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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 2025-01-31 View latest technical analysis

10 day averaged volume of Mahamaya Steel is 3166

Date	Daily Closing Price	Open	High	Low	Volume
31 Fri Jan 2025	194.74	187.77	195.89	180.71	1.051 times
30 Thu Jan 2025	189.81	196.49	196.49	187.75	0.75 times
29 Wed Jan 2025	197.59	195.00	197.99	184.51	0.085 times
28 Tue Jan 2025	192.99	195.00	202.00	186.10	1.951 times
27 Mon Jan 2025	195.90	194.50	197.79	187.51	0.866 times
24 Fri Jan 2025	196.58	181.05	199.50	181.05	2.51 times
23 Thu Jan 2025	190.00	196.63	201.50	187.02	0.927 times
22 Wed Jan 2025	196.63	196.50	197.40	187.63	0.497 times
21 Tue Jan 2025	196.81	198.99	199.00	194.00	0.474 times
20 Mon Jan 2025	199.18	184.01	199.98	184.01	1.398 times

My analysis of stock is bearish for shortterm, and stock might move down till 190.5 or till 182.8. Use a stoploss of 196.92 and if the stock hits stoploss, then it can shoot up till 203.35

Share price targets for Mahamaya Steel (MAHASTEEL_BE)

Target Type	Value
Downside Target	161.88
Downside Target	179.53
Downside Target	191.66
Upside Target	201.50
Upside Target	205.30
Upside Target	206.15
Upside Target	215.95
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	182.97
Downside Intraday Target	171.19
Upside Intraday Target	204.26
Upside Intraday Target	213.77
Downside Intraday Target	192.48

Weekly technical analysis of Mahamaya Steel (MAHASTEEL_BE)

Date	Weekly Closing Price	Open	High	Low	Volume
31 Fri Jan 2025	194.74	194.50	202.00	180.71	0.81 times
24 Fri Jan 2025	196.58	184.01	201.50	181.05	0.989 times
17 Fri Jan 2025	193.51	190.00	202.99	179.53	0.376 times
10 Fri Jan 2025	196.71	213.50	217.00	192.98	1.044 times
03 Fri Jan 2025	211.88	186.80	215.95	186.80	2.039 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
31 Fri Jan 2025	194.74	200.00	217.00	179.53	0.78 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 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 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 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 neutral. A longer time frame might give a better analysis.

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 Strong and stock is gaining 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 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 stronger in this stock.

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

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 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 194.98 and Mahamaya Steel (MAHASTEEL_BE) stock is trading below this level. This means that stock is falling with high volumes. 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.