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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 2021-08-13 View latest technical analysis

10 day averaged volume of Maha Steel is 21113

Date Daily Closing Price Open High Low Volume
13 Fri Aug 2021 103.55 104.75 107.05 100.85 0.745 times
12 Thu Aug 2021 102.90 100.65 103.95 99.40 0.244 times
11 Wed Aug 2021 98.15 101.95 102.85 95.55 0.666 times
10 Tue Aug 2021 96.15 106.00 106.00 95.45 0.762 times
09 Mon Aug 2021 104.75 107.25 107.65 102.65 0.876 times
06 Fri Aug 2021 105.55 106.90 109.00 105.00 1.885 times
05 Thu Aug 2021 106.10 108.00 111.05 103.65 2.633 times
04 Wed Aug 2021 107.10 114.70 116.55 105.50 0.43 times
03 Tue Aug 2021 112.50 115.00 115.90 111.25 0.657 times
02 Mon Aug 2021 113.35 113.00 116.55 112.25 0.867 times

My analysis of stock is bearish for shortterm, and stock might move down till 95.9 or till 85.8. Use a stoploss of 104.4 and if the stock hits stoploss, then it can shoot up till 112.85

Share price targets for Maha Steel (MahaSteel)

Target Type Value
Downside Target 71.25
Downside Target 85.00
Downside Target 88.00
Downside Target 93.55
Downside Target 95.45
Downside Target 99.00
Upside Target 103.65
Upside Target 107.00
Upside Target 109.80
Upside Target 114.55
Upside Target 116.55
Upside Target 120.80

Intraday share price targets for Maha Steel (MahaSteel)

Target Type Value
Downside Intraday Target 96.78
Downside Intraday Target 90.02
Upside Intraday Target 108.98
Upside Intraday Target 114.42
Downside Intraday Target 102.22

Weekly technical analysis of Maha Steel (MahaSteel)

Date Weekly Closing Price Open High Low Volume
13 Fri Aug 2021 103.55 107.25 107.65 95.45 0.509 times
06 Fri Aug 2021 105.55 113.00 116.55 103.65 0.733 times
30 Fri Jul 2021 111.70 109.90 120.80 104.30 0.584 times
23 Fri Jul 2021 108.20 89.90 114.55 85.90 21.185 times
16 Fri Jul 2021 89.45 91.80 93.55 88.00 0.346 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
13 Fri Aug 2021 103.55 113.00 116.55 95.45 0.363 times
30 Fri Jul 2021 111.70 93.55 120.80 85.90 3.314 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

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 16, 20, 12 Sell
MACD 4, 5Sell
Stochastics 28Sell
CCI -34Buy
RSI 57Buy
OBV 234561Sell
VWAP 105Sell
ADL 0Sell
ROC -7Sell
Force Index 0Sell

Price action analysis of Maha Steel ( (MahaSteel) ) based on a short term time period is positive, but trend is highly volatile. A longer time period analysis might give a better idea of the trend.

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 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 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 moving up

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

RSI is generating a BUY signal in short term but buying 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 105.4 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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