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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 2024-04-10 View latest technical analysis

10 day averaged volume of Mahamaya Steel is 22472

Date	Daily Closing Price	Open	High	Low	Volume
10 Wed Apr 2024	114.25	115.00	116.00	109.25	0.833 times
09 Tue Apr 2024	114.55	114.00	116.00	110.60	1.947 times
08 Mon Apr 2024	112.10	110.00	112.50	109.90	1.56 times
05 Fri Apr 2024	109.60	104.05	109.90	102.55	1.28 times
04 Thu Apr 2024	104.70	105.00	107.00	103.25	0.454 times
03 Wed Apr 2024	102.65	102.95	104.00	100.00	1.119 times
02 Tue Apr 2024	101.15	104.00	104.00	100.15	0.605 times
01 Mon Apr 2024	101.55	101.75	104.95	99.20	0.522 times
28 Thu Mar 2024	100.65	99.00	101.75	98.00	0.608 times
27 Wed Mar 2024	97.50	100.75	100.90	97.00	1.382 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 114.7, for a target of 108.7 or 103.74

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
Downside Target	105.95
Downside Target	109.25
Downside Target	109.90
Downside Target	111.35
Upside Target	116.00
Upside Target	135.80

Intraday share price targets for Mahamaya Steel (MAHASTEEL_BE)

Target Type	Value
Downside Intraday Target	110.33
Downside Intraday Target	106.42
Upside Intraday Target	117.08
Upside Intraday Target	119.92
Downside Intraday Target	113.17

Weekly technical analysis of Mahamaya Steel (MAHASTEEL_BE)

Date	Weekly Closing Price	Open	High	Low	Volume
10 Wed Apr 2024	114.25	110.00	116.00	109.25	1.09 times
05 Fri Apr 2024	109.60	101.75	109.90	99.20	1.585 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

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
10 Wed Apr 2024	114.25	101.75	116.00	99.20	0.653 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 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 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 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 107.27 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.