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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 2021-08-18 View latest technical analysis

10 day averaged volume of Maha Steel is 19373

Date Daily Closing Price Open High Low Volume
18 Wed Aug 2021 94.15 101.35 101.45 92.85 0.523 times
17 Tue Aug 2021 98.30 100.85 101.10 97.00 0.44 times
16 Mon Aug 2021 99.40 104.95 104.95 98.65 0.578 times
13 Fri Aug 2021 103.55 104.75 107.05 100.85 0.812 times
12 Thu Aug 2021 102.90 100.65 103.95 99.40 0.266 times
11 Wed Aug 2021 98.15 101.95 102.85 95.55 0.726 times
10 Tue Aug 2021 96.15 106.00 106.00 95.45 0.831 times
09 Mon Aug 2021 104.75 107.25 107.65 102.65 0.955 times
06 Fri Aug 2021 105.55 106.90 109.00 105.00 2.054 times
05 Thu Aug 2021 106.10 108.00 111.05 103.65 2.87 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 92, for a target of 99.5 or 105.75

Share price targets for Maha Steel (MahaSteel)

Target Type Value
Downside Target 71.25
Downside Target 85.00
Downside Target 92.85
Upside Target 95.45
Upside Target 99.00
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 89.68
Downside Intraday Target 85.22
Upside Intraday Target 101.78
Upside Intraday Target 109.42
Upside Intraday Target 97.32

Weekly technical analysis of Maha Steel (MahaSteel)

Date Weekly Closing Price Open High Low Volume
18 Wed Aug 2021 94.15 104.95 104.95 92.85 0.429 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
18 Wed Aug 2021 94.15 113.00 116.55 92.85 0.416 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 12, 26, 37 Sell
MACD 1, 3Sell
Stochastics 13Sell
CCI -125Sell
RSI 55Buy
OBV 206113Sell
VWAP 103Sell
ADL 0Sell
ROC -12Sell
Force Index 0Sell

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 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 Strong 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 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 BUY signal in short term but buying is losing 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 102.82 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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Daily chart

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