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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 2024-11-04 View latest technical analysis

10 day averaged volume of Mahamaya Steel is 5120

Date	Daily Closing Price	Open	High	Low	Volume
04 Mon Nov 2024	221.05	229.00	229.00	218.00	0.765 times
01 Fri Nov 2024	224.58	225.44	225.44	210.01	1.186 times
31 Thu Oct 2024	221.00	217.99	225.30	214.00	1.113 times
30 Wed Oct 2024	216.82	208.00	220.85	207.00	0.977 times
29 Tue Oct 2024	216.00	207.73	217.50	202.30	1.024 times
28 Mon Oct 2024	207.73	202.00	211.80	191.66	2.075 times
25 Fri Oct 2024	201.75	201.07	204.00	201.07	1.109 times
24 Thu Oct 2024	205.17	205.18	206.00	205.17	1.664 times
23 Wed Oct 2024	209.36	209.36	209.36	209.36	0.169 times
22 Tue Oct 2024	213.64	213.70	213.70	213.64	0.214 times

My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 220.9, but if it comes below 220.9, then a intra day sell could be more profitable.
If you take a sell trade below 220.9, then use 220.9 as stoploss and 214.99 as target. However if you take a buy trade in stock , then use 220.9 as stoploss and 227.9 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	199.95
Downside Target	205.30
Downside Target	210.01
Downside Target	218.00
Downside Target	220.05
Upside Target	225.30
Upside Target	225.44
Upside Target	229.00

Intraday share price targets for Mahamaya Steel (MAHASTEEL_BE)

Target Type	Value
Downside Intraday Target	216.37
Downside Intraday Target	211.68
Upside Intraday Target	227.37
Upside Intraday Target	233.68
Upside Intraday Target	222.68

Weekly technical analysis of Mahamaya Steel (MAHASTEEL_BE)

Date	Weekly Closing Price	Open	High	Low	Volume
04 Mon Nov 2024	221.05	229.00	229.00	218.00	0.12 times
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

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
04 Mon Nov 2024	221.05	225.44	229.00	210.01	0.048 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 losing 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 HIGHS, which reflects strong buying momentum in short term! Bulls are getting tired and bears are picking up momentum.

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

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 212.87 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.