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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 2021-08-27 View latest technical analysis

10 day averaged volume of Maha Steel is 7878

Date Daily Closing Price Open High Low Volume
27 Fri Aug 2021 89.50 93.00 93.00 89.30 0.477 times
26 Thu Aug 2021 90.50 91.25 91.70 88.95 0.717 times
25 Wed Aug 2021 90.20 89.75 94.10 89.70 0.754 times
24 Tue Aug 2021 89.60 96.75 96.75 87.60 1.358 times
23 Mon Aug 2021 90.05 92.20 93.10 86.60 0.326 times
20 Fri Aug 2021 90.35 86.50 95.00 86.50 0.405 times
18 Wed Aug 2021 94.15 101.35 101.45 92.85 1.286 times
17 Tue Aug 2021 98.30 100.85 101.10 97.00 1.082 times
16 Mon Aug 2021 99.40 104.95 104.95 98.65 1.421 times
13 Fri Aug 2021 103.55 104.75 107.05 100.85 1.997 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 91.7, but if it comes above 91.7, then a intra day buy could be more profitable.
If you take a sell trade below 91.7, then use 91.7 as stoploss and 82.1 as target. However if you take a buy trade in stock , then use 91.7 as stoploss and 99.69 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 85.15
Downside Intraday Target 80.8
Upside Intraday Target 95.3
Upside Intraday Target 101.1
Upside Intraday Target 90.95

Weekly technical analysis of Maha Steel (MahaSteel)

Date Weekly Closing Price Open High Low Volume
27 Fri Aug 2021 89.50 92.20 96.75 86.60 0.866 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 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
27 Fri Aug 2021 89.50 113.00 116.55 86.50 0.472 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 13, 22, 26 Sell
MACD -4, -2Sell
Stochastics 17Sell
CCI -57Buy
RSI 56Buy
OBV -104906Sell
VWAP 96Sell
ADL 0Sell
ROC -13Sell
Force Index 0Sell

Price action analysis of Maha Steel ( (MahaSteel) ) based on a short term time period is negative, but trend is highly volatile. A longer duration price action analysis might give a better picture of the trend in this stock.

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 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 losing 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 buy signal for Maha Steel in short term but BUY signal is weak.

RSI is generating a BUY signal in short term and the buying is gaining 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 95.56 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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