Mahamaya Steel Technical Analysis using Price and Time Cycle

Mahamaya Steel (MAHASTEEL.NS) Listed on NSE on NIFTY METAL Index stock has been consolidating in the range from last few trading sessions. Metals Stocks are flavor of the season as commodity cycle is turning.

Pattern Analysis

As per Price chart Price is in zone of contraction and breakout above 181 can see fast move towards 189/196/206 odd levels.

Supply Demand Analysis

As per Supply Demand Chart we are trading above the demand zone of 166 momentum will come above 183 for a move towards 196/206/212

Time Cycle Analysis

As per Time Cycle as shown in above chart stock generally see momentum coming near the start of new time cycle market by Blue lines suggesting price can rally till we are holding 170 range

Traders can go Long in range of 176-179 for a move towards 196/206/212 in next 1 month SL 161

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