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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 2021-09-09 View latest technical analysis

10 day averaged volume of Maha Steel is 6918

Date Daily Closing Price Open High Low Volume
09 Thu Sep 2021 93.80 96.00 96.00 92.30 0.1 times
08 Wed Sep 2021 92.65 90.65 94.75 90.65 1.152 times
07 Tue Sep 2021 94.05 97.60 97.80 93.40 1.987 times
06 Mon Sep 2021 95.30 96.10 97.75 92.60 0.673 times
03 Fri Sep 2021 97.40 92.10 98.70 90.60 2.23 times
02 Thu Sep 2021 92.00 92.70 92.85 91.80 0.2 times
01 Wed Sep 2021 91.70 93.40 95.40 90.50 0.565 times
31 Tue Aug 2021 92.05 94.35 94.35 91.25 0.478 times
30 Mon Aug 2021 94.35 89.50 96.80 89.30 1.354 times
27 Fri Aug 2021 89.50 93.00 93.00 89.30 0.544 times

My analysis of stock is bearish for shortterm, and stock might move down till 90 or till 85. Use a stoploss of 94.09 and if the stock hits stoploss, then it can shoot up till 98.22

Share price targets for Maha Steel (MahaSteel)

Target Type Value
Downside Target 85.00
Downside Target 89.30
Upside Target 95.45
Upside Target 98.70
Upside Target 99.00
Upside Target 104.95
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 90.37
Downside Intraday Target 86.93
Upside Intraday Target 97.52
Upside Intraday Target 101.23
Upside Intraday Target 94.08

Weekly technical analysis of Maha Steel (MahaSteel)

Date Weekly Closing Price Open High Low Volume
09 Thu Sep 2021 93.80 96.10 97.80 90.65 0.81 times
03 Fri Sep 2021 97.40 89.50 98.70 89.30 1.167 times
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

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
09 Thu Sep 2021 93.80 93.40 98.70 90.50 0.17 times
31 Tue Aug 2021 92.05 113.00 116.55 86.50 0.494 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

Scroll below to view daily charts

Price has moved up 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 20, 15, 14 Buy
MACD -2, -2Buy
Stochastics 46None
CCI 33Buy
RSI 60Buy
OBV -10233Sell
VWAP 94Sell
ADL 0Sell
ROC 4Buy
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 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 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 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 BUY. Signal strength is Weak and stock is gaining momentum.

MACD generated a BUY signal for Maha Steel in short term but the buy signal is initial and weak.

MACD line is moving upwards which means that SELL signal is weakening, and buying is picking up momentum.

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 getting stronger in this stock.

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 and BUY 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

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 94.26 and Maha Steel (MahaSteel) stock is trading below this level. This means that stock is falling with high volumes. VWAP is rising upwards.

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 is giving positive returns over a short term period. Returns for a longer term period have been negative.

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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