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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 2024-09-05 View latest technical analysis

10 day averaged volume of Mahamaya Steel is 41378

Date	Daily Closing Price	Open	High	Low	Volume
05 Thu Sep 2024	183.66	182.48	189.68	179.00	0.602 times
04 Wed Sep 2024	182.48	171.45	183.20	170.01	1.054 times
03 Tue Sep 2024	174.48	171.00	177.00	161.88	0.881 times
02 Mon Sep 2024	170.19	169.80	174.00	165.00	0.843 times
30 Fri Aug 2024	173.23	179.00	179.00	169.67	1.259 times
29 Thu Aug 2024	178.60	182.00	186.00	175.76	2.128 times
10 Fri May 2024	119.85	117.35	120.85	117.00	0.441 times
09 Thu May 2024	119.70	121.00	121.00	114.65	0.743 times
08 Wed May 2024	119.75	119.95	120.00	115.70	0.755 times
07 Tue May 2024	116.15	115.00	117.00	111.20	0.764 times

My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 161.8, but if it comes below 161.8, then a intra day sell could be more profitable.
If you take a sell trade below 161.8, then use 161.8 as stoploss and 131.75 as target. However if you take a buy trade in stock , then use 161.8 as stoploss and 197.9 as target.

Share price targets for Mahamaya Steel (MAHASTEEL_BE)

Target Type	Value
Downside Target	96.00
Downside Target	99.20
Downside Target	104.10
Downside Target	107.00
Downside Target	111.35
Downside Target	114.95
Downside Target	121.00
Downside Target	161.88
Downside Target	169.67
Upside Target	186.00
Upside Target	189.68

Intraday share price targets for Mahamaya Steel (MAHASTEEL_BE)

Target Type	Value
Downside Intraday Target	167.13
Downside Intraday Target	150.61
Upside Intraday Target	194.93
Upside Intraday Target	206.21
Downside Intraday Target	178.41

Weekly technical analysis of Mahamaya Steel (MAHASTEEL_BE)

Date	Weekly Closing Price	Open	High	Low	Volume
05 Thu Sep 2024	183.66	169.80	189.68	161.88	0.998 times
30 Fri Aug 2024	173.23	182.00	186.00	169.67	0.884 times
10 Fri May 2024	119.85	108.55	121.00	108.55	3.66 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

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
05 Thu Sep 2024	183.66	169.80	189.68	161.88	0.998 times
30 Fri Aug 2024	173.23	182.00	186.00	169.67	0.757 times
10 Fri May 2024	119.85	112.10	121.00	107.00	0.578 times
30 Tue Apr 2024	110.45	101.75	116.00	99.20	1.12 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 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 positive! This means that there is a strong uptrend in the stock for the given time period. Buyers are extremely bullish on the 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 160.42 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.