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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 2021-07-20 View latest technical analysis

10 day averaged volume of Maha Steel is 3446

Date Daily Closing Price Open High Low Volume
20 Tue Jul 2021 86.90 90.00 92.00 85.90 0.424 times
19 Mon Jul 2021 88.45 89.90 90.05 88.05 0.209 times
16 Fri Jul 2021 89.45 89.65 90.30 88.00 0.928 times
15 Thu Jul 2021 89.90 90.20 90.35 88.50 0.73 times
14 Wed Jul 2021 89.35 89.95 90.85 88.75 0.702 times
13 Tue Jul 2021 90.05 91.35 92.35 89.55 1.072 times
12 Mon Jul 2021 91.35 91.80 93.55 90.15 0.938 times
09 Fri Jul 2021 92.05 90.25 92.20 87.20 1.37 times
08 Thu Jul 2021 91.65 91.90 92.90 90.80 0.861 times
07 Wed Jul 2021 91.25 91.00 93.55 90.05 1.078 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 86, for a target of 89.1 or 91.77

Share price targets for Maha Steel (MahaSteel)

Target Type Value
Downside Target 71.25
Downside Target 85.00
Upside Target 92.00
Upside Target 96.40
Upside Target 96.95
Upside Target 99.00
Upside Target 100.35
Upside Target 107.00
Upside Target 109.80

Intraday share price targets for Maha Steel (MahaSteel)

Target Type Value
Downside Intraday Target 84.53
Downside Intraday Target 82.17
Upside Intraday Target 90.63
Upside Intraday Target 94.37
Upside Intraday Target 88.27

Weekly technical analysis of Maha Steel (MahaSteel)

Date Weekly Closing Price Open High Low Volume
20 Tue Jul 2021 86.90 89.90 92.00 85.90 0.145 times
16 Fri Jul 2021 89.45 91.80 93.55 88.00 0.346 times
09 Fri Jul 2021 92.05 96.40 96.40 87.20 1.499 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

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
20 Tue Jul 2021 86.90 93.55 96.40 85.90 0.376 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 14, 24, 26 Sell
MACD -1, -1Sell
Stochastics 19Sell
CCI -120Sell
RSI 49Sell
OBV -11338Sell
VWAP 91Sell
ADL 0Sell
ROC -3Sell
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 Strong 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 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 and selling is picking up momentum.

MRSI is in negative zone. This is the SELL 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 90.51 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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Daily chart

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