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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 2021-08-16 View latest technical analysis

10 day averaged volume of Maha Steel is 20618

Date Daily Closing Price Open High Low Volume
16 Mon Aug 2021 99.40 104.95 104.95 98.65 0.543 times
13 Fri Aug 2021 103.55 104.75 107.05 100.85 0.763 times
12 Thu Aug 2021 102.90 100.65 103.95 99.40 0.25 times
11 Wed Aug 2021 98.15 101.95 102.85 95.55 0.682 times
10 Tue Aug 2021 96.15 106.00 106.00 95.45 0.781 times
09 Mon Aug 2021 104.75 107.25 107.65 102.65 0.897 times
06 Fri Aug 2021 105.55 106.90 109.00 105.00 1.93 times
05 Thu Aug 2021 106.10 108.00 111.05 103.65 2.697 times
04 Wed Aug 2021 107.10 114.70 116.55 105.50 0.441 times
03 Tue Aug 2021 112.50 115.00 115.90 111.25 0.673 times

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 97.1 as stoploss in an intra day buy trade for a target of 104.9. However, stock will show a bearish move below 97.1.

Share price targets for Maha Steel (MahaSteel)

Target Type Value
Downside Target 71.25
Downside Target 85.00
Downside Target 95.45
Downside Target 98.65
Upside Target 103.65
Upside Target 107.65
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 97.05
Downside Intraday Target 94.7
Upside Intraday Target 103.35
Upside Intraday Target 107.3
Upside Intraday Target 101

Weekly technical analysis of Maha Steel (MahaSteel)

Date Weekly Closing Price Open High Low Volume
16 Mon Aug 2021 99.40 104.95 104.95 98.65 0.161 times
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

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
16 Mon Aug 2021 99.40 113.00 116.55 95.45 0.383 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 14, 21, 20 Sell
MACD 3, 5Sell
Stochastics 30None
CCI -66Sell
RSI 55Buy
OBV 220854Sell
VWAP 104Sell
ADL 0Sell
ROC -12Sell
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 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 gaining 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 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 but buying is losing 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 104.33 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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