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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 2022-05-09 View latest technical analysis

10 day averaged volume of Maha Steel is 3800

Date Daily Closing Price Open High Low Volume
09 Mon May 2022 74.50 79.75 79.75 71.80 2.676 times
06 Fri May 2022 75.15 75.20 76.60 75.00 0.581 times
05 Thu May 2022 79.65 74.85 79.85 73.00 0.608 times
04 Wed May 2022 77.60 74.75 79.85 74.75 0.209 times
02 Mon May 2022 77.95 82.05 82.65 77.10 2.636 times
29 Fri Apr 2022 80.70 88.80 88.80 77.20 0.499 times
28 Thu Apr 2022 82.00 82.05 84.70 81.00 0.46 times
27 Wed Apr 2022 82.30 84.05 84.05 80.70 0.794 times
26 Tue Apr 2022 83.75 82.85 85.50 82.80 0.504 times
25 Mon Apr 2022 85.30 87.05 89.80 84.95 2.942 times

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

Although my analysis for stock is bearish for shortterm, but stock is in heavy over sold zones and there are high chances of some recovery tomorrow. You might want to buy the stock tomorrow in intra day with a stoploss of 73.8, for a target of 78.6 or 82.59

Share price targets for Maha Steel (MahaSteel)

Target Type Value
Downside Target 65.10
Downside Target 67.50
Downside Target 70.80
Upside Target 77.20
Upside Target 79.75
Upside Target 82.15
Upside Target 83.05
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 70.95
Downside Intraday Target 67.4
Upside Intraday Target 78.9
Upside Intraday Target 83.3
Upside Intraday Target 75.35

Weekly technical analysis of Maha Steel (MahaSteel)

Date Weekly Closing Price Open High Low Volume
09 Mon May 2022 74.50 79.75 79.75 71.80 0.663 times
06 Fri May 2022 75.15 82.05 82.65 73.00 0.776 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

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
09 Mon May 2022 74.50 82.05 82.65 71.80 0.251 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 17, 18, 5 Sell
MACD -0, 2Sell
Stochastics 19Sell
CCI -100Sell
RSI 57Buy
OBV -24635Sell
VWAP 80Sell
ADL 0Sell
ROC -15Sell
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 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 SELL signal for Maha Steel in short term and SELL signal is strong!

RSI is generating a BUY signal in short term and the buying is gaining 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 79.74 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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