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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 2021-07-06 View latest technical analysis

10 day averaged volume of Maha Steel is 7964

Date Daily Closing Price Open High Low Volume
06 Tue Jul 2021 90.00 91.90 92.95 89.40 0.914 times
05 Mon Jul 2021 90.60 96.40 96.40 88.05 3.118 times
02 Fri Jul 2021 94.35 94.70 96.00 93.50 0.368 times
01 Thu Jul 2021 93.95 93.55 95.00 92.20 0.092 times
30 Wed Jun 2021 93.10 95.30 96.40 92.30 0.676 times
29 Tue Jun 2021 95.45 98.80 98.80 92.70 0.666 times
28 Mon Jun 2021 97.80 97.50 109.80 96.20 1.844 times
25 Fri Jun 2021 95.95 91.75 96.95 90.55 1.675 times
24 Thu Jun 2021 91.85 92.30 94.50 90.00 0.745 times
23 Wed Jun 2021 91.95 92.60 95.05 91.85 0.299 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 90.9, but if it comes above 90.9, then a intra day buy could be more profitable.
If you take a sell trade below 90.9, then use 90.9 as stoploss and 87.3 as target. However if you take a buy trade in stock , then use 90.9 as stoploss and 93.86 as target.

Share price targets for Maha Steel (MahaSteel)

Target Type Value
Downside Target 71.25
Downside Target 85.00
Downside Target 88.00
Upside Target 92.20
Upside Target 96.40
Upside Target 98.50
Upside Target 99.00
Upside Target 100.35
Upside Target 104.00
Upside Target 107.00
Upside Target 109.80

Intraday share price targets for Maha Steel (MahaSteel)

Target Type Value
Downside Intraday Target 86.57
Downside Intraday Target 83.13
Upside Intraday Target 94.92
Upside Intraday Target 99.83
Upside Intraday Target 91.48

Weekly technical analysis of Maha Steel (MahaSteel)

Date Weekly Closing Price Open High Low Volume
06 Tue Jul 2021 90.00 96.40 96.40 88.05 1.106 times
02 Fri Jul 2021 94.35 97.50 109.80 92.20 1.039 times
25 Fri Jun 2021 95.95 93.00 96.95 88.55 0.53 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

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
06 Tue Jul 2021 90.00 93.55 96.40 88.05 0.209 times
30 Wed Jun 2021 93.10 88.30 109.80 85.00 1.647 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

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 24, 22, 5 Buy
MACD 1, 2Sell
Stochastics 16Sell
CCI -117Sell
RSI 49Sell
OBV 28000Sell
VWAP 93Sell
ADL 0Sell
ROC -2Sell
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 negative, but sellers have recently become active on the stock. This cannot be called a strong downtrend, specially if selected time duration is small

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 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 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 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 and SELL signal is strong!

RSI is generating a SELL signal in short term but selling 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 93.45 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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