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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)

10 day averaged volume of Mahamaya Steel is 10401

Date	Daily Closing Price	Open	High	Low	Volume
03 Fri May 2024	108.15	110.00	111.60	107.00	1.084 times
02 Thu May 2024	110.00	112.10	112.10	108.30	1.462 times
30 Tue Apr 2024	110.45	110.00	111.90	109.55	0.383 times
29 Mon Apr 2024	110.45	114.95	114.95	108.20	1.238 times
26 Fri Apr 2024	111.75	110.00	112.45	109.00	1.265 times
25 Thu Apr 2024	109.65	108.40	111.90	107.50	0.908 times
24 Wed Apr 2024	106.80	109.95	110.00	106.15	1.127 times
23 Tue Apr 2024	110.10	104.15	111.40	104.15	1.719 times
22 Mon Apr 2024	106.15	104.10	109.90	104.10	0.722 times
19 Fri Apr 2024	105.80	105.10	106.35	102.50	0.375 times

My analysis of stock is bearish for shortterm, and stock might move down till 106 or till 102.3. Use a stoploss of 109.15 and if the stock hits stoploss, then it can shoot up till 112.28

Share price targets for Mahamaya Steel (MAHASTEEL_BE)

Target Type	Value
Downside Target	66.10
Downside Target	70.85
Downside Target	96.00
Downside Target	99.20
Downside Target	102.50
Downside Target	107.00
Upside Target	109.25
Upside Target	112.10
Upside Target	112.45
Upside Target	114.95
Upside Target	116.00
Upside Target	135.80

Intraday share price targets for Mahamaya Steel (MAHASTEEL_BE)

Target Type	Value
Downside Intraday Target	105.12
Downside Intraday Target	102.08
Upside Intraday Target	113.07
Upside Intraday Target	117.98
Upside Intraday Target	110.03

Weekly technical analysis of Mahamaya Steel (MAHASTEEL_BE)

Date	Weekly Closing Price	Open	High	Low	Volume
03 Fri May 2024	108.15	114.95	114.95	107.00	0.726 times
26 Fri Apr 2024	111.75	104.10	112.45	104.10	1.365 times
19 Fri Apr 2024	105.80	108.05	111.20	102.50	0.395 times
12 Fri Apr 2024	113.45	110.00	116.00	109.25	1.237 times
05 Fri Apr 2024	109.60	101.75	109.90	99.20	1.585 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
03 Fri May 2024	108.15	112.10	112.10	107.00	0.083 times
30 Tue Apr 2024	110.45	101.75	116.00	99.20	1.12 times
28 Thu Mar 2024	100.65	103.00	111.35	96.00	0.876 times
29 Thu Feb 2024	103.95	135.80	135.80	103.35	2.116 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 negative, but trend is highly volatile. A longer duration price action analysis might give a better picture of the trend in 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 BUY. Signal strength is Weak and stock is losing momentum.

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

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 tired and bears are picking up momentum.

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

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 but buying is losing momentum.

MRSI is in negative zone. This is the SELL 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 109.3 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 positive

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