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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 2022-05-12 View latest technical analysis

10 day averaged volume of Maha Steel is 3641

Date Daily Closing Price Open High Low Volume
12 Thu May 2022 66.40 71.50 73.60 65.20 0.681 times
11 Wed May 2022 67.65 70.35 71.25 67.55 0.889 times
10 Tue May 2022 71.20 74.70 74.70 70.10 0.277 times
09 Mon May 2022 74.50 79.75 79.75 71.80 2.792 times
06 Fri May 2022 75.15 75.20 76.60 75.00 0.606 times
05 Thu May 2022 79.65 74.85 79.85 73.00 0.635 times
04 Wed May 2022 77.60 74.75 79.85 74.75 0.218 times
02 Mon May 2022 77.95 82.05 82.65 77.10 2.751 times
29 Fri Apr 2022 80.70 88.80 88.80 77.20 0.521 times
28 Thu Apr 2022 82.00 82.05 84.70 81.00 0.48 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 66.3, for a target of 74 or 80.43

Share price targets for Maha Steel (MahaSteel)

Target Type Value
Downside Target 65.10
Upside Target 67.50
Upside Target 70.80
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 61.15
Downside Intraday Target 55.9
Upside Intraday Target 75.7
Upside Intraday Target 85
Upside Intraday Target 70.45

Weekly technical analysis of Maha Steel (MahaSteel)

Date Weekly Closing Price Open High Low Volume
12 Thu May 2022 66.40 79.75 79.75 65.20 1.102 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
12 Thu May 2022 66.40 82.05 82.65 65.20 0.317 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 12, 20, 24 Sell
MACD -4, -1Sell
Stochastics 4Sell
CCI -129Sell
RSI 53Buy
OBV -41556Sell
VWAP 75Sell
ADL 0Sell
ROC -19Sell
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 Strong 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 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 and the buying is gaining 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 75.33 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 negative.

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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