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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 5300

Date Daily Closing Price Open High Low Volume
07 Tue Feb 2023 60.95 61.30 62.05 60.50 0.134 times
06 Mon Feb 2023 61.45 60.55 61.50 60.05 0.308 times
03 Fri Feb 2023 60.15 61.30 62.90 59.80 0.887 times
02 Thu Feb 2023 61.85 64.50 66.90 60.30 2.232 times
01 Wed Feb 2023 62.05 66.65 67.50 59.85 1.557 times
31 Tue Jan 2023 66.20 77.00 77.00 65.45 1.167 times
30 Mon Jan 2023 66.80 65.30 70.00 65.30 0.733 times
27 Fri Jan 2023 67.90 70.10 70.10 67.50 2.133 times
25 Wed Jan 2023 68.75 69.90 69.90 67.95 0.392 times
24 Tue Jan 2023 70.75 70.75 71.15 70.00 0.311 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 63.8, but if it comes above 63.8, then a intra day buy could be more profitable.
If you take a sell trade below 63.8, then use 63.8 as stoploss and 58.8 as target. However if you take a buy trade in stock , then use 63.8 as stoploss and 67.95 as target.

Share price targets for Maha Steel (MahaSteel)

Target Type Value
Downside Target 59.50
Upside Target 62.05
Upside Target 63.55
Upside Target 65.15
Upside Target 67.50
Upside Target 69.80
Upside Target 72.75
Upside Target 73.00
Upside Target 74.15
Upside Target 74.45
Upside Target 77.00

Intraday share price targets for Maha Steel (MahaSteel)

Target Type Value
Downside Intraday Target 59.98
Downside Intraday Target 59.02
Upside Intraday Target 61.98
Upside Intraday Target 63.02
Upside Intraday Target 61.02

Weekly technical analysis of Maha Steel (MahaSteel)

Date Weekly Closing Price Open High Low Volume
07 Tue Feb 2023 60.95 60.55 62.05 60.05 0.067 times
03 Fri Feb 2023 60.15 65.30 77.00 59.80 2.112 times
27 Fri Jan 2023 67.90 71.80 72.80 67.50 0.811 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

Price has moved up 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
07 Tue Feb 2023 60.95 66.65 67.50 59.80 0.304 times
31 Tue Jan 2023 66.20 70.95 77.00 65.30 0.51 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

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 18, 22, 9 Sell
MACD -4, -2Sell
Stochastics 6Sell
CCI -80Buy
RSI 54Buy
OBV -20364Sell
VWAP 64Sell
ADL 0Sell
ROC -14Sell
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 getting stronger in this stock.

Ichimoku cloud is of red color and prices are below the red cloud Prices appear to be coming down

CCI has generated a buy signal for Maha Steel in short term but BUY signal is weak.

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 64.45 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

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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