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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 2024-10-25 View latest technical analysis

10 day averaged volume of Mahamaya Steel is 5137

Date	Daily Closing Price	Open	High	Low	Volume
25 Fri Oct 2024	201.75	201.07	204.00	201.07	1.105 times
24 Thu Oct 2024	205.17	205.18	206.00	205.17	1.658 times
23 Wed Oct 2024	209.36	209.36	209.36	209.36	0.168 times
22 Tue Oct 2024	213.64	213.70	213.70	213.64	0.214 times
21 Mon Oct 2024	218.00	220.00	220.00	215.64	0.466 times
18 Fri Oct 2024	220.05	218.00	220.05	218.00	2.184 times
17 Thu Oct 2024	218.00	217.85	218.00	217.00	0.578 times
16 Wed Oct 2024	218.00	218.00	218.00	213.64	0.726 times
15 Tue Oct 2024	218.00	217.50	218.00	213.30	0.836 times
14 Mon Oct 2024	217.60	217.60	219.00	217.60	1.431 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 204.5, but if it comes above 204.5, then a intra day buy could be more profitable.
If you take a sell trade below 204.5, then use 204.5 as stoploss and 196.7 as target. However if you take a buy trade in stock , then use 204.5 as stoploss and 211.11 as target.

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
Upside Target	205.30
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	195.21
Downside Intraday Target	188.68
Upside Intraday Target	214.14
Upside Intraday Target	226.54
Upside Intraday Target	207.61

Weekly technical analysis of Mahamaya Steel (MAHASTEEL_BE)

Date	Weekly Closing Price	Open	High	Low	Volume
25 Fri Oct 2024	201.75	220.00	220.00	201.07	0.628 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
25 Fri Oct 2024	201.75	204.00	220.05	199.95	0.398 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 down 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 213.97 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.