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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)

Showing technical analysis as on 2021-06-03 View latest technical analysis

10 day averaged volume of Maha Steel is 3919

Date Daily Closing Price Open High Low Volume
03 Thu Jun 2021 88.95 87.80 90.55 85.00 1.316 times
02 Wed Jun 2021 87.70 88.00 88.25 85.50 0.401 times
01 Tue Jun 2021 86.75 88.30 88.30 86.55 0.818 times
31 Mon May 2021 88.45 88.50 89.95 86.40 1.7 times
28 Fri May 2021 87.85 90.65 92.15 87.35 0.371 times
27 Thu May 2021 91.00 92.15 92.15 89.05 1.265 times
26 Wed May 2021 90.50 92.00 92.85 90.00 1.016 times
25 Tue May 2021 91.05 89.50 92.00 87.00 2.284 times
24 Mon May 2021 89.85 89.00 90.80 86.20 1.294 times
21 Fri May 2021 87.90 90.90 90.90 87.00 0.327 times

My analysis of stock is bearish for shortterm, but stock is semi over sold and there are some chances of seeing a recovery tomorrow. Use 88.1 as stoploss in an intra day buy trade for a target of 90.35. However, stock will show a bearish move below 88.1.

Share price targets for Maha Steel (MahaSteel)

Target Type Value
Downside Target 71.25
Downside Target 85.00
Upside Target 89.30
Upside Target 92.60
Upside Target 92.85
Upside Target 94.50
Upside Target 95.00
Upside Target 99.00
Upside Target 100.35
Upside Target 107.00
Upside Target 116.70

Intraday share price targets for Maha Steel (MahaSteel)

Target Type Value
Downside Intraday Target 85.78
Downside Intraday Target 82.62
Upside Intraday Target 91.33
Upside Intraday Target 93.72
Downside Intraday Target 88.17

Weekly technical analysis of Maha Steel (MahaSteel)

Date Weekly Closing Price Open High Low Volume
03 Thu Jun 2021 88.95 88.50 90.55 85.00 0.68 times
28 Fri May 2021 87.85 89.00 92.85 86.20 1.89 times
21 Fri May 2021 87.90 93.85 94.50 87.00 0.316 times
14 Fri May 2021 92.40 93.45 99.00 89.30 2.141 times
07 Fri May 2021 91.90 94.80 95.00 87.25 0.188 times

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

Monthly technical analysis of Maha Steel (MahaSteel)

Date Monthly Closing Price Open High Low Volume
03 Thu Jun 2021 88.95 88.30 90.55 85.00 0.096 times
31 Mon May 2021 88.45 94.80 99.00 86.20 0.558 times
30 Fri Apr 2021 92.25 83.05 107.00 71.25 1.589 times
31 Wed Mar 2021 83.10 100.35 100.35 72.55 2.108 times

Scroll below to view daily charts

Price has moved up 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 16, 16, 0 Sell
MACD -0, 0Sell
Stochastics 30Sell
CCI -48Buy
RSI 49Sell
OBV 32058Sell
VWAP 90Sell
ADL 0Sell
ROC -0Sell
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

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

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

MACD line is moving upwards which means that SELL signal is weakening, and buying is picking up momentum.

Maha Steel Stock is trading near its recent LOWS in short term which reflects strong selling momentum. Bears are weakening, and bulls are picking up momentum!

Ichimoku cloud is of red color and prices are in or above the red cloud Prices appear to be moving up

CCI has generated a buy signal for Maha Steel in short term but BUY signal is weak.

RSI is generating a SELL signal in short term and selling is picking up 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 89.53 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 positive

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

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Daily charts

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