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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 2022-07-28 View latest technical analysis

10 day averaged volume of Maha Steel is 2887

Date Daily Closing Price Open High Low Volume
28 Thu Jul 2022 64.70 64.55 65.25 64.50 0.265 times
27 Wed Jul 2022 64.60 64.60 64.65 64.55 0.769 times
26 Tue Jul 2022 64.30 65.65 65.65 64.25 0.094 times
25 Mon Jul 2022 66.50 66.25 68.10 65.80 0.66 times
22 Fri Jul 2022 68.10 68.70 68.70 67.50 0.014 times
21 Thu Jul 2022 68.50 68.30 71.45 67.00 2.631 times
20 Wed Jul 2022 69.85 67.15 71.00 65.95 3.578 times
19 Tue Jul 2022 65.90 65.00 66.50 65.00 0.295 times
18 Mon Jul 2022 65.75 65.00 66.25 65.00 0.244 times
15 Fri Jul 2022 64.50 66.95 66.95 63.60 0.535 times

My analysis of stock is bullish for shortterm, and stock might move up till 67.1 or till 70. Use a stoploss of 64.68 and if this stock hits its stoploss, then it can fall down till 62.28

Share price targets for Maha Steel (MahaSteel)

Target Type Value
Downside Target 60.00
Downside Target 63.75
Upside Target 67.50
Upside Target 68.50
Upside Target 70.80
Upside Target 71.45
Upside Target 73.30
Upside Target 78.15
Upside Target 82.65
Upside Target 94.00

Intraday share price targets for Maha Steel (MahaSteel)

Target Type Value
Downside Intraday Target 63.27
Downside Intraday Target 61.83
Upside Intraday Target 67.12
Upside Intraday Target 69.53
Upside Intraday Target 65.68

Weekly technical analysis of Maha Steel (MahaSteel)

Date Weekly Closing Price Open High Low Volume
28 Thu Jul 2022 64.70 66.25 68.10 64.25 0.264 times
22 Fri Jul 2022 68.10 65.00 71.45 65.00 1.528 times
15 Fri Jul 2022 64.50 60.55 68.50 60.25 1.21 times
08 Fri Jul 2022 63.05 61.30 64.90 60.00 0.575 times
01 Fri Jul 2022 61.30 60.70 63.75 60.25 0.517 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
28 Thu Jul 2022 64.70 60.30 71.45 60.00 0.58 times
30 Thu Jun 2022 60.55 68.05 73.30 60.00 1.07 times
31 Tue May 2022 69.25 82.05 82.65 60.50 0.789 times
29 Fri Apr 2022 80.70 71.05 94.00 70.80 1.415 times

Scroll below to view daily charts

Price has moved up 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 26, 13, 32 Buy
MACD -0, -0Sell
Stochastics 24Sell
CCI -69Buy
RSI 52Buy
OBV 21247Sell
VWAP 68Sell
ADL 0Sell
ROC -3Sell
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 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 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 BUY. Signal strength is Strong 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 below the red cloud Prices appear to be moving up

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 but buying is losing momentum.

MRSI is in positive zone. This is a BUY zone

Although the stock is in the BUY zone, but buying 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 68.01 and Maha Steel (MahaSteel) stock is trading below this level. This means that stock is falling with high volumes. VWAP is rising upwards.

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

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Daily charts

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Daily chart

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