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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)

10 day averaged volume of Maha Steel is 3811

Date Daily Closing Price Open High Low Volume
25 Wed Jan 2023 68.75 69.90 69.90 67.95 0.545 times
24 Tue Jan 2023 70.75 70.75 71.15 70.00 0.432 times
23 Mon Jan 2023 70.80 71.80 72.80 70.20 0.387 times
20 Fri Jan 2023 71.50 70.00 74.45 69.85 3.067 times
19 Thu Jan 2023 70.85 72.10 72.40 69.80 0.483 times
18 Wed Jan 2023 72.10 71.40 72.20 70.50 0.436 times
17 Tue Jan 2023 70.80 72.75 72.95 70.00 0.406 times
16 Mon Jan 2023 71.50 71.85 71.95 71.20 0.95 times
13 Fri Jan 2023 71.00 72.05 72.05 70.30 0.059 times
12 Thu Jan 2023 71.00 71.55 72.55 70.75 0.472 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 69.2, for a target of 70.2 or 71.01

Share price targets for Maha Steel (MahaSteel)

Target Type Value
Downside Target 59.50
Downside Target 62.05
Downside Target 63.55
Downside Target 65.15
Downside Target 67.95
Upside Target 69.80
Upside Target 72.75
Upside Target 74.45
Upside Target 74.50
Upside Target 77.00
Upside Target 79.70

Intraday share price targets for Maha Steel (MahaSteel)

Target Type Value
Downside Intraday Target 66.87
Downside Intraday Target 64.98
Upside Intraday Target 71.72
Upside Intraday Target 74.68
Upside Intraday Target 69.83

Weekly technical analysis of Maha Steel (MahaSteel)

Date Weekly Closing Price Open High Low Volume
25 Wed Jan 2023 68.75 71.80 72.80 67.95 0.255 times
20 Fri Jan 2023 71.50 71.85 74.45 69.80 1.002 times
13 Fri Jan 2023 71.00 70.00 73.00 70.00 0.923 times
06 Fri Jan 2023 70.20 70.95 74.50 68.00 0.211 times
30 Fri Dec 2022 70.95 62.30 77.00 62.05 4.914 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
25 Wed Jan 2023 68.75 70.95 74.50 67.95 0.388 times
30 Fri Dec 2022 70.95 68.90 77.00 59.50 2.328 times
30 Wed Nov 2022 68.50 69.40 72.75 65.15 2.032 times
31 Mon Oct 2022 69.15 72.30 74.15 63.55 0.473 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, 21, 11 Sell
MACD 1, 1Sell
Stochastics 18Sell
CCI -273Sell
RSI 57Buy
OBV 68928Sell
VWAP 71Sell
ADL 0Sell
ROC -5Sell
Force Index 0Sell

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 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

Price action analysis of Maha Steel ( (MahaSteel) ) based on a mid to longer term time period is negative, but trend is highly volatile. A longer duration price action analysis might give a better picture of the trend in 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 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 getting stronger in this stock.

Ichimoku cloud is of green color and prices are in or below the green 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 positive zone. This is a BUY 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 71.13 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

Daily Technical Analysis Weekly Analysis Monthly Analysis Renko chart MACD chart Bollinger Bands chart Stochastics charts Force Index charts

Daily chart

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