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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 2024-10-30 View latest technical analysis

10 day averaged volume of Mahamaya Steel is 5234

Date	Daily Closing Price	Open	High	Low	Volume
30 Wed Oct 2024	216.82	208.00	220.85	207.00	0.956 times
29 Tue Oct 2024	216.00	207.73	217.50	202.30	1.002 times
28 Mon Oct 2024	207.73	202.00	211.80	191.66	2.03 times
25 Fri Oct 2024	201.75	201.07	204.00	201.07	1.085 times
24 Thu Oct 2024	205.17	205.18	206.00	205.17	1.627 times
23 Wed Oct 2024	209.36	209.36	209.36	209.36	0.165 times
22 Tue Oct 2024	213.64	213.70	213.70	213.64	0.21 times
21 Mon Oct 2024	218.00	220.00	220.00	215.64	0.458 times
18 Fri Oct 2024	220.05	218.00	220.05	218.00	2.143 times
17 Thu Oct 2024	218.00	217.85	218.00	217.00	0.567 times

My analysis of stock is bullish for shortterm, but stock is in semi over bought zones and there are some chances of seeing a fall tomorrow. Use 218.4 as stoploss in an intra day sell trade for a target of 212.74. However, stock will show a bullish move above 218.4.

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	191.66
Downside Target	199.00
Downside Target	205.30
Downside Target	213.00
Upside Target	219.52
Upside Target	220.00
Upside Target	220.05
Upside Target	220.85

Intraday share price targets for Mahamaya Steel (MAHASTEEL_BE)

Target Type	Value
Downside Intraday Target	198.7
Downside Intraday Target	180.59
Upside Intraday Target	227.89
Upside Intraday Target	238.97
Downside Intraday Target	209.78

Weekly technical analysis of Mahamaya Steel (MAHASTEEL_BE)

Date	Weekly Closing Price	Open	High	Low	Volume
30 Wed Oct 2024	216.82	202.00	220.85	191.66	1.125 times
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

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
30 Wed Oct 2024	216.82	204.00	220.85	191.66	0.444 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 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 SELL. Signal strength is Weak and stock is losing 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 positive zone. This is a BUY zone

Although the stock is in the BUY zone, but buying 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 212.1 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 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.