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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 2021-12-02 View latest technical analysis

10 day averaged volume of Maha Steel is 3303

Date Daily Closing Price Open High Low Volume
02 Thu Dec 2021 79.65 85.00 85.00 78.00 0.432 times
01 Wed Dec 2021 80.00 80.05 82.55 78.75 0.253 times
30 Tue Nov 2021 80.15 80.20 80.60 79.50 0.222 times
29 Mon Nov 2021 80.00 80.05 81.15 75.70 3.011 times
26 Fri Nov 2021 82.80 84.30 84.85 82.00 1.038 times
25 Thu Nov 2021 84.90 83.20 84.90 81.05 0.723 times
24 Wed Nov 2021 84.00 83.65 85.20 83.65 0.48 times
23 Tue Nov 2021 83.60 82.15 86.65 81.95 0.424 times
22 Mon Nov 2021 82.80 85.95 86.20 80.95 2.672 times
18 Thu Nov 2021 85.95 86.80 88.90 85.80 0.049 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 82, but if it comes above 82, then a intra day buy could be more profitable.
If you take a sell trade below 82, then use 82 as stoploss and 77.9 as target. However if you take a buy trade in stock , then use 82 as stoploss and 85.38 as target.

Share price targets for Maha Steel (MahaSteel)

Target Type Value
Downside Target 75.70
Downside Target 78.00
Upside Target 80.95
Upside Target 84.20
Upside Target 89.10
Upside Target 91.95
Upside Target 95.95
Upside Target 98.00
Upside Target 99.90
Upside Target 116.55

Intraday share price targets for Maha Steel (MahaSteel)

Target Type Value
Downside Intraday Target 75.23
Downside Intraday Target 70.82
Upside Intraday Target 84.53
Upside Intraday Target 89.42
Upside Intraday Target 80.12

Weekly technical analysis of Maha Steel (MahaSteel)

Date Weekly Closing Price Open High Low Volume
02 Thu Dec 2021 79.65 80.05 85.00 75.70 0.734 times
26 Fri Nov 2021 82.80 85.95 86.65 80.95 3.339 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

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
02 Thu Dec 2021 79.65 80.05 85.00 78.00 0.036 times
30 Tue Nov 2021 80.15 91.95 95.95 75.70 0.631 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

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 21, 25, 9 Sell
MACD -5, -4Sell
Stochastics 28Sell
CCI -57Buy
RSI 45Sell
OBV -9587Sell
VWAP 82Sell
ADL 0Sell
ROC -8Sell
Force Index 0Sell

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 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 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 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 but BUY signal is weak.

RSI is generating a SELL signal in short term but selling 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 81.89 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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Daily chart

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