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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 2021-11-25 View latest technical analysis

10 day averaged volume of Maha Steel is 3623

Date Daily Closing Price Open High Low Volume
25 Thu Nov 2021 84.90 83.20 84.90 81.05 0.659 times
24 Wed Nov 2021 84.00 83.65 85.20 83.65 0.437 times
23 Tue Nov 2021 83.60 82.15 86.65 81.95 0.386 times
22 Mon Nov 2021 82.80 85.95 86.20 80.95 2.436 times
18 Thu Nov 2021 85.95 86.80 88.90 85.80 0.045 times
17 Wed Nov 2021 86.80 87.90 88.30 86.55 1.03 times
16 Tue Nov 2021 87.05 95.95 95.95 86.45 0.238 times
15 Mon Nov 2021 88.25 89.70 89.70 87.90 0.144 times
12 Fri Nov 2021 89.80 87.30 91.75 87.30 4.278 times
11 Thu Nov 2021 89.05 88.85 89.75 86.65 0.334 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 85.4, but if it comes above 85.4, then a intra day buy could be more profitable.
If you take a sell trade below 85.4, then use 85.4 as stoploss and 82.9 as target. However if you take a buy trade in stock , then use 85.4 as stoploss and 87.48 as target.

Share price targets for Maha Steel (MahaSteel)

Target Type Value
Downside Target 80.95
Downside 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 81.68
Downside Intraday Target 78.47
Upside Intraday Target 87.38
Upside Intraday Target 89.87
Downside Intraday Target 84.17

Weekly technical analysis of Maha Steel (MahaSteel)

Date Weekly Closing Price Open High Low Volume
25 Thu Nov 2021 84.90 85.95 86.65 80.95 2.69 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
25 Thu Nov 2021 84.90 91.95 95.95 80.95 0.488 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 19, 25, 13 Sell
MACD -3, -3Sell
Stochastics 21Sell
CCI -89Sell
RSI 48Sell
OBV 6822Sell
VWAP 87Sell
ADL 0Sell
ROC -4Sell
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 SELL. Signal strength is Weak and stock is gaining momentum.

MACD generated a SELL signal for Maha Steel in short term and the sell signal is strong.

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

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 SELL signal in short term and selling is picking up 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 86.84 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.

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Daily charts

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