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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 2024-05-06 View latest technical analysis

10 day averaged volume of Mahamaya Steel is 10695

Date	Daily Closing Price	Open	High	Low	Volume
06 Mon May 2024	113.45	108.55	113.55	108.55	4.376 times
03 Fri May 2024	108.15	110.00	111.60	107.00	1.055 times
02 Thu May 2024	110.00	112.10	112.10	108.30	1.422 times
30 Tue Apr 2024	110.45	110.00	111.90	109.55	0.372 times
29 Mon Apr 2024	110.45	114.95	114.95	108.20	1.204 times
26 Fri Apr 2024	111.75	110.00	112.45	109.00	1.23 times
25 Thu Apr 2024	109.65	108.40	111.90	107.50	0.883 times
24 Wed Apr 2024	106.80	109.95	110.00	106.15	1.096 times
23 Tue Apr 2024	110.10	104.15	111.40	104.15	1.671 times
22 Mon Apr 2024	106.15	104.10	109.90	104.10	0.702 times

Stock of Mahamaya Steel (MAHASTEEL_BE) has showed a significant upmove. This could be a good time to enter in 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 112.6, but if it comes below 112.6, then a intra day sell could be more profitable.
If you take a sell trade below 112.6, then use 112.6 as stoploss and 109.69 as target. However if you take a buy trade in stock , then use 112.6 as stoploss and 116 as target.

Share price targets for Mahamaya Steel (MAHASTEEL_BE)

Target Type	Value
Downside Target	66.10
Downside Target	70.85
Downside Target	96.00
Downside Target	99.20
Downside Target	102.50
Downside Target	107.00
Downside Target	112.45
Upside Target	113.55
Upside Target	114.95
Upside Target	116.00
Upside Target	135.80

Intraday share price targets for Mahamaya Steel (MAHASTEEL_BE)

Target Type	Value
Downside Intraday Target	110.15
Downside Intraday Target	106.85
Upside Intraday Target	115.15
Upside Intraday Target	116.85
Downside Intraday Target	111.85

Weekly technical analysis of Mahamaya Steel (MAHASTEEL_BE)

Date	Weekly Closing Price	Open	High	Low	Volume
06 Mon May 2024	113.45	108.55	113.55	108.55	1.08 times
03 Fri May 2024	108.15	114.95	114.95	107.00	0.726 times
26 Fri Apr 2024	111.75	104.10	112.45	104.10	1.365 times
19 Fri Apr 2024	105.80	108.05	111.20	102.50	0.395 times
12 Fri Apr 2024	113.45	110.00	116.00	109.25	1.237 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
06 Mon May 2024	113.45	112.10	113.55	107.00	0.229 times
30 Tue Apr 2024	110.45	101.75	116.00	99.20	1.12 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

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 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 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 and the buying is gaining 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 110.69 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 positive

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