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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 2022-08-04 View latest technical analysis

10 day averaged volume of Maha Steel is 1861

Date Daily Closing Price Open High Low Volume
04 Thu Aug 2022 65.30 66.05 66.90 65.05 0.558 times
03 Wed Aug 2022 66.15 63.00 66.65 63.00 1.013 times
02 Tue Aug 2022 66.65 66.10 67.95 66.10 1.662 times
01 Mon Aug 2022 66.35 65.20 66.65 64.90 0.29 times
29 Fri Jul 2022 64.30 65.15 65.15 63.75 0.158 times
28 Thu Jul 2022 64.70 64.55 65.25 64.50 0.411 times
27 Wed Jul 2022 64.60 64.60 64.65 64.55 1.193 times
26 Tue Jul 2022 64.30 65.65 65.65 64.25 0.146 times
25 Mon Jul 2022 66.50 66.25 68.10 65.80 1.024 times
22 Fri Jul 2022 68.10 68.70 68.70 67.50 0.021 times

My analysis of stock is bearish for shortterm, and stock might move down till 63.9 or till 61.7. Use a stoploss of 65.65 and if the stock hits stoploss, then it can shoot up till 67.43

Share price targets for Maha Steel (MahaSteel)

Target Type Value
Downside Target 60.00
Downside Target 63.00
Upside Target 67.95
Upside Target 68.10
Upside Target 68.50
Upside Target 70.80
Upside Target 71.45
Upside Target 73.30
Upside Target 82.65
Upside Target 94.00

Intraday share price targets for Maha Steel (MahaSteel)

Target Type Value
Downside Intraday Target 62.88
Downside Intraday Target 60.47
Upside Intraday Target 67.83
Upside Intraday Target 70.37
Upside Intraday Target 65.42

Weekly technical analysis of Maha Steel (MahaSteel)

Date Weekly Closing Price Open High Low Volume
04 Thu Aug 2022 65.30 65.20 67.95 63.00 1.202 times
29 Fri Jul 2022 64.30 66.25 68.10 63.75 0.279 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

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
04 Thu Aug 2022 65.30 65.20 67.95 63.00 0.131 times
29 Fri Jul 2022 64.30 60.30 71.45 60.00 0.584 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

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, 22, 8 Buy
MACD 0, -0Buy
Stochastics 38None
CCI 1Buy
RSI 55Buy
OBV 16410Sell
VWAP 66Sell
ADL 0Sell
ROC -5Sell
Force Index 0Sell

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 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 positive, but trend is highly volatile. A longer time period analysis might give a better idea of the trend.

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 Weak and stock is gaining momentum.

MACD generated a BUY signal for Maha Steel in short term and the buy 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 below the red cloud Prices appear to be coming down

CCI has generated a buy signal for Maha Steel in short term and BUY signal is strong.

RSI is generating a BUY signal in short term and the buying is gaining 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 65.81 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.

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Daily charts

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Daily chart

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