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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 2024-02-16 View latest technical analysis

10 day averaged volume of Mahamaya Steel is 14518

Date	Daily Closing Price	Open	High	Low	Volume
16 Fri Feb 2024	116.45	118.85	119.40	112.50	2.1 times
15 Thu Feb 2024	118.05	124.90	127.95	117.00	1.065 times
14 Wed Feb 2024	122.25	117.00	125.05	114.20	3.048 times
13 Tue Feb 2024	120.20	124.00	124.00	120.20	1.676 times
12 Mon Feb 2024	126.50	135.80	135.80	126.50	0.88 times
22 Fri Sep 2023	69.00	68.85	69.85	67.00	0.331 times
21 Thu Sep 2023	68.85	68.25	69.90	68.25	0.688 times
20 Wed Sep 2023	68.70	69.00	69.85	68.70	0.293 times
18 Mon Sep 2023	69.80	70.00	70.00	68.05	0.684 times
15 Fri Sep 2023	68.30	68.50	68.80	67.60	0.644 times

Stock of Mahamaya Steel (MAHASTEEL_BE) has showed a significant fall. This could be a good time to exit from this stock.

My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 104.4, but if it comes below 104.4, then a intra day sell could be more profitable.
If you take a sell trade below 104.4, then use 104.4 as stoploss and 81.99 as target. However if you take a buy trade in stock , then use 104.4 as stoploss and 131.3 as target.

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	112.50
Upside Target	135.80

Intraday share price targets for Mahamaya Steel (MAHASTEEL_BE)

Target Type	Value
Downside Intraday Target	107.37
Downside Intraday Target	98.28
Upside Intraday Target	130.67
Upside Intraday Target	144.88
Upside Intraday Target	121.58

Weekly technical analysis of Mahamaya Steel (MAHASTEEL_BE)

Date	Weekly Closing Price	Open	High	Low	Volume
16 Fri Feb 2024	116.45	135.80	135.80	112.50	4.394 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, and volume has increased substantially. This means that the move can continue in coming weeks.

Monthly technical analysis of Mahamaya Steel (MAHASTEEL_BE)

Date	Monthly Closing Price	Open	High	Low	Volume
16 Fri Feb 2024	116.45	135.80	135.80	112.50	0.825 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 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_BE) ) based on a short to mid 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_BE) ) 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 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 is trading near its recent HIGHS, which reflects strong buying momentum in short term! Bulls are getting tired and bears are picking up momentum.

Ichimoku cloud is of green color and prices are above the green cloud Prices appear to be coming down

CCI has generated a SELL signal for Mahamaya Steel in short term but SELL signal is weak.

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

Although the stock is in the BUY zone, but buying 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 108.49 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.