MAHSEAMLES - Technical Analysis

Last Updated Time : 02 Aug 25, 12:58 am

Technical Rating: 3.2

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

📉 Trend Overview

Current Trend: Reversing to bearish

Price has slipped below the 50 DMA (₹706) and is hovering just above the 200 DMA (₹688), indicating weakening short-term momentum.

The stock is down ~15% from its 52-week high of ₹814, suggesting a loss of bullish steam.

📊 Technical Indicators

Moving Averages

50 DMA: ₹706 — price is below, signaling short-term weakness.

200 DMA: ₹688 — price is slightly above, offering mild long-term support.

RSI (14): 43.8 — approaching oversold territory, but not yet a reversal signal.

MACD: -2.33 — bearish crossover, momentum fading.

Bollinger Bands: Price near lower band, indicating oversold conditions and potential for bounce.

Volume: 1.82L vs 1-week avg of 2.96L — below average, showing lack of buying interest.

📌 Support & Resistance Zones

Level Type Price (₹)

Immediate Support 685 – 675

Strong Support 660 – 645

Resistance Zone 706 – 720

Major Resistance 740 – 765

Trendlines suggest a breakdown from a rising wedge pattern, with downside risk toward ₹645 unless support holds.

🚨 Momentum Signals

Short-Term Entry Zone: ₹675–₹685 (only if reversal signs emerge)

Exit Zone / Target: ₹715–₹740 (if bounce occurs)

Stop Loss: ₹645 (below strong support)

⚠️ Conclusion

Momentum: Weak and fading.

Trend Status: Reversing downward after a failed attempt to hold above key averages.

Outlook: Cautious. Avoid fresh long positions until RSI improves and MACD flattens.

Watch for: Volume spike + RSI > 50 + MACD crossover for any bullish reversal.

Would you like a visual chart or comparison with peers like Jindal Saw or Ratnamani Metals?

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