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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)

10 day averaged volume of Maha Steel is 4021

Date Daily Closing Price Open High Low Volume
23 Mon May 2022 67.60 72.85 72.85 67.00 0.319 times
20 Fri May 2022 69.40 68.40 70.00 67.40 0.35 times
19 Thu May 2022 66.90 69.95 69.95 65.70 0.58 times
18 Wed May 2022 70.10 70.00 74.30 69.00 0.915 times
17 Tue May 2022 68.60 62.30 69.80 60.50 2.109 times
16 Mon May 2022 63.40 67.50 68.65 62.30 1.303 times
13 Fri May 2022 66.95 66.40 68.50 65.20 0.541 times
12 Thu May 2022 66.40 71.50 73.60 65.20 0.617 times
11 Wed May 2022 67.65 70.35 71.25 67.55 0.805 times
10 Tue May 2022 71.20 74.70 74.70 70.10 0.251 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 67.2 as stoploss in an intra day buy trade for a target of 73.86. However, stock will show a bearish move below 67.2.

Share price targets for Maha Steel (MahaSteel)

Target Type Value
Downside Target 60.50
Downside Target 65.10
Downside Target 67.00
Upside Target 70.80
Upside Target 72.85
Upside Target 77.20
Upside Target 79.75
Upside Target 82.65
Upside Target 89.80
Upside Target 93.15
Upside Target 94.00
Upside Target 95.00

Intraday share price targets for Maha Steel (MahaSteel)

Target Type Value
Downside Intraday Target 65.45
Downside Intraday Target 63.3
Upside Intraday Target 71.3
Upside Intraday Target 75
Upside Intraday Target 69.15

Weekly technical analysis of Maha Steel (MahaSteel)

Date Weekly Closing Price Open High Low Volume
23 Mon May 2022 67.60 72.85 72.85 67.00 0.061 times
20 Fri May 2022 69.40 67.50 74.30 60.50 1.109 times
13 Fri May 2022 66.95 79.75 79.75 65.20 1.244 times
06 Fri May 2022 75.15 82.05 82.65 73.00 0.776 times
29 Fri Apr 2022 80.70 87.05 89.80 77.20 0.816 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
23 Mon May 2022 67.60 82.05 82.65 60.50 0.56 times
29 Fri Apr 2022 80.70 71.05 94.00 70.80 1.415 times
31 Thu Mar 2022 70.00 73.00 78.15 67.50 0.85 times
28 Mon Feb 2022 71.10 85.25 95.00 65.10 0.813 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 17, 20, 8 Sell
MACD -5, -5Sell
Stochastics 43None
CCI 31Buy
RSI 51Buy
OBV -37553Sell
VWAP 67Buy
ADL 0Sell
ROC -9Sell
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 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 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

ADX buy sell signal for Maha Steel stock for short term is SELL. Signal strength is Weak 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 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 buy signal for Maha Steel in short term and BUY signal is strong.

RSI is generating a BUY signal in short term and the buying is gaining 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 67.47 and Maha Steel (MahaSteel) stock is trading above this level. This is a good sign for the stock and it could move higher. 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 negative.

Force Index is moving in a negative zone, which indicates selling momentum for short term... Selling momentum is getting weaker.

Click here for Maha Steel charts

Click here for further forecast and predictions for tomorrow

Daily charts

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Daily chart

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