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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 2022-04-27 View latest technical analysis

10 day averaged volume of Maha Steel is 5787

Date Daily Closing Price Open High Low Volume
27 Wed Apr 2022 82.30 84.05 84.05 80.70 0.522 times
26 Tue Apr 2022 83.75 82.85 85.50 82.80 0.331 times
25 Mon Apr 2022 85.30 87.05 89.80 84.95 1.932 times
22 Fri Apr 2022 87.90 94.00 94.00 87.00 0.504 times
21 Thu Apr 2022 87.25 90.00 90.00 83.15 1.088 times
20 Wed Apr 2022 84.70 85.45 86.70 83.05 0.204 times
19 Tue Apr 2022 84.95 88.25 90.35 83.05 1.929 times
18 Mon Apr 2022 86.00 89.20 89.25 85.55 0.458 times
13 Wed Apr 2022 89.15 85.50 91.75 83.40 1.866 times
12 Tue Apr 2022 84.55 82.75 85.95 82.15 0.912 times

My analysis of stock is bullish for shortterm, and stock might move up till 87.1 or till 94.5. Use a stoploss of 81.05 and if this stock hits its stoploss, then it can fall down till 74.96

Share price targets for Maha Steel (MahaSteel)

Target Type Value
Downside Target 65.10
Downside Target 67.50
Downside Target 69.60
Downside Target 75.20
Downside Target 77.35
Downside Target 80.70
Upside Target 86.90
Upside Target 89.80
Upside Target 89.95
Upside Target 91.75
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 78.73
Downside Intraday Target 75.17
Upside Intraday Target 87.83
Upside Intraday Target 93.37
Upside Intraday Target 84.27

Weekly technical analysis of Maha Steel (MahaSteel)

Date Weekly Closing Price Open High Low Volume
27 Wed Apr 2022 82.30 87.05 89.80 80.70 0.666 times
22 Fri Apr 2022 87.90 89.20 94.00 83.05 1.177 times
13 Wed Apr 2022 89.15 84.80 91.75 82.15 0.614 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

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
27 Wed Apr 2022 82.30 71.05 94.00 70.80 1.364 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 29, 18, 25 Buy
MACD 4, 5Sell
Stochastics 21Sell
CCI -142Sell
RSI 59Buy
OBV 5888Sell
VWAP 86Sell
ADL 0Sell
ROC -2Sell
Force Index 0Sell

Price action analysis of Maha Steel ( (MahaSteel) ) based on a short term time period is negative, but sellers have recently become active on the stock. This cannot be called a strong downtrend, specially if selected time duration is small

Price action analysis of Maha Steel ( (MahaSteel) ) based on a short term time period is

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 losing momentum.

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

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 green color and prices are in or below the green 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 positive zone. This is a BUY zone

Although the stock is in the BUY zone, but buying 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 86.06 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 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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