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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 2021-08-26 View latest technical analysis

10 day averaged volume of Maha Steel is 8720

Date Daily Closing Price Open High Low Volume
26 Thu Aug 2021 90.50 91.25 91.70 88.95 0.648 times
25 Wed Aug 2021 90.20 89.75 94.10 89.70 0.681 times
24 Tue Aug 2021 89.60 96.75 96.75 87.60 1.227 times
23 Mon Aug 2021 90.05 92.20 93.10 86.60 0.294 times
20 Fri Aug 2021 90.35 86.50 95.00 86.50 0.365 times
18 Wed Aug 2021 94.15 101.35 101.45 92.85 1.162 times
17 Tue Aug 2021 98.30 100.85 101.10 97.00 0.978 times
16 Mon Aug 2021 99.40 104.95 104.95 98.65 1.284 times
13 Fri Aug 2021 103.55 104.75 107.05 100.85 1.804 times
12 Thu Aug 2021 102.90 100.65 103.95 99.40 0.59 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 92.7, but if it comes above 92.7, then a intra day buy could be more profitable.
If you take a sell trade below 92.7, then use 92.7 as stoploss and 82.7 as target. However if you take a buy trade in stock , then use 92.7 as stoploss and 100.95 as target.

Share price targets for Maha Steel (MahaSteel)

Target Type Value
Downside Target 71.25
Downside Target 85.00
Upside Target 95.45
Upside Target 99.00
Upside Target 103.65
Upside Target 107.00
Upside Target 107.65
Upside Target 109.80
Upside Target 116.55
Upside Target 120.80

Intraday share price targets for Maha Steel (MahaSteel)

Target Type Value
Downside Intraday Target 85.82
Downside Intraday Target 81.13
Upside Intraday Target 95.97
Upside Intraday Target 101.43
Upside Intraday Target 91.28

Weekly technical analysis of Maha Steel (MahaSteel)

Date Weekly Closing Price Open High Low Volume
26 Thu Aug 2021 90.50 92.20 96.75 86.60 0.752 times
20 Fri Aug 2021 90.35 104.95 104.95 86.50 0.475 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

Price has moved up 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
26 Thu Aug 2021 90.50 113.00 116.55 86.50 0.465 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, 24, 33 Sell
MACD -3, -1Sell
Stochastics 18Sell
CCI -71Sell
RSI 54Buy
OBV -117037Sell
VWAP 96Sell
ADL 0Sell
ROC -8Sell
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 negative, but sellers have recently become active on the stock. This cannot be called a strong downtrend, specially if selected time duration is small

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 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 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 96.33 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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Daily chart

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