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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 2021-06-24 View latest technical analysis

10 day averaged volume of Maha Steel is 9170

Date Daily Closing Price Open High Low Volume
24 Thu Jun 2021 91.85 92.30 94.50 90.00 0.647 times
23 Wed Jun 2021 91.95 92.60 95.05 91.85 0.26 times
22 Tue Jun 2021 91.40 91.00 95.50 90.00 0.45 times
21 Mon Jun 2021 91.10 93.00 93.00 88.55 0.237 times
18 Fri Jun 2021 93.25 95.35 95.70 89.20 0.444 times
17 Thu Jun 2021 94.55 94.40 97.60 93.95 0.505 times
16 Wed Jun 2021 95.80 101.55 101.90 95.15 0.583 times
15 Tue Jun 2021 100.35 99.95 104.00 99.50 0.835 times
14 Mon Jun 2021 99.05 99.90 102.00 94.00 3.386 times
11 Fri Jun 2021 95.90 91.70 98.50 91.50 1.891 times

My analysis of stock is bearish for shortterm, and stock might move down till 88.3 or till 84. Use a stoploss of 91.96 and if the stock hits stoploss, then it can shoot up till 95.58

Share price targets for Maha Steel (MahaSteel)

Target Type Value
Downside Target 71.25
Downside Target 85.00
Downside Target 88.00
Upside Target 92.60
Upside Target 95.00
Upside Target 98.50
Upside Target 99.00
Upside Target 100.35
Upside Target 104.00
Upside Target 107.00
Upside Target 116.70

Intraday share price targets for Maha Steel (MahaSteel)

Target Type Value
Downside Intraday Target 88.43
Downside Intraday Target 85.02
Upside Intraday Target 95.38
Upside Intraday Target 98.92
Upside Intraday Target 91.97

Weekly technical analysis of Maha Steel (MahaSteel)

Date Weekly Closing Price Open High Low Volume
24 Thu Jun 2021 91.85 93.00 95.50 88.55 0.277 times
18 Fri Jun 2021 93.25 99.90 104.00 89.20 1.079 times
11 Fri Jun 2021 95.90 93.05 98.50 88.00 2.124 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

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
24 Thu Jun 2021 91.85 88.30 104.00 85.00 1.275 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 20, 20, 1 Sell
MACD 1, 2Sell
Stochastics 22Sell
CCI -69Sell
RSI 53Buy
OBV 54816Sell
VWAP 97Sell
ADL 0Sell
ROC -0Sell
Force Index 0Sell

Price action analysis of Maha Steel ( (MahaSteel) ) based on a short term time period is positive, but buyers have become active on the stock recently. This cannot be a definite uptrend, specially if selected time duration is small.

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 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 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 but the sell signal is initial and weak.

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 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 and the buying is gaining 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 96.51 and Maha Steel (MahaSteel) stock is trading below this level. This means that stock is falling with high volumes. VWAP is rising upwards.

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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Daily chart

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