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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 2022-05-10 View latest technical analysis

10 day averaged volume of Maha Steel is 4526

Date Daily Closing Price Open High Low Volume
10 Tue May 2022 71.20 74.70 74.70 70.10 0.223 times
09 Mon May 2022 74.50 79.75 79.75 71.80 2.246 times
06 Fri May 2022 75.15 75.20 76.60 75.00 0.488 times
05 Thu May 2022 79.65 74.85 79.85 73.00 0.511 times
04 Wed May 2022 77.60 74.75 79.85 74.75 0.175 times
02 Mon May 2022 77.95 82.05 82.65 77.10 2.213 times
29 Fri Apr 2022 80.70 88.80 88.80 77.20 0.419 times
28 Thu Apr 2022 82.00 82.05 84.70 81.00 0.386 times
27 Wed Apr 2022 82.30 84.05 84.05 80.70 0.667 times
26 Tue Apr 2022 83.75 82.85 85.50 82.80 0.423 times

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 71.9, for a target of 77.5 or 82.16

Share price targets for Maha Steel (MahaSteel)

Target Type Value
Downside Target 65.10
Downside Target 67.50
Downside Target 70.10
Upside Target 73.00
Upside Target 77.20
Upside Target 79.75
Upside Target 82.15
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 67.62
Downside Intraday Target 64.03
Upside Intraday Target 77.27
Upside Intraday Target 83.33
Upside Intraday Target 73.68

Weekly technical analysis of Maha Steel (MahaSteel)

Date Weekly Closing Price Open High Low Volume
10 Tue May 2022 71.20 79.75 79.75 70.10 0.729 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
10 Tue May 2022 71.20 82.05 82.65 70.10 0.261 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 15, 20, 14 Sell
MACD -1, 1Sell
Stochastics 10Sell
CCI -140Sell
RSI 54Buy
OBV -29472Sell
VWAP 78Sell
ADL 0Sell
ROC -17Sell
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 gaining 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 getting stronger in this stock.

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 but buying is losing 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 77.73 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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