(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 2022-05-24 View latest technical analysis
10 day averaged volume of Maha Steel is 3132
| Date | Daily Closing Price | Open | High | Low | Volume |
| 24 Tue May 2022 | 66.85 | 69.00 | 69.00 | 65.90 | 1.485 times |
| 23 Mon May 2022 | 67.60 | 72.85 | 72.85 | 67.00 | 0.409 times |
| 20 Fri May 2022 | 69.40 | 68.40 | 70.00 | 67.40 | 0.45 times |
| 19 Thu May 2022 | 66.90 | 69.95 | 69.95 | 65.70 | 0.745 times |
| 18 Wed May 2022 | 70.10 | 70.00 | 74.30 | 69.00 | 1.175 times |
| 17 Tue May 2022 | 68.60 | 62.30 | 69.80 | 60.50 | 2.708 times |
| 16 Mon May 2022 | 63.40 | 67.50 | 68.65 | 62.30 | 1.672 times |
| 13 Fri May 2022 | 66.95 | 66.40 | 68.50 | 65.20 | 0.694 times |
| 12 Thu May 2022 | 66.40 | 71.50 | 73.60 | 65.20 | 0.792 times |
| 11 Wed May 2022 | 67.65 | 70.35 | 71.25 | 67.55 | 1.033 times |
My analysis of stock is bearish for shortterm, but stock is semi over sold and there are some chances of seeing a recovery tomorrow. Use 66.7 as stoploss in an intra day buy trade for a target of 72.93. However, stock will show a bearish move below 66.7.
Share price targets for Maha Steel (MahaSteel)
| Target Type | Value |
| Downside Target | 60.50 |
| Downside Target | 65.10 |
| Upside Target | 67.50 |
| Upside Target | 70.80 |
| Upside Target | 72.85 |
| Upside Target | 77.20 |
| Upside Target | 79.75 |
| Upside Target | 82.65 |
| Upside Target | 89.80 |
| 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 | 64.22 |
| Downside Intraday Target | 61.58 |
| Upside Intraday Target | 71.17 |
| Upside Intraday Target | 75.48 |
| Upside Intraday Target | 68.53 |
Weekly technical analysis of Maha Steel (MahaSteel)
| Date | Weekly Closing Price | Open | High | Low | Volume |
| 24 Tue May 2022 | 66.85 | 72.85 | 72.85 | 65.90 | 0.281 times |
| 20 Fri May 2022 | 69.40 | 67.50 | 74.30 | 60.50 | 1.109 times |
| 13 Fri May 2022 | 66.95 | 79.75 | 79.75 | 65.20 | 1.244 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 |
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 |
| 24 Tue May 2022 | 66.85 | 82.05 | 82.65 | 60.50 | 0.605 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 | 16, 21, 13 | Sell |
| MACD | -5, -5 | Sell |
| Stochastics | 47 | None |
| CCI | -32 | Sell |
| RSI | 53 | Buy |
| OBV | -45119 | Sell |
| VWAP | 67 | Sell |
| ADL | 0 | Sell |
| ROC | -6 | Sell |
| Force Index | 0 | Sell |
Price action analysis of Maha Steel ( (MahaSteel) ) based on a short 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 short term time period is definitely positive! This means that there is a strong uptrend in the stock for the given time period. Buyers are extremely bullish on the 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
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 in short term is moving inside a range for now. Please check in a day or two to for a better buy sell signal. 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 67.28 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.
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