 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_BE)

Date	Monthly Closing Price	Open	High	Low	Volume
12 Mon Feb 2024	126.50	135.80	135.80	126.50	0.083 times
22 Fri Sep 2023	69.00	68.40	70.85	66.10	0.784 times
31 Thu Aug 2023	68.40	69.20	71.50	63.90	1.506 times
31 Mon Jul 2023	69.20	72.15	74.00	68.55	1.687 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_BE)

Price action analysis of Mahamaya Steel ( (MAHASTEEL_BE) ) 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_BE) ) 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_BE) ) based on a short to mid 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_BE) ) based on a mid to longer term time period is positive, but trend is highly volatile. A longer time period analysis might give a better idea of the trend.

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 and the buying is gaining 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 76.45 and Mahamaya Steel (MAHASTEEL_BE) 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_BE) stock. Volume based technical analysis of Mahamaya Steel (MAHASTEEL_BE) 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.