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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 2024-11-01 View latest technical analysis

10 day averaged volume of Mahamaya Steel is 5634

Date	Daily Closing Price	Open	High	Low	Volume
01 Fri Nov 2024	224.58	225.44	225.44	210.01	1.078 times
31 Thu Oct 2024	221.00	217.99	225.30	214.00	1.012 times
30 Wed Oct 2024	216.82	208.00	220.85	207.00	0.888 times
29 Tue Oct 2024	216.00	207.73	217.50	202.30	0.931 times
28 Mon Oct 2024	207.73	202.00	211.80	191.66	1.886 times
25 Fri Oct 2024	201.75	201.07	204.00	201.07	1.008 times
24 Thu Oct 2024	205.17	205.18	206.00	205.17	1.512 times
23 Wed Oct 2024	209.36	209.36	209.36	209.36	0.153 times
22 Tue Oct 2024	213.64	213.70	213.70	213.64	0.195 times
21 Mon Oct 2024	218.00	220.00	220.00	215.64	0.425 times

My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 220.3, but if it comes below 220.3, then a intra day sell could be more profitable.
If you take a sell trade below 220.3, then use 220.3 as stoploss and 214.11 as target. However if you take a buy trade in stock , then use 220.3 as stoploss and 227.8 as target.

Share price targets for Mahamaya Steel (MAHASTEEL_BE)

Target Type	Value
Downside Target	107.00
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	210.01
Downside Target	219.52
Downside Target	220.00
Downside Target	220.05
Upside Target	225.30
Upside Target	225.44

Intraday share price targets for Mahamaya Steel (MAHASTEEL_BE)

Target Type	Value
Downside Intraday Target	202.35
Downside Intraday Target	180.11
Upside Intraday Target	236.13
Upside Intraday Target	247.67
Downside Intraday Target	213.89

Weekly technical analysis of Mahamaya Steel (MAHASTEEL_BE)

Date	Weekly Closing Price	Open	High	Low	Volume
01 Fri Nov 2024	224.58	202.00	225.44	191.66	1.76 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, and volume has increased substantially. This means that the move can continue in coming weeks.

Monthly technical analysis of Mahamaya Steel (MAHASTEEL_BE)

Date	Monthly Closing Price	Open	High	Low	Volume
01 Fri Nov 2024	224.58	225.44	225.44	210.01	0.029 times
31 Thu Oct 2024	221.00	204.00	225.30	191.66	0.456 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

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 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 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 SELL signal for Mahamaya Steel in short term but SELL signal is weak.

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 212.49 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 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 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.