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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 2024-03-05 View latest technical analysis

10 day averaged volume of Mahamaya Steel is 18903

Date	Daily Closing Price	Open	High	Low	Volume
05 Tue Mar 2024	104.55	103.20	105.85	100.00	1.085 times
04 Mon Mar 2024	103.55	101.25	107.65	101.25	0.612 times
02 Sat Mar 2024	104.90	104.50	109.05	104.00	0.283 times
01 Fri Mar 2024	104.35	103.00	107.85	103.00	0.905 times
29 Thu Feb 2024	103.95	108.55	108.55	103.35	1.898 times
28 Wed Feb 2024	108.55	108.95	111.40	107.05	1.025 times
27 Tue Feb 2024	109.45	111.00	112.85	106.75	1.136 times
26 Mon Feb 2024	112.30	109.10	115.00	109.10	0.742 times
23 Fri Feb 2024	112.05	114.55	117.00	110.05	0.871 times
22 Thu Feb 2024	113.70	111.40	114.00	106.20	1.035 times

My analysis of stock is bearish for shortterm, and stock might move down till 93.7 or till 76.1. Use a stoploss of 108.37 and if the stock hits stoploss, then it can shoot up till 123.04

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	70.00
Downside Target	74.00
Downside Target	100.00
Downside Target	103.00
Upside Target	106.20
Upside Target	109.05
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	100.48
Downside Intraday Target	96.42
Upside Intraday Target	108.13
Upside Intraday Target	111.72
Downside Intraday Target	104.07

Weekly technical analysis of Mahamaya Steel (MAHASTEEL_BE)

Date	Weekly Closing Price	Open	High	Low	Volume
05 Tue Mar 2024	104.55	101.25	107.65	100.00	0.283 times
02 Sat Mar 2024	104.90	109.10	115.00	103.00	1.042 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

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
05 Tue Mar 2024	104.55	103.00	109.05	100.00	0.167 times
29 Thu Feb 2024	103.95	135.80	135.80	103.35	2.116 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

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 SELL. Signal strength is Weak 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 weakening, and bulls are picking up momentum!

Ichimoku cloud is of green color and prices are above the green cloud Prices appear to be moving up

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 107.63 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.