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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 2024-04-04 View latest technical analysis

10 day averaged volume of Mahamaya Steel is 14783

Date	Daily Closing Price	Open	High	Low	Volume
04 Thu Apr 2024	104.70	105.00	107.00	103.25	0.69 times
03 Wed Apr 2024	102.65	102.95	104.00	100.00	1.701 times
02 Tue Apr 2024	101.15	104.00	104.00	100.15	0.92 times
01 Mon Apr 2024	101.55	101.75	104.95	99.20	0.793 times
28 Thu Mar 2024	100.65	99.00	101.75	98.00	0.924 times
27 Wed Mar 2024	97.50	100.75	100.90	97.00	2.1 times
26 Tue Mar 2024	100.10	103.45	103.45	96.00	0.794 times
22 Fri Mar 2024	99.45	100.10	102.30	97.05	0.548 times
21 Thu Mar 2024	100.10	101.40	101.40	99.00	0.465 times
20 Wed Mar 2024	101.50	100.00	102.00	97.10	1.214 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 105 as stoploss in an intra day sell trade for a target of 102.26. However, stock will show a bullish move above 105.

Share price targets for Mahamaya Steel (MAHASTEEL_BE)

Target Type	Value
Downside Target	63.90
Downside Target	66.10
Downside Target	70.85
Downside Target	96.00
Downside Target	99.20
Downside Target	103.35
Upside Target	105.95
Upside Target	107.00
Upside Target	107.65
Upside Target	111.35
Upside Target	135.80

Intraday share price targets for Mahamaya Steel (MAHASTEEL_BE)

Target Type	Value
Downside Intraday Target	100.27
Downside Intraday Target	95.83
Upside Intraday Target	108.07
Upside Intraday Target	111.43
Downside Intraday Target	103.63

Weekly technical analysis of Mahamaya Steel (MAHASTEEL_BE)

Date	Weekly Closing Price	Open	High	Low	Volume
04 Thu Apr 2024	104.70	101.75	107.00	99.20	1.075 times
28 Thu Mar 2024	100.65	103.45	103.45	96.00	1.213 times
22 Fri Mar 2024	99.45	97.05	105.95	97.05	0.501 times
15 Fri Mar 2024	101.50	106.90	111.35	97.25	1.37 times
07 Thu Mar 2024	106.25	101.25	107.65	100.00	0.599 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
04 Thu Apr 2024	104.70	101.75	107.00	99.20	0.212 times
28 Thu Mar 2024	100.65	103.00	111.35	96.00	0.876 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

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 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 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 gaining momentum.

MACD generated a SELL signal for Mahamaya Steel in short term but the sell signal is initial and weak.

MACD line is moving upwards which means that SELL signal is weakening, and buying is picking up momentum.

Mahamaya Steel Stock in short term is moving inside a range for now. Please check in a day or two to for a better buy sell signal. 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 negative zone. This is the SELL zone

Although the stock is in the SELL zone, but selling 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 100.69 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 negative.

Force Index is moving in a negative zone, which indicates selling momentum for short term... Selling momentum is getting weaker.