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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 2022-05-02 View latest technical analysis

10 day averaged volume of Maha Steel is 4397

Date Daily Closing Price Open High Low Volume
02 Mon May 2022 77.95 82.05 82.65 77.10 2.278 times
29 Fri Apr 2022 80.70 88.80 88.80 77.20 0.432 times
28 Thu Apr 2022 82.00 82.05 84.70 81.00 0.398 times
27 Wed Apr 2022 82.30 84.05 84.05 80.70 0.687 times
26 Tue Apr 2022 83.75 82.85 85.50 82.80 0.436 times
25 Mon Apr 2022 85.30 87.05 89.80 84.95 2.542 times
22 Fri Apr 2022 87.90 94.00 94.00 87.00 0.663 times
21 Thu Apr 2022 87.25 90.00 90.00 83.15 1.433 times
20 Wed Apr 2022 84.70 85.45 86.70 83.05 0.269 times
19 Tue Apr 2022 84.95 88.25 90.35 83.05 2.539 times

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

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 78.1, but if it comes above 78.1, then a intra day buy could be more profitable.
If you take a sell trade below 78.1, then use 78.1 as stoploss and 72.8 as target. However if you take a buy trade in stock , then use 78.1 as stoploss and 82.48 as target.

Share price targets for Maha Steel (MahaSteel)

Target Type Value
Downside Target 65.10
Downside Target 67.50
Downside Target 70.80
Downside Target 77.10
Upside Target 82.15
Upside Target 86.90
Upside Target 89.80
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 75.82
Downside Intraday Target 73.68
Upside Intraday Target 81.37
Upside Intraday Target 84.78
Upside Intraday Target 79.23

Weekly technical analysis of Maha Steel (MahaSteel)

Date Weekly Closing Price Open High Low Volume
02 Mon May 2022 77.95 82.05 82.65 77.10 0.507 times
29 Fri Apr 2022 80.70 87.05 89.80 77.20 0.816 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

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 Mon May 2022 77.95 82.05 82.65 77.10 0.099 times
29 Fri Apr 2022 80.70 71.05 94.00 70.80 1.415 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

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 27, 12, 40 Buy
MACD 2, 4Sell
Stochastics 12Sell
CCI -147Sell
RSI 58Buy
OBV -4235Sell
VWAP 84Sell
ADL 0Sell
ROC -9Sell
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 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 mid to longer term time period is positive, but buyers have become active on the stock recently. This cannot be a definite uptrend, specially if selected time duration is small.

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

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 83.65 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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