Daily Technical Analysis Weekly Analysis Monthly Analysis Renko chart MACD chart Bollinger Bands chart Stochastics charts Force Index charts

(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 2024-12-13 View latest technical analysis

10 day averaged volume of Mahamaya Steel is 9890

Date	Daily Closing Price	Open	High	Low	Volume
13 Fri Dec 2024	208.08	206.00	208.57	199.50	0.563 times
12 Thu Dec 2024	198.64	206.00	206.00	196.00	1.107 times
11 Wed Dec 2024	205.18	206.00	206.00	203.20	2.672 times
10 Tue Dec 2024	211.03	203.90	212.00	203.90	0.274 times
09 Mon Dec 2024	209.05	211.00	216.90	200.00	0.522 times
06 Fri Dec 2024	209.79	207.79	209.81	199.60	1.019 times
05 Thu Dec 2024	199.82	208.98	208.98	199.50	1.609 times
04 Wed Dec 2024	204.77	214.79	214.79	200.00	0.971 times
03 Tue Dec 2024	209.74	215.00	215.00	207.11	0.394 times
02 Mon Dec 2024	217.97	212.05	220.05	211.50	0.832 times

My analysis of stock is bearish for shortterm, but stock is semi over sold and there are some chances of seeing a recovery tomorrow. Use 206.1 as stoploss in an intra day buy trade for a target of 213.72. However, stock will show a bearish move below 206.1.

Share price targets for Mahamaya Steel (MAHASTEEL_BE)

Target Type	Value
Downside Target	161.88
Downside Target	169.67
Downside Target	186.00
Downside Target	191.66
Downside Target	196.00
Downside Target	205.30
Upside Target	216.90
Upside Target	220.05
Upside Target	223.60
Upside Target	224.00
Upside Target	225.00
Upside Target	225.30
Upside Target	229.00

Intraday share price targets for Mahamaya Steel (MAHASTEEL_BE)

Target Type	Value
Downside Intraday Target	197.09
Downside Intraday Target	186.09
Upside Intraday Target	217.99
Upside Intraday Target	227.89
Downside Intraday Target	206.99

Weekly technical analysis of Mahamaya Steel (MAHASTEEL_BE)

Date	Weekly Closing Price	Open	High	Low	Volume
13 Fri Dec 2024	208.08	211.00	216.90	196.00	1.065 times
06 Fri Dec 2024	209.79	212.05	220.05	199.50	2.455 times
29 Fri Nov 2024	221.32	222.30	223.60	208.00	0.442 times
22 Fri Nov 2024	222.31	223.62	225.00	206.15	2.075 times
14 Thu Nov 2024	223.62	222.70	224.00	208.02	0.474 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
13 Fri Dec 2024	208.08	212.05	220.05	196.00	0.729 times
29 Fri Nov 2024	221.32	225.44	229.00	206.15	0.646 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

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 neutral. A longer time frame might give a better analysis.

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 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 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 and the sell signal is strong.

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 LOWS in short term which reflects strong selling momentum. Bears are weakening, and bulls are picking up momentum!

Ichimoku cloud is of red color and prices are below the red cloud Prices appear to be moving up

CCI has generated a buy signal for Mahamaya Steel in short term but BUY signal is weak.

RSI is generating a BUY signal in short term and the buying is gaining momentum.

MRSI is in negative zone. This is the SELL zone

Although the stock is in the SELL zone, but selling 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 205.8 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 has given negative returns over a short term period. Returns for a longer term period have been negative.

Force Index is moving in a negative zone, which indicates selling momentum for short term... Selling momentum is getting weaker.