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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 2021-11-22 View latest technical analysis

10 day averaged volume of Maha Steel is 2977

Date Daily Closing Price Open High Low Volume
22 Mon Nov 2021 82.80 85.95 86.20 80.95 2.964 times
18 Thu Nov 2021 85.95 86.80 88.90 85.80 0.054 times
17 Wed Nov 2021 86.80 87.90 88.30 86.55 1.253 times
16 Tue Nov 2021 87.05 95.95 95.95 86.45 0.29 times
15 Mon Nov 2021 88.25 89.70 89.70 87.90 0.176 times
12 Fri Nov 2021 89.80 87.30 91.75 87.30 5.207 times
11 Thu Nov 2021 89.05 88.85 89.75 86.65 0.406 times
10 Wed Nov 2021 88.40 88.60 89.30 87.85 0.819 times
09 Tue Nov 2021 88.60 89.50 89.75 88.60 0.596 times
08 Mon Nov 2021 88.80 91.05 91.95 86.60 1.054 times

Stock of Maha Steel (MahaSteel) has showed a significant fall. This could be a good time to exit from this stock.

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 84.3, for a target of 86.3 or 87.92

Share price targets for Maha Steel (MahaSteel)

Target Type Value
Downside Target 80.95
Upside Target 84.20
Upside Target 89.10
Upside Target 91.95
Upside Target 93.30
Upside Target 95.95
Upside Target 98.00
Upside Target 99.90
Upside Target 116.55
Upside Target 120.80

Intraday share price targets for Maha Steel (MahaSteel)

Target Type Value
Downside Intraday Target 80.43
Downside Intraday Target 78.07
Upside Intraday Target 85.68
Upside Intraday Target 88.57
Upside Intraday Target 83.32

Weekly technical analysis of Maha Steel (MahaSteel)

Date Weekly Closing Price Open High Low Volume
22 Mon Nov 2021 82.80 85.95 86.20 80.95 1.672 times
18 Thu Nov 2021 85.95 89.70 95.95 85.80 0.219 times
12 Fri Nov 2021 89.80 91.05 91.95 86.60 5.106 times
04 Thu Nov 2021 88.20 91.95 91.95 85.55 0.159 times
29 Fri Oct 2021 87.70 88.75 93.30 84.20 2.024 times

Price has moved down this week, and volume has increased substantially. This means that the move can continue in coming weeks.

Monthly technical analysis of Maha Steel (MahaSteel)

Date Monthly Closing Price Open High Low Volume
22 Mon Nov 2021 82.80 91.95 95.95 80.95 0.434 times
29 Fri Oct 2021 87.70 93.50 98.00 84.20 0.681 times
30 Thu Sep 2021 93.40 93.40 99.90 89.10 0.517 times
31 Tue Aug 2021 92.05 113.00 116.55 86.50 0.494 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 25, 24, 2 Buy
MACD -3, -2Sell
Stochastics 9Sell
CCI -234Sell
RSI 51Buy
OBV -7097Sell
VWAP 88Sell
ADL 0Sell
ROC -6Sell
Force Index 0Sell

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 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 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 BUY. 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 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 87.54 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 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

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Daily charts

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Daily chart

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