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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 8879

Date	Daily Closing Price	Open	High	Low	Volume
15 Thu May 2025	252.10	244.70	256.90	234.00	3.54 times
14 Wed May 2025	244.70	255.00	259.45	243.95	1.24 times
13 Tue May 2025	256.75	267.95	267.95	255.05	0.388 times
12 Mon May 2025	267.95	265.70	275.95	258.00	0.355 times
09 Fri May 2025	265.70	261.10	268.60	251.25	0.46 times
08 Thu May 2025	263.45	269.95	274.50	260.00	0.673 times
07 Wed May 2025	265.30	270.00	286.00	262.60	1.943 times
06 Tue May 2025	276.05	267.40	276.65	256.00	3.191 times
05 Mon May 2025	263.50	263.75	269.00	260.00	1.105 times
02 Fri May 2025	259.85	256.25	261.75	252.05	0.444 times

Stock of Mahamaya Steel (MAHASTEEL_BE) has showed a significant upmove. This could be a good time to enter in this stock!

My analysis of stock is bearish for shortterm, and stock might move down till 245.6 or till 233.4. Use a stoploss of 255.7 and if the stock hits stoploss, then it can shoot up till 265.83

Share price targets for Mahamaya Steel (MAHASTEEL_BE)

Target Type	Value
Downside Target	179.53
Downside Target	185.00
Downside Target	217.00
Downside Target	221.90
Downside Target	232.00
Downside Target	245.50
Upside Target	261.00
Upside Target	264.00
Upside Target	275.95
Upside Target	278.25
Upside Target	280.99
Upside Target	286.00

Intraday share price targets for Mahamaya Steel (MAHASTEEL_BE)

Target Type	Value
Downside Intraday Target	232.08
Downside Intraday Target	212.07
Upside Intraday Target	274.03
Upside Intraday Target	295.97
Upside Intraday Target	254.02

Weekly technical analysis of Mahamaya Steel (MAHASTEEL_BE)

Date	Weekly Closing Price	Open	High	Low	Volume
15 Thu May 2025	252.10	265.70	275.95	234.00	0.749 times
09 Fri May 2025	265.70	263.75	286.00	251.25	2.377 times
02 Fri May 2025	259.85	260.00	264.00	247.05	1.44 times
25 Fri Apr 2025	253.25	261.00	261.00	236.00	0.576 times
17 Thu Apr 2025	249.65	245.65	250.00	221.90	1.498 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
15 Thu May 2025	252.10	256.25	286.00	234.00	1.041 times
30 Wed Apr 2025	257.50	272.95	278.25	221.90	2.099 times
28 Fri Mar 2025	265.02	237.75	280.99	232.00	0.203 times
28 Fri Feb 2025	239.00	192.99	245.50	185.00	2.1 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 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 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 Weak and stock is gaining 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 LOWS in short term which reflects strong selling momentum. Bears are getting stronger in this stock.

Ichimoku cloud is of green color and prices are in or below the green 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 SELL signal in short term but selling is losing momentum.

MRSI is in positive zone. This is a BUY zone

Although the stock is in the BUY zone, but buying 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 261.87 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.