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(MahaSteel) Maha Steel complete technical analysis [charts+indicators] | Buy/Sell Maha Steel | (MahaSteel) share price targets

Complete technical analysis of Maha Steel (MahaSteel) by charts plus indicators, forecast predictions and share price targets for Maha Steel (MahaSteel)

10 day averaged volume of Maha Steel is 6018

Date Daily Closing Price Open High Low Volume
03 Fri Feb 2023 60.15 61.30 62.90 59.80 0.781 times
02 Thu Feb 2023 61.85 64.50 66.90 60.30 1.966 times
01 Wed Feb 2023 62.05 66.65 67.50 59.85 1.371 times
31 Tue Jan 2023 66.20 77.00 77.00 65.45 1.028 times
30 Mon Jan 2023 66.80 65.30 70.00 65.30 0.646 times
27 Fri Jan 2023 67.90 70.10 70.10 67.50 1.879 times
25 Wed Jan 2023 68.75 69.90 69.90 67.95 0.345 times
24 Tue Jan 2023 70.75 70.75 71.15 70.00 0.274 times
23 Mon Jan 2023 70.80 71.80 72.80 70.20 0.245 times
20 Fri Jan 2023 71.50 70.00 74.45 69.85 1.942 times

Although my analysis for stock is bearish for shortterm, but stock is in heavy over sold zones and there are high chances of some recovery tomorrow. You might want to buy the stock tomorrow in intra day with a stoploss of 61.1, for a target of 65.3 or 68.86

Share price targets for Maha Steel (MahaSteel)

Target Type Value
Downside Target 59.50
Upside Target 63.55
Upside Target 65.15
Upside Target 67.50
Upside Target 69.80
Upside Target 72.75
Upside Target 73.00
Upside Target 74.15
Upside Target 74.45
Upside Target 74.50
Upside Target 77.00

Intraday share price targets for Maha Steel (MahaSteel)

Target Type Value
Downside Intraday Target 54.3
Downside Intraday Target 48.45
Upside Intraday Target 71.5
Upside Intraday Target 82.85
Upside Intraday Target 65.65

Weekly technical analysis of Maha Steel (MahaSteel)

Date Weekly Closing Price Open High Low Volume
03 Fri Feb 2023 60.15 65.30 77.00 59.80 2.112 times
27 Fri Jan 2023 67.90 71.80 72.80 67.50 0.811 times
20 Fri Jan 2023 71.50 71.85 74.45 69.80 1.002 times
13 Fri Jan 2023 71.00 70.00 73.00 70.00 0.923 times
06 Fri Jan 2023 70.20 70.95 74.50 68.00 0.211 times

Price has moved down this week, and volume has increased substantially. This means that the move can continue in coming weeks.

Monthly technical analysis of Maha Steel (MahaSteel)

Date Monthly Closing Price Open High Low Volume
03 Fri Feb 2023 60.15 66.65 67.50 59.80 0.278 times
31 Tue Jan 2023 66.20 70.95 77.00 65.30 0.51 times
30 Fri Dec 2022 70.95 68.90 77.00 59.50 2.328 times
30 Wed Nov 2022 68.50 69.40 72.75 65.15 2.032 times

Scroll below to view daily charts

Price has moved down this month, but volume has not increased substantially. This means that the move can be temporary and might not continue in coming months.

Indicators analysis of Maha Steel (MahaSteel)

Indicator Name Indicator Value Indicator Signal
ADX 18, 23, 13 Sell
MACD -3, -1Sell
Stochastics 9Sell
CCI -140Sell
RSI 52Buy
OBV -25342Sell
VWAP 66Sell
ADL 0Sell
ROC -15Sell
Force Index 0Sell

Price action analysis of Maha Steel ( (MahaSteel) ) based on a short term time period is definitely negative. This means that there is a strong downtrend in the stock for given time period. Sellers are extremely active on this stock.

Price action analysis of Maha Steel ( (MahaSteel) ) based on a short term time period is definitely negative. This means that there is a strong downtrend in the stock for given time period. Sellers are extremely active on this stock.

Price action analysis of Maha Steel ( (MahaSteel) ) based on a short to mid term time period is definitely negative. This means that there is a strong downtrend in the stock for given time period. Sellers are extremely active on this stock.

Price action analysis of Maha Steel ( (MahaSteel) ) based on a mid to longer term time period is definitely negative. This means that there is a strong downtrend in the stock for given time period. Sellers are extremely active on this stock.

ADX buy sell signal for Maha Steel stock for short term is SELL. Signal strength is Weak and stock is gaining momentum.

MACD generated a SELL signal for Maha Steel in short term and the sell signal is strong.

Maha Steel Stock is trading near its recent LOWS in short term which reflects strong selling momentum. Bears are getting stronger in this stock.

Ichimoku cloud is of green color and prices are in or below the green cloud Prices appear to be coming down

CCI has generated a SELL signal for Maha Steel in short term and SELL signal is strong!

RSI is generating a BUY signal in short term but buying is losing momentum.

MRSI is in negative zone. This is the SELL zone

Although the stock is in the SELL zone, but selling might be slowing down

Stock of Maha Steel is picking up selling momentum according to indicator.

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 66.02 and Maha Steel (MahaSteel) stock is trading below this level. This means that stock is falling with high volumes. VWAP is falling down

People seem to be coming out and selling the Maha Steel (MahaSteel) stock. Volume based technical analysis of Maha Steel (MahaSteel) stock is negative.

Maha Steel Stock has given negative returns over a short term period. Returns for a longer term period have been negative.

Force Index is moving in a negative zone, which indicates selling momentum for short term... Selling momentum is getting weaker.

Click here for Maha Steel charts

Click here for further forecast and predictions for tomorrow

Daily charts

Daily Technical Analysis Weekly Analysis Monthly Analysis Renko chart MACD chart Bollinger Bands chart Stochastics charts Force Index charts

Daily chart

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