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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 2024-10-24 View latest technical analysis

10 day averaged volume of Mahamaya Steel is 5309

Date	Daily Closing Price	Open	High	Low	Volume
24 Thu Oct 2024	205.17	205.18	206.00	205.17	1.604 times
23 Wed Oct 2024	209.36	209.36	209.36	209.36	0.163 times
22 Tue Oct 2024	213.64	213.70	213.70	213.64	0.207 times
21 Mon Oct 2024	218.00	220.00	220.00	215.64	0.451 times
18 Fri Oct 2024	220.05	218.00	220.05	218.00	2.113 times
17 Thu Oct 2024	218.00	217.85	218.00	217.00	0.559 times
16 Wed Oct 2024	218.00	218.00	218.00	213.64	0.702 times
15 Tue Oct 2024	218.00	217.50	218.00	213.30	0.808 times
14 Mon Oct 2024	217.60	217.60	219.00	217.60	1.385 times
11 Fri Oct 2024	219.50	217.45	219.52	217.45	1.683 times

My analysis of stock is bearish for shortterm, but stock is semi over sold and there are some chances of seeing a recovery tomorrow. Use 203.6 as stoploss in an intra day buy trade for a target of 210.77. However, stock will show a bearish move below 203.6.

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	186.00
Downside Target	198.90
Downside Target	205.17
Upside Target	213.00
Upside Target	213.30
Upside Target	219.52
Upside Target	220.00
Upside Target	220.05

Intraday share price targets for Mahamaya Steel (MAHASTEEL_BE)

Target Type	Value
Downside Intraday Target	200.23
Downside Intraday Target	195.28
Upside Intraday Target	215.06
Upside Intraday Target	224.94
Upside Intraday Target	210.11

Weekly technical analysis of Mahamaya Steel (MAHASTEEL_BE)

Date	Weekly Closing Price	Open	High	Low	Volume
24 Thu Oct 2024	205.17	220.00	220.00	205.17	0.436 times
18 Fri Oct 2024	220.05	217.60	220.05	213.30	0.515 times
11 Fri Oct 2024	219.50	206.00	219.52	199.95	0.691 times
04 Fri Oct 2024	207.50	199.00	213.00	199.00	1.187 times
27 Fri Sep 2024	198.90	193.00	198.90	187.67	1.268 times

Price has moved down 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
24 Thu Oct 2024	205.17	204.00	220.05	199.95	0.386 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 negative. This means that there is a strong downtrend in the stock for given time period. Sellers are extremely active on this 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 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 SELL. 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.

Mahamaya Steel Stock is trading near its recent LOWS in short term which reflects strong selling momentum. Bears are getting stronger in this stock.

Ichimoku cloud is of green color and prices are in or below the green cloud Prices appear to be coming down

CCI has generated a SELL signal for Mahamaya Steel in short term and SELL signal is strong!

RSI is generating a BUY signal in short term but buying is losing momentum.

MRSI is in positive zone. This is a BUY 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 216.29 and Mahamaya Steel (MAHASTEEL_BE) stock is trading below this level. This means that stock is falling with high volumes. VWAP is falling down

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 has given negative 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.