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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 2024-10-03 View latest technical analysis

10 day averaged volume of Mahamaya Steel is 11131

Date	Daily Closing Price	Open	High	Low	Volume
03 Thu Oct 2024	210.68	210.68	210.68	210.00	2.772 times
01 Tue Oct 2024	206.55	204.00	206.55	204.00	1.219 times
30 Mon Sep 2024	202.50	199.00	202.50	199.00	0.511 times
27 Fri Sep 2024	198.90	195.00	198.90	195.00	1.091 times
26 Thu Sep 2024	195.00	192.00	195.00	190.20	1.609 times
25 Wed Sep 2024	192.00	192.10	192.10	191.10	1.235 times
24 Tue Sep 2024	195.00	187.67	195.00	187.67	1.433 times
23 Mon Sep 2024	191.50	193.00	193.00	191.10	0.912 times
20 Fri Sep 2024	195.00	196.00	196.00	192.10	0.396 times
19 Thu Sep 2024	196.00	200.00	200.00	196.00	0.315 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 211.8, for a target of 204.3 or 198.11

Share price targets for Mahamaya Steel (MAHASTEEL_BE)

Target Type	Value
Downside Target	99.20
Downside Target	107.00
Downside Target	116.00
Downside Target	121.00
Downside Target	161.88
Downside Target	169.67
Downside Target	182.10
Downside Target	186.00
Downside Target	192.00
Downside Target	198.90
Downside Target	204.00
Downside Target	205.30
Downside Target	210.68

Intraday share price targets for Mahamaya Steel (MAHASTEEL_BE)

Target Type	Value
Downside Intraday Target	202.89
Downside Intraday Target	195.11
Upside Intraday Target	214.57
Upside Intraday Target	218.47
Downside Intraday Target	206.79

Weekly technical analysis of Mahamaya Steel (MAHASTEEL_BE)

Date	Weekly Closing Price	Open	High	Low	Volume
03 Thu Oct 2024	210.68	199.00	210.68	199.00	0.717 times
27 Fri Sep 2024	198.90	193.00	198.90	187.67	1.268 times
20 Fri Sep 2024	195.00	202.00	202.00	192.10	0.346 times
13 Fri Sep 2024	204.50	185.50	205.30	182.10	0.942 times
06 Fri Sep 2024	189.97	169.80	192.00	161.88	1.206 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
03 Thu Oct 2024	210.68	204.00	210.68	204.00	0.097 times
30 Mon Sep 2024	202.50	169.80	205.30	161.88	3.274 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

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 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 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 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 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 200.14 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.