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 2024-12-16 View latest technical analysis

10 day averaged volume of Mahamaya Steel is 9854

Date	Daily Closing Price	Open	High	Low	Volume
16 Mon Dec 2024	211.67	215.00	215.00	205.51	0.203 times
13 Fri Dec 2024	208.08	206.00	208.57	199.50	0.565 times
12 Thu Dec 2024	198.64	206.00	206.00	196.00	1.111 times
11 Wed Dec 2024	205.18	206.00	206.00	203.20	2.682 times
10 Tue Dec 2024	211.03	203.90	212.00	203.90	0.275 times
09 Mon Dec 2024	209.05	211.00	216.90	200.00	0.524 times
06 Fri Dec 2024	209.79	207.79	209.81	199.60	1.023 times
05 Thu Dec 2024	199.82	208.98	208.98	199.50	1.615 times
04 Wed Dec 2024	204.77	214.79	214.79	200.00	0.974 times
03 Tue Dec 2024	209.74	215.00	215.00	207.11	0.395 times

My analysis of stock is bearish for shortterm, and stock might move down till 205.9 or till 197.2. Use a stoploss of 213.12 and if the stock hits stoploss, then it can shoot up till 220.35

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	215.00
Upside Target	220.05
Upside Target	223.60
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	206.45
Downside Intraday Target	201.24
Upside Intraday Target	215.94
Upside Intraday Target	220.22
Downside Intraday Target	210.73

Weekly technical analysis of Mahamaya Steel (MAHASTEEL_BE)

Date	Weekly Closing Price	Open	High	Low	Volume
16 Mon Dec 2024	211.67	215.00	215.00	205.51	0.039 times
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

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
16 Mon Dec 2024	211.67	212.05	220.05	196.00	0.743 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 positive, but trend is highly volatile. A longer time period analysis might give a better idea of the trend.

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 Weak 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 in short term is moving inside a range for now. Please check in a day or two to for a better buy sell signal. Bears are weakening, and bulls are picking up momentum!

Ichimoku cloud is of red color and prices are in or above the red 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

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 204.84 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.