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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 8663

Date Daily Closing Price Open High Low Volume
25 Mon Nov 2024 219.78 222.30 223.00 215.00 0.148 times
22 Fri Nov 2024 222.31 215.00 223.90 210.50 1.01 times
21 Thu Nov 2024 221.54 222.00 222.00 210.94 2.082 times
19 Tue Nov 2024 222.05 218.00 225.00 206.15 1.588 times
18 Mon Nov 2024 216.98 223.62 223.62 212.43 0.391 times

My analysis of stock is bullish for shortterm, and stock might move up till 223.5 or till 228.1. Use a stoploss of 219.61 and if this stock hits its stoploss, then it can fall down till 215.74

Share price targets for Mahamaya Steel (MAHASTEEL_BE)

Target Type Value
Downside Target 107.00
Downside Target 121.00
Downside Target 161.88
Downside Target 169.67
Downside Target 186.00
Downside Target 191.66
Downside Target 205.30
Downside Target 215.00
Upside Target 223.00
Upside Target 225.00
Upside Target 225.30
Upside Target 225.44
Upside Target 229.00

Intraday share price targets for Mahamaya Steel (MAHASTEEL_BE)

Target Type Value
Downside Intraday Target 215.52
Downside Intraday Target 211.26
Upside Intraday Target 223.52
Upside Intraday Target 227.26
Downside Intraday Target 219.26

Weekly technical analysis of Mahamaya Steel (MAHASTEEL_BE)

Date Weekly Closing Price Open High Low Volume
25 Mon Nov 2024 219.78 222.30 223.00 215.00 0.029 times
22 Fri Nov 2024 222.31 223.62 225.00 206.15 2.075 times
14 Thu Nov 2024 223.62 222.70 224.00 208.02 0.474 times
08 Fri Nov 2024 222.70 229.00 229.00 210.00 2.661 times
01 Fri Nov 2024 224.58 208.00 225.44 207.00 0.804 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
25 Mon Nov 2024 219.78 225.44 229.00 206.15 0.546 times
31 Thu Oct 2024 221.00 204.00 225.30 191.66 0.467 times
30 Mon Sep 2024 202.50 169.80 205.30 161.88 3.274 times
30 Fri Aug 2024 173.23 182.00 186.00 169.67 0.757 times

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)

Indicator Name Indicator Value Indicator Signal
ADX 6, 15, 43 Sell
MACD 10, 12Sell
Stochastics 74Buy
CCI 15Buy
RSI 55Buy
OBV 47532Sell
VWAP 222Sell
ADL 0Sell
ROC 2Buy
Force Index 0Sell

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 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 Strong 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 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 buy signal for Mahamaya Steel in short term and BUY signal is strong.

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 221.86 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.

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