Mahamaya Steel Industries Technical Analysis

Mahamaya Steel Industries Ltd Technical Analysis

Mahamaya Steel Industries Ltd technical analysis is gaining attention among traders and investors tracking Mahamaya Steel Industries Ltd Technical Analysis trends in the Indian stock market. Mahamaya Steel Industries Ltd (NSE: MAHASTEEL, BSE: 513554) is currently trading at ₹1276.10, showing a -4.17% move as of Wed, Sep 16, 2026.

This detailed Mahamaya Steel Industries Ltd technical analysis covers support & resistance levels, moving averages, indicators, and overall market sentiment to help investors make informed decisions.

Mahamaya Steel Industries Ltd Stock Overview

Mahamaya Steel Industries Ltd operates in the Non-energy minerals sector under the Steel industry. With a market capitalization of ₹2121.68Cr and a PE ratio of 209.92, Mahamaya Steel Industries Ltd remains a key stock to watch in Mahamaya Steel Industries Ltd Technical Analysis searches.

Key Metrics

• Market Cap: ₹2121.68Cr
• PE Ratio: 209.92
• Dividend Yield: 0
• Sector: Non-energy minerals
• Industry: Steel

These fundamentals play an important role in Mahamaya Steel Industries Ltd technical analysis and valuation tracking.

Mahamaya Steel Industries Ltd Support and Resistance Levels

Classic Pivot Levels

In Mahamaya Steel Industries Ltd technical analysis, pivot levels help identify potential reversal and breakout zones.

• Resistance 3: 2091.67
• Resistance 2: 1663.67
• Resistance 1: 1518.33
• Pivot Point: 1235.67
• Support 1: 1090.33
• Support 2: 807.67
• Support 3: 379.67

Conditional Insight

Mahamaya Steel Industries Ltd technical analysis suggests a bearish to neutral trend as the price is below the pivot point. Immediate support is seen near 1090.33 and 807.67.

Fibonacci Levels Analysis

Fibonacci levels are widely used in Mahamaya Steel Industries Ltd technical analysis to identify retracement zones.

• Fibonacci R3: 1663.67
• Fibonacci R2: 1500.17
• Fibonacci R1: 1399.16
• Fibonacci Pivot: 1235.67
• Fibonacci S1: 1072.17
• Fibonacci S2: 971.16
• Fibonacci S3: 807.67

Mahamaya Steel Industries Ltd technical analysis indicates consolidation between Fibonacci pivot and resistance zones.

Mahamaya Steel Industries Ltd Moving Average Analysis

Moving averages are key indicators in Mahamaya Steel Industries Ltd technical analysis for identifying trend direction.

• 10 EMA: 1287.23
• 20 EMA: 1247.06
• 30 EMA: 1197.42
• 50 EMA: 1118.91
• 100 EMA: 1011.33
• 200 EMA: 883.30

Trend Logic

Mahamaya Steel Industries Ltd technical analysis indicates bearish pressure, with price trading below key moving averages.

Long-term trend in Mahamaya Steel Industries Ltd technical analysis remains positive above 200 EMA.

Mahamaya Steel Industries Ltd Technical Indicators Overview

Momentum Indicators

• RSI: 56.85
• MACD: 65.06
• Signal: 80.17
• ADX: 31.20
• Momentum: -129

RSI Logic

Mahamaya Steel Industries Ltd technical analysis shows RSI in neutral range, suggesting consolidation.

MACD Logic

Mahamaya Steel Industries Ltd technical analysis indicates bearish momentum with MACD below signal line.

Mahamaya Steel Industries Ltd Overall Recommendation

• Overall Recommendation Score: 0.15
• Moving Average Recommendation: 0.40
• Other Indicators Recommendation: -0.09

Overall Mahamaya Steel Industries Ltd technical analysis sentiment remains neutral with mixed signals.

Mahamaya Steel Industries Ltd Technical Analysis Conclusion

Mahamaya Steel Industries Ltd technical analysis suggests that traders should closely monitor price action around ₹1276.10 and key pivot level 1235.67. Breakouts above resistance or breakdown below support will define the next trend in Mahamaya Steel Industries Ltd technical analysis.

Investors searching for Mahamaya Steel Industries Ltd Technical Analysis should track moving averages, RSI levels, and volume trends to identify potential entry and exit opportunities. As market conditions change, Mahamaya Steel Industries Ltd technical analysis will continue to play a crucial role in short-term trading and long-term investment strategies.