Title
by Americanbulls.com LLC
Last Update
27-01-2020
MAHASTEEL.BO
MAHAMAYA STEEL INDUSTRIES
Last Signal: BUY
Last Pattern: BULLISH ENGULFING
Last Close:
94.6500
Change:
+3.9000
Percent change
+4.30%
Signal Update
Our system’s recommendation today is to BUY. The BULLISH ENGULFING pattern finally received a confirmation because the prices crossed above the confirmation level which was at 90.7500, and our valid average buying price stands now at 91.6600. The previous SHORT signal was issued on 23-01-2020, 4 days ago, when the stock price was 86.9500. Since then MAHASTEEL.BO has risen by +5.42%.
Market Outlook
The bulls have strong evidence on their side and this evidence prompts us to make a bullish bet. The bullish pattern that was previously identified is finally confirmed and a BUY signal is generated. It is probably the right time to be part of this boost and bullish market sentiment. The market is telling you about a possible new profit. Do not miss this chance. more...


Candlestick Pattern Chart
The chart showing Series 1 series.
Pattern Description
This pattern is characterized by a large white body engulfing a preceding smaller black body, which appears during a downtrend. The white body does not necessarily engulf the shadows of the black body but totally engulfs the body itself. This is an important bottom reversal signal. more...
Signal History
Date 
Price 
Signal 
 
INR100⇨ 
27-01-202091.6600BUY 89.11
23-01-202086.9500SHORT 95.55
15-01-202094.3450BUY 105.14
01-01-202091.8700SHORT 109.58
27-12-2019101.2900BUY 122.52
25-11-2019149.3200SHORT 94.01
20-11-2019155.5500BUY 99.32
14-11-2019150.8800SELL 100.02
22-10-2019151.2500BUY 100.97
14-10-2019142.0000SELL 101.68
03-10-2019126.8100BUY 91.44
25-09-2019125.4500SELL 92.08
24-09-2019130.7300BUY 96.63
19-09-2019126.0500SELL 97.31
16-09-2019123.3000BUY 95.86
14-08-2019117.8100SHORT 101.97
07-08-2019121.1800BUY 106.37
31-07-2019132.6300SHORT 99.30
† Trade commissions are taken as 0.70%.
Date 
Price 
Signal 
 
INR100⇨ 
27-01-202091.6600BUY 136.75
23-01-202086.9500SHORT 146.63
15-01-202094.3450BUY 161.35
01-01-202091.8700SHORT 168.16
27-12-2019101.2900BUY 188.03
25-11-2019149.3200SHORT 144.28
20-11-2019155.5500BUY 152.43
14-11-2019150.8800SELL 153.50
22-10-2019151.2500BUY 154.96
14-10-2019142.0000SELL 156.05
03-10-2019126.8100BUY 140.34
25-09-2019125.4500SELL 141.33
24-09-2019130.7300BUY 148.32
19-09-2019126.0500SELL 149.37
16-09-2019123.3000BUY 147.14
14-08-2019117.8100SHORT 156.52
07-08-2019121.1800BUY 163.28
31-07-2019132.6300SHORT 152.43
23-07-2019143.6500BUY 167.43
18-06-2019212.3000SELL 168.61
29-05-2019184.0700BUY 147.22
24-05-2019178.3900SELL 148.26
07-05-2019153.0200BUY 128.07
22-04-2019171.0400SHORT 117.50
15-04-2019163.2500BUY 113.74
11-04-2019158.9600SHORT 118.55
08-04-2019161.4800BUY 122.13
29-03-2019168.4600SELL 122.99
20-03-2019178.7400BUY 131.41
13-03-2019188.4450SELL 132.34
01-03-2019140.4100BUY 99.30
† Trade commissions are taken as 0.70%.
Date 
Price 
Signal 
 
