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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 2025-01-07 View latest technical analysis

10 day averaged volume of Mahamaya Steel is 8193

Date	Daily Closing Price	Open	High	Low	Volume
07 Tue Jan 2025	208.50	206.01	213.46	201.02	0.415 times
06 Mon Jan 2025	211.41	213.50	217.00	201.80	1.39 times
03 Fri Jan 2025	211.88	205.67	215.95	199.60	2.021 times
02 Thu Jan 2025	205.67	206.50	211.00	197.10	0.821 times
01 Wed Jan 2025	206.50	200.00	207.00	199.90	0.309 times
31 Tue Dec 2024	203.71	197.00	206.39	193.00	1.474 times
30 Mon Dec 2024	196.57	186.80	200.99	186.80	1.152 times
27 Fri Dec 2024	192.57	192.98	201.50	183.55	0.564 times
26 Thu Dec 2024	192.99	195.00	195.00	185.20	0.202 times
24 Tue Dec 2024	192.42	194.99	194.99	189.00	0.283 times

My analysis of stock is bullish for shortterm, but stock is in semi over bought zones and there are some chances of seeing a fall tomorrow. Use 209.6 as stoploss in an intra day sell trade for a target of 202.95. However, stock will show a bullish move above 209.6.

Share price targets for Mahamaya Steel (MAHASTEEL_BE)

Target Type	Value
Downside Target	161.88
Downside Target	183.55
Downside Target	191.66
Downside Target	196.00
Upside Target	215.00
Upside Target	215.95
Upside Target	216.90
Upside Target	217.00
Upside Target	220.05
Upside Target	225.30
Upside Target	229.00

Intraday share price targets for Mahamaya Steel (MAHASTEEL_BE)

Target Type	Value
Downside Intraday Target	200.68
Downside Intraday Target	192.86
Upside Intraday Target	216.66
Upside Intraday Target	224.82
Upside Intraday Target	208.84

Weekly technical analysis of Mahamaya Steel (MAHASTEEL_BE)

Date	Weekly Closing Price	Open	High	Low	Volume
07 Tue Jan 2025	208.50	213.50	217.00	201.02	0.312 times
03 Fri Jan 2025	211.88	186.80	215.95	186.80	2.039 times
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

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
07 Tue Jan 2025	208.50	200.00	217.00	197.10	0.249 times
31 Tue Dec 2024	203.71	212.05	220.05	183.55	1.204 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

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 positive, but buyers have become active on the stock recently. This cannot be a definite uptrend, specially if selected time duration is small.

Price action analysis of Mahamaya Steel ( (MAHASTEEL_BE) ) based on a mid to longer term time period is neutral. A longer time frame might give a better analysis.

ADX buy sell signal for Mahamaya Steel stock for short term is BUY. Signal strength is Strong and stock is losing momentum.

MACD generated a BUY signal for Mahamaya Steel in short term but the buy signal is initial and weak.

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 HIGHS, which reflects strong buying momentum in short term! Bulls are getting tired and bears are picking up momentum.

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

CCI has generated a SELL signal for Mahamaya Steel in short term but SELL 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 205.08 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 negative.

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