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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 2024-11-18 View latest technical analysis

10 day averaged volume of Mahamaya Steel is 7188

Date	Daily Closing Price	Open	High	Low	Volume
18 Mon Nov 2024	216.98	223.62	223.62	212.43	0.471 times
14 Thu Nov 2024	223.62	216.15	224.00	208.02	1.142 times
13 Wed Nov 2024	218.97	219.00	224.00	213.00	0.725 times
12 Tue Nov 2024	223.76	218.50	224.00	215.19	0.624 times
11 Mon Nov 2024	219.96	222.70	222.70	218.00	0.454 times
08 Fri Nov 2024	222.70	219.65	226.40	212.01	2.818 times
07 Thu Nov 2024	215.65	223.26	225.00	212.15	0.564 times
06 Wed Nov 2024	223.26	211.05	225.00	211.05	1.439 times
05 Tue Nov 2024	217.57	227.00	227.00	210.00	0.845 times
04 Mon Nov 2024	221.05	229.00	229.00	218.00	0.545 times

My analysis of stock is bullish for shortterm, and stock might move up till 223.2 or till 230.8. Use a stoploss of 216.88 and if this stock hits its stoploss, then it can fall down till 210.57

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	201.07
Downside Target	205.30
Upside Target	220.00
Upside Target	224.00
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	211.73
Downside Intraday Target	206.49
Upside Intraday Target	222.92
Upside Intraday Target	228.87
Upside Intraday Target	217.68

Weekly technical analysis of Mahamaya Steel (MAHASTEEL_BE)

Date	Weekly Closing Price	Open	High	Low	Volume
18 Mon Nov 2024	216.98	223.62	223.62	212.43	0.16 times
14 Thu Nov 2024	223.62	222.70	224.00	208.02	0.474 times
08 Fri Nov 2024	222.70	229.00	229.00	210.00	1.367 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

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
18 Mon Nov 2024	216.98	225.44	229.00	208.02	0.36 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 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 term time period is negative, but sellers have recently become active on the stock. This cannot be called a strong downtrend, 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 Strong 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 in short term is moving inside a range for now. Please check in a day or two to for a better buy sell signal. 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 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 221.31 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.