INR100⇨ 
27-01-202091.6600BUY 360.09
23-01-202086.9500SHORT 386.10
15-01-202094.3450BUY 424.86
01-01-202091.8700SHORT 442.80
27-12-2019101.2900BUY 495.11
25-11-2019149.3200SHORT 379.91
20-11-2019155.5500BUY 401.36
14-11-2019150.8800SELL 404.19
22-10-2019151.2500BUY 408.04
14-10-2019142.0000SELL 410.92
03-10-2019126.8100BUY 369.55
25-09-2019125.4500SELL 372.16
24-09-2019130.7300BUY 390.56
19-09-2019126.0500SELL 393.31
16-09-2019123.3000BUY 387.44
14-08-2019117.8100SHORT 412.13
07-08-2019121.1800BUY 429.92
31-07-2019132.6300SHORT 401.35
23-07-2019143.6500BUY 440.85
18-06-2019212.3000SELL 443.96
29-05-2019184.0700BUY 387.64
24-05-2019178.3900SELL 390.37
07-05-2019153.0200BUY 337.21
22-04-2019171.0400SHORT 309.39
15-04-2019163.2500BUY 299.48
11-04-2019158.9600SHORT 312.14
08-04-2019161.4800BUY 321.57
29-03-2019168.4600SELL 323.84
20-03-2019178.7400BUY 346.02
13-03-2019188.4450SELL 348.46
01-03-2019140.4100BUY 261.47
15-02-2019132.5400SELL 263.31
27-12-201878.4800BUY 157.01
21-12-201878.1600SELL 158.12
18-12-201878.3600BUY 159.64
14-12-201876.5850SELL 160.77
03-12-201869.7800BUY 147.52
14-11-201878.5000SELL 148.56
22-10-201877.5000BUY 147.70
09-10-201875.6200SHORT 153.61
04-10-201873.0300BUY 150.45
24-09-201877.8000SHORT 143.76
11-09-201892.0500BUY 172.50
29-08-201889.1000SELL 173.72
01-08-201883.2200BUY 163.40
27-07-201878.4500SELL 164.55
24-07-201874.7900BUY 157.98
16-07-201878.8250SELL 159.09
21-06-201881.7000BUY 166.06
13-06-201880.5000SELL 167.23
08-06-201872.3700BUY 151.40
10-05-201879.4500SELL 152.47
07-05-201863.1500BUY 122.04
27-04-201865.6500SHORT 119.23
17-04-201866.7100BUY 122.87
11-04-201866.9000SELL 123.74
04-04-201864.7500BUY 120.61
01-03-201877.2000SHORT 105.33
22-02-201879.4900BUY 109.99
15-02-201882.2200SHORT 107.96
05-02-201874.5700BUY 99.30
† Trade commissions are taken as 0.70%.

Disclaimers:

Americanbulls.com LLC is not registered as an investment adviser with the U.S. Securities and Exchange Commission. Rather, Americanbulls.com LLC relies upon the “publisher’s exclusion” from the definition of investment adviser as provided under Section 202(a)(11) of the Investment Advisers Act of 1940 and corresponding state securities laws. As such, Americanbulls.com LLC does not offer or provide personalized investment advice. This site and all others owned and operated by Americanbulls.com LLC are bona fide publications of general and regular circulation offering impersonal investment-related advice to member and /or prospective members.

Hindustanbulls.com is an independent website. Americanbulls.com LLC does not receive compensation by any direct or indirect means from the stocks, securities and other institutions or any underwriters or dealers associated with the broader national or international forex, commodity and stock markets.

Therefore, Hindustanbulls.com and Americanbulls.com LLC is exempt from the definition of “investment adviser” as provided under Section 202(a) (11) of the Investment Advisers Act of 1940 and corresponding state securities laws, and hence registration as such is not required. We are not a registered broker-dealer. Material provided by Americanbulls.com LLC is for informational purposes only, and that no mention of a particular security in any of our materials constitutes a recommendation to buy, sell, or hold that or any other security, or that any particular security, portfolio of securities, transaction or investment strategy is suitable for any specific person. To the extent that any of the information obtained from Americanbulls.com LLC may be deemed to be investment opinion, such information is impersonal and not tailored to the investment needs of any specific person. Americanbulls.com LLC does not promise, guarantee or imply verbally or in writing that any information provided through our websites, commentaries, or reports, in any printed material, or displayed on any of our websites, will result in a profit or loss.

Government regulations require disclosure of the fact that while these methods may have worked in the past, past results are not necessarily indicative of future results. While there is a potential for profits there is also a risk of loss. There is substantial risk in security trading. Losses incurred in connection with trading stocks or futures contracts can be significant. You should therefore carefully consider whether such trading is suitable for you in the light of your financial condition since all speculative trading is inherently risky and should only be undertaken by individuals with adequate risk capital. Neither Americanbulls.com LLC, nor Hindustanbulls.com makes any claims whatsoever regarding past or future performance. All examples, charts, histories, tables, commentaries, or recommendations are for educational or informational purposes only.

Displayed information is based on widely-accepted methods of technical analysis based on candlestick patterns. All information is from sources deemed to be reliable, but there is no guarantee to the accuracy. Long-term investment success relies on recognizing probabilities in price action for possible future outcomes, rather than absolute certainty – risk management is critical for success. Error and uncertainty are part of any form of market analysis. Past performance is no guarantee of future performance. Investment/ trading carries significant risk of loss and you should consult your financial professional before investing or trading. Your financial adviser can give you specific financial advice that is appropriate to your needs, risk-tolerance, and financial position. Any trades or hedges you make are taken at your own risk for your own account.

You agree that Hindustanbulls.com and Americanbulls.com LLC its parent company, subsidiaries, affiliates, officers and employees shall not be liable for any direct, indirect, incidental, special or consequential damages.