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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 2022-05-05 View latest technical analysis

10 day averaged volume of Maha Steel is 4097

Date Daily Closing Price Open High Low Volume
05 Thu May 2022 79.65 74.85 79.85 73.00 0.564 times
04 Wed May 2022 77.60 74.75 79.85 74.75 0.194 times
02 Mon May 2022 77.95 82.05 82.65 77.10 2.445 times
29 Fri Apr 2022 80.70 88.80 88.80 77.20 0.463 times
28 Thu Apr 2022 82.00 82.05 84.70 81.00 0.427 times
27 Wed Apr 2022 82.30 84.05 84.05 80.70 0.737 times
26 Tue Apr 2022 83.75 82.85 85.50 82.80 0.467 times
25 Mon Apr 2022 85.30 87.05 89.80 84.95 2.729 times
22 Fri Apr 2022 87.90 94.00 94.00 87.00 0.711 times
21 Thu Apr 2022 87.25 90.00 90.00 83.15 1.537 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 79.7, but if it comes above 79.7, then a intra day buy could be more profitable.
If you take a sell trade below 79.7, then use 79.7 as stoploss and 75.7 as target. However if you take a buy trade in stock , then use 79.7 as stoploss and 83.07 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 77.20
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 74.22
Downside Intraday Target 68.78
Upside Intraday Target 83.87
Upside Intraday Target 88.08
Downside Intraday Target 78.43

Weekly technical analysis of Maha Steel (MahaSteel)

Date Weekly Closing Price Open High Low Volume
05 Thu May 2022 79.65 82.05 82.65 73.00 0.664 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
05 Thu May 2022 79.65 82.05 82.65 73.00 0.129 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 21, 16, 13 Buy
MACD 1, 3Sell
Stochastics 17Sell
CCI -113Buy
RSI 60Buy
OBV -932Sell
VWAP 83Sell
ADL 0Sell
ROC -6Sell
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 negative, but sellers have recently become active on the stock. This cannot be called a strong downtrend, specially if selected time duration is small

ADX buy sell signal for Maha Steel stock for short term is BUY. Signal strength is Weak 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 weakening, and bulls are picking up momentum!

Ichimoku cloud is of green color and prices are in or below the green cloud Prices appear to be moving up

CCI has generated a buy signal for Maha Steel in short term but BUY signal is weak.

RSI is generating a BUY signal in short term but buying is losing 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 82.94 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

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Daily charts

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Daily chart

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