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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 2024-12-27 View latest technical analysis

10 day averaged volume of Mahamaya Steel is 5469

Date	Daily Closing Price	Open	High	Low	Volume
27 Fri Dec 2024	192.57	192.98	201.50	183.55	0.845 times
26 Thu Dec 2024	192.99	195.00	195.00	185.20	0.303 times
24 Tue Dec 2024	192.42	194.99	194.99	189.00	0.424 times
23 Mon Dec 2024	192.94	199.16	204.00	189.20	2.673 times
20 Fri Dec 2024	199.16	202.00	202.84	196.00	0.359 times
19 Thu Dec 2024	202.12	211.45	211.45	192.11	0.323 times
18 Wed Dec 2024	201.39	197.50	206.00	197.50	0.48 times
17 Tue Dec 2024	206.49	204.01	209.45	201.08	2.054 times
16 Mon Dec 2024	211.67	215.00	215.00	205.51	0.365 times
13 Fri Dec 2024	208.08	206.00	208.57	199.50	1.018 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 196.3, but if it comes above 196.3, then a intra day buy could be more profitable.
If you take a sell trade below 196.3, then use 196.3 as stoploss and 186.6 as target. However if you take a buy trade in stock , then use 196.3 as stoploss and 204.36 as target.

Share price targets for Mahamaya Steel (MAHASTEEL_BE)

Target Type	Value
Downside Target	161.88
Downside Target	169.67
Downside Target	183.55
Downside Target	191.66
Upside Target	196.00
Upside Target	204.00
Upside Target	215.00
Upside Target	216.90
Upside Target	220.05
Upside Target	223.60
Upside Target	225.30
Upside Target	229.00

Intraday share price targets for Mahamaya Steel (MAHASTEEL_BE)

Target Type	Value
Downside Intraday Target	182.75
Downside Intraday Target	172.92
Upside Intraday Target	203.2
Upside Intraday Target	213.82
Upside Intraday Target	193.37

Weekly technical analysis of Mahamaya Steel (MAHASTEEL_BE)

Date	Weekly Closing Price	Open	High	Low	Volume
27 Fri Dec 2024	192.57	199.16	204.00	183.55	1.185 times
20 Fri Dec 2024	199.16	215.00	215.00	192.11	0.385 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

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
27 Fri Dec 2024	192.57	212.05	220.05	183.55	1.045 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 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 negative. This means that there is a strong downtrend in the stock for given time period. Sellers are extremely active on this 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.

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 coming down

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 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 199.59 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 negative.

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