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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 2021-06-09 View latest technical analysis

10 day averaged volume of Maha Steel is 4145

Date Daily Closing Price Open High Low Volume
09 Wed Jun 2021 88.95 90.60 91.75 88.30 2.55 times
08 Tue Jun 2021 89.30 90.50 92.25 88.85 0.881 times
07 Mon Jun 2021 91.20 93.05 97.10 90.00 1.06 times
04 Fri Jun 2021 92.85 89.05 95.00 89.05 1.546 times
03 Thu Jun 2021 88.95 87.80 90.55 85.00 1.245 times
02 Wed Jun 2021 87.70 88.00 88.25 85.50 0.379 times
01 Tue Jun 2021 86.75 88.30 88.30 86.55 0.774 times
31 Mon May 2021 88.45 88.50 89.95 86.40 1.608 times
28 Fri May 2021 87.85 90.65 92.15 87.35 0.351 times
27 Thu May 2021 91.00 92.15 92.15 89.05 1.196 times

Stock of Maha Steel (MahaSteel) has showed a significant fall. This could be a good time to exit from this stock.

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 88.2 as stoploss in an intra day buy trade for a target of 89.87. However, stock will show a bearish move below 88.2.

Share price targets for Maha Steel (MahaSteel)

Target Type Value
Downside Target 71.25
Downside Target 85.00
Upside Target 92.60
Upside Target 95.00
Upside Target 97.10
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 85.8
Downside Intraday Target 82.65
Upside Intraday Target 94.6
Upside Intraday Target 100.25
Upside Intraday Target 91.45

Weekly technical analysis of Maha Steel (MahaSteel)

Date Weekly Closing Price Open High Low Volume
09 Wed Jun 2021 88.95 93.05 97.10 88.30 0.809 times
04 Fri Jun 2021 92.85 88.50 95.00 85.00 0.942 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

Price has moved down 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
09 Wed Jun 2021 88.95 88.30 97.10 85.00 0.336 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 21, 13, 22 Buy
MACD 0, 0Sell
Stochastics 40None
CCI 5Sell
RSI 54Buy
OBV -4682Sell
VWAP 90Sell
ADL 0Sell
ROC -2Sell
Force Index 0Sell

Price action analysis of Maha Steel ( (MahaSteel) ) based on a short term time period is negative, but trend is highly volatile. A longer duration price action analysis might give a better picture of the trend in this stock.

Price action analysis of Maha Steel ( (MahaSteel) ) based on a short term time period is definitely positive! This means that there is a strong uptrend in the stock for the given time period. Buyers are extremely bullish on the stock.

Price action analysis of Maha Steel ( (MahaSteel) ) based on a short to mid term time period is definitely positive! This means that there is a strong uptrend in the stock for the given time period. Buyers are extremely bullish on the stock.

Price action analysis of Maha Steel ( (MahaSteel) ) based on a mid to longer term time period is definitely positive! This means that there is a strong uptrend in the stock for the given time period. Buyers are extremely bullish on the stock.

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

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

Maha Steel Stock in short term is moving inside a range for now. Please check in a day or two to for a better buy sell signal. Bears are getting stronger in this stock.

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

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

RSI is generating a BUY signal in short term and the buying is gaining momentum.

MRSI is in positive zone. This is a BUY zone

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

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 89.62 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.

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Daily charts

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