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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 2024-02-27 View latest technical analysis

10 day averaged volume of Mahamaya Steel is 23721

Date	Daily Closing Price	Open	High	Low	Volume
27 Tue Feb 2024	109.45	111.00	112.85	106.75	0.905 times
26 Mon Feb 2024	112.30	109.10	115.00	109.10	0.592 times
23 Fri Feb 2024	112.05	114.55	117.00	110.05	0.694 times
22 Thu Feb 2024	113.70	111.40	114.00	106.20	0.825 times
21 Wed Feb 2024	111.40	116.00	116.10	110.85	1.19 times
20 Tue Feb 2024	116.65	119.95	120.00	115.50	0.953 times
19 Mon Feb 2024	120.70	119.00	122.00	115.45	0.919 times
16 Fri Feb 2024	116.45	118.85	119.40	112.50	1.286 times
15 Thu Feb 2024	118.05	124.90	127.95	117.00	0.652 times
14 Wed Feb 2024	122.25	117.00	125.05	114.20	1.865 times

My analysis of stock is bullish for shortterm, but stock is in semi over bought zones and there are some chances of seeing a fall tomorrow. Use 121.3 as stoploss in an intra day sell trade for a target of 97.45. However, stock will show a bullish move above 121.3.

Share price targets for Mahamaya Steel (MAHASTEEL_BE)

Target Type	Value
Downside Target	63.90
Downside Target	66.10
Downside Target	68.55
Downside Target	69.95
Downside Target	74.00
Downside Target	79.50
Downside Target	106.20
Downside Target	106.75
Upside Target	112.50
Upside Target	115.00
Upside Target	122.00
Upside Target	135.80

Intraday share price targets for Mahamaya Steel (MAHASTEEL_BE)

Target Type	Value
Downside Intraday Target	105.8
Downside Intraday Target	102.15
Upside Intraday Target	114.05
Upside Intraday Target	118.65
Upside Intraday Target	110.4

Weekly technical analysis of Mahamaya Steel (MAHASTEEL_BE)

Date	Weekly Closing Price	Open	High	Low	Volume
27 Tue Feb 2024	109.45	109.10	115.00	106.75	0.327 times
23 Fri Feb 2024	112.05	119.00	122.00	106.20	0.853 times
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

Price has moved down 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
27 Tue Feb 2024	109.45	135.80	135.80	106.20	1.758 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, and volume has increased substantially. This means that the move can 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 SELL signal for Mahamaya Steel in short term but the sell signal is initial and weak.

Mahamaya Steel Stock is trading near its recent LOWS in short term which reflects strong selling momentum. Bears are getting stronger in this stock.

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 and SELL signal is strong!

RSI is generating a BUY signal in short term but buying is losing momentum.

MRSI is in negative zone. This is the SELL 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 116.03 and Mahamaya Steel (MAHASTEEL_BE) stock is trading below this level. This means that stock is falling with high volumes. VWAP is falling down

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 has given negative 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.