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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 2024-05-07 View latest technical analysis

10 day averaged volume of Mahamaya Steel is 14986

Date	Daily Closing Price	Open	High	Low	Volume
07 Tue May 2024	116.15	115.00	117.00	111.20	2.11 times
06 Mon May 2024	113.45	108.55	113.55	108.55	3.123 times
03 Fri May 2024	108.15	110.00	111.60	107.00	0.753 times
02 Thu May 2024	110.00	112.10	112.10	108.30	1.015 times
30 Tue Apr 2024	110.45	110.00	111.90	109.55	0.266 times
29 Mon Apr 2024	110.45	114.95	114.95	108.20	0.859 times
26 Fri Apr 2024	111.75	110.00	112.45	109.00	0.878 times
25 Thu Apr 2024	109.65	108.40	111.90	107.50	0.63 times
24 Wed Apr 2024	106.80	109.95	110.00	106.15	0.782 times
23 Tue Apr 2024	110.10	104.15	111.40	104.15	1.193 times

Stock of Mahamaya Steel (MAHASTEEL_BE) has showed a significant upmove. This could be a good time to enter in this stock!

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 116.8, for a target of 113.2 or 110.26

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
Downside Target	114.95
Downside Target	116.00
Upside Target	117.00
Upside Target	135.80

Intraday share price targets for Mahamaya Steel (MAHASTEEL_BE)

Target Type	Value
Downside Intraday Target	110.8
Downside Intraday Target	105.45
Upside Intraday Target	119.25
Upside Intraday Target	122.35
Downside Intraday Target	113.9

Weekly technical analysis of Mahamaya Steel (MAHASTEEL_BE)

Date	Weekly Closing Price	Open	High	Low	Volume
07 Tue May 2024	116.15	108.55	117.00	108.55	1.809 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, and volume has increased substantially. This means that the move can continue in coming weeks.

Monthly technical analysis of Mahamaya Steel (MAHASTEEL_BE)

Date	Monthly Closing Price	Open	High	Low	Volume
07 Tue May 2024	116.15	112.10	117.00	107.00	0.327 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 buyers have become active on the stock recently. This cannot be a definite uptrend, specially if selected time duration is small.

Price action analysis of Mahamaya Steel ( (MAHASTEEL_BE) ) based on a short to mid term time period is positive, but buyers have become active on the stock recently. This cannot be a definite uptrend, specially if selected time duration is small.

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 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 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 111.88 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.