MAHSEAMLES - Technical Analysis with Chart Patterns & Indicators

Last Updated Time : 19 Sept 25, 2:16 pm

Technical Rating: 3.3

Here’s a detailed technical analysis of Maharashtra Seamless Ltd (MAHSEAMLES) based on current indicators and chart behavior

📊 Trend Overview

Current Trend: Bearish

Phase: Reversal in progress

Outlook: Weak momentum with potential for short-term bounce if support holds

📈 Technical Indicators Analysis

🔹 Moving Averages

50 DMA: ₹665

200 DMA: ₹679

Current Price: ₹630

Price is below both DMAs → confirms bearish trend

Death cross (50 DMA < 200 DMA) suggests continued weakness

🔹 RSI (Relative Strength Index)

RSI: 38.1

Near oversold territory (<40) → potential for short-term bounce

Weak momentum overall

🔹 MACD (Moving Average Convergence Divergence)

MACD: -12.8

Strongly negative → confirms bearish momentum

No bullish crossover yet

🔹 Bollinger Bands

Price is near lower band → oversold zone

Bands are widening → increasing volatility

Could signal reversal if price stabilizes near support

🔹 Volume Trends

Current Volume: 1.38 lakh

1-Week Avg Volume: 2.04 lakh

Below average volume → weak participation

No signs of accumulation yet

📌 Support & Resistance Levels

Level Price (₹) Commentary

Support 1 615 Recent swing low, key short-term base

Support 2 563 52-week low, major support zone

Resistance 1 665 50 DMA, first hurdle

Resistance 2 679 200 DMA, trend reversal confirmation

Resistance 3 720 Previous consolidation zone

🎯 Entry & Exit Zones

Optimal Entry Zone: ₹615–₹630 (near support and oversold RSI)

Exit Zone / Profit Booking: ₹665–₹679 (DMA resistance cluster)

🔍 Momentum Signals

Short-Term: Weak bearish momentum with oversold signals

Medium-Term: Reversal possible if price holds above ₹615 and volume improves

🧭 Conclusion

MAHSEAMLES is currently in a reversal phase after a prolonged downtrend. Technical indicators show oversold conditions, but confirmation is needed via volume and MACD crossover. Traders may consider accumulating near ₹615 with a target of ₹665–₹679, keeping a tight stop-loss below ₹563.

Sources: ET Money Technicals, TradingView Technical Ratings

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