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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 2022-04-12 View latest technical analysis

10 day averaged volume of Maha Steel is 5738

Date Daily Closing Price Open High Low Volume
12 Tue Apr 2022 84.55 82.75 85.95 82.15 0.92 times
11 Mon Apr 2022 84.00 84.80 84.85 82.15 0.783 times
08 Fri Apr 2022 84.55 80.00 86.90 80.00 2.154 times
07 Thu Apr 2022 79.85 80.35 82.00 78.60 1.044 times
06 Wed Apr 2022 81.80 80.85 83.25 77.75 0.667 times
05 Tue Apr 2022 77.40 77.05 79.30 74.00 1.01 times
04 Mon Apr 2022 74.00 72.15 74.65 72.15 0.964 times
01 Fri Apr 2022 71.45 71.05 71.60 70.80 0.608 times
31 Thu Mar 2022 70.00 70.65 71.35 69.60 0.919 times
30 Wed Mar 2022 70.75 71.70 71.95 70.70 0.825 times

Although my analysis for stock is bullish for shortterm, but stock is over bought and there are high chances of some profit booking tomorrow. You might want to sell the stock tomorrow in intra day with a stoploss of 85.8, for a target of 79.8 or 74.84

Share price targets for Maha Steel (MahaSteel)

Target Type Value
Downside Target 65.10
Downside Target 67.50
Downside Target 69.60
Downside Target 74.95
Downside Target 77.35
Downside Target 82.15
Upside Target 85.95
Upside Target 86.90
Upside Target 89.95
Upside Target 93.15
Upside Target 95.00

Intraday share price targets for Maha Steel (MahaSteel)

Target Type Value
Downside Intraday Target 82.48
Downside Intraday Target 80.42
Upside Intraday Target 86.28
Upside Intraday Target 88.02
Downside Intraday Target 84.22

Weekly technical analysis of Maha Steel (MahaSteel)

Date Weekly Closing Price Open High Low Volume
12 Tue Apr 2022 84.55 84.80 85.95 82.15 0.292 times
08 Fri Apr 2022 84.55 72.15 86.90 72.15 1.267 times
01 Fri Apr 2022 71.45 72.50 72.80 69.60 1.218 times
25 Fri Mar 2022 71.60 74.60 74.95 70.25 1.624 times
17 Thu Mar 2022 72.85 74.65 78.15 70.50 1.366 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
12 Tue Apr 2022 84.55 71.05 86.90 70.80 0.652 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
31 Mon Jan 2022 84.95 86.05 93.15 77.35 1.549 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 40, 7, 72 Buy
MACD 3, 1Buy
Stochastics 85Buy
CCI 89Buy
RSI 60Buy
OBV -846Sell
VWAP 79Buy
ADL 0Sell
ROC 18Buy
Force Index 0Sell

Price action analysis of Maha Steel ( (MahaSteel) ) based on a short term time period is definitely positive! This means that there is a strong uptrend in the stock for the given time period. Buyers are extremely bullish on the stock.

Price action analysis of Maha Steel ( (MahaSteel) ) based on a short term time period is definitely positive! This means that there is a strong uptrend in the stock for the given time period. Buyers are extremely bullish on the stock.

Price action analysis of Maha Steel ( (MahaSteel) ) based on a short to mid term time period is definitely positive! This means that there is a strong uptrend in the stock for the given time period. Buyers are extremely bullish on the 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 BUY. Signal strength is Strong and stock is gaining momentum.

MACD generated a BUY signal for Maha Steel in short term and the buy 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 HIGHS, which reflects strong buying momentum in short term! Bulls are getting stronger in this stock.

Ichimoku cloud is of green color and prices are above the green 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 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 78.76 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 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 positive

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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