MahaSteel Bullish SetupMulti year break out potentially. Need a close above 225 with good volume for this to be valid. Once it does Tp 1 is in play and then eventually to final target but that will take time.
Please DYOR.
MAHASTEEL trade ideas
MAHASTEEL - BullishStock name - Mahamaya Steel Industries Limited.
Weekly chart setup
Chart is self explanatory everything.
Master score - C
Disclaimer : This is for demonstration and education purpose only. This is not buying or selling recommendations. I'm not SEBI registered.
Mahamaya Steel Industries LtdMahamaya Steel Industries Ltd
Incorporated in 1988, Mahamaya Steel Industries Ltd does manufacturing steel structures in the shape of Angles, Beams, Joist, Channels, Rounds, Flats, Railway sleepers, etc.
MSIL is an ISO 9001:2015 and ISO 14001:2015 certified company. It runs a heavy steel structural mill, Steel Melting Shop and Gas plant at Raipur. Company manufactures heavy and light steel structures such as strips, joists, beams, channels, girders, and railway sleeper bars, flats in various ranges for the construction, automobile, railway, and power industries. It has high capacity structural rolling mills with full fledged supportive SMS and one of the very few in India which manufactures 600 MM joist and 250 MM angles
MAHAMAYA STEEL Volume Buildup after Accumulation.
Above all EMA.
Good for Long Term.
Target 155, 220.
Happy Investing ...
Disclaimer : This is not a Buy or Sell recommendation. Please consult your financial advisor before making any investments . This is for Educational purpose only
Mahamaya Steel MSIL is an ISO 9001:2015 and ISO 14001:2015 certified company. It runs a heavy steel structural mill, Steel Melting Shop and Gas plant at Raipur. Company manufactures heavy and light steel structures such as strips, joists, beams, channels, girders, and railway sleeper bars
mahamaya steelunit sales in December 2023 reached 15,124.22 million tonnes, up 60.89% from 9,399.95 million tonnes in November 2023
MAHASTEEL BUYOn weekly price is making HH LH. On daily price is coming off a strong support. I have entered in here and placed the targets in my charts. No buy/sell recommendation. NSE:MAHASTEEL
💥Mahamaya Steel💥-Nice Breakout💥Mahamaya Steel💥-Nice Breakout
Capital to be deployed- 20k
Investing Price-110-114
Breakout Price-107
Stoploss-64
Targets-158-172-204
RT for max reach
#mahamayasteel #stockstowatch #StocksToBuy #StocksInFocus #stocks #StockMarket
Mahamaya SteelMSIL is an ISO 9001:2015 and ISO 14001:2015 certified company. It runs a heavy steel structural mill, Steel Melting Shop and Gas plant at Raipur. Company manufactures heavy and light steel structures such as strips, joists, beams, channels, girders, and railway sleeper bars, flats in various ranges for the construction, automobile, railway, and power industries. It has high capacity structural rolling mills with full fledged supportive SMS and one of the very few in India which manufactures 600 MM joist and 250 MM angles
Maha SteelLooks good after giving a Big weekly BO from its downward trend from ATH
RSI is above 65 and more weekly volumes for the past few weeks
Safe entry above weekly 200 SMA @ 87 and ultra safe entry would be above monthly 50 SMA @96.7
MAHAMAYA STEELWith metals shining this stock can go 2x from these levels .👍
Looks good at current levels
