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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 2022-08-12 View latest technical analysis

10 day averaged volume of Maha Steel is 1591

Date Daily Closing Price Open High Low Volume
12 Fri Aug 2022 70.50 65.00 71.35 65.00 9.742 times
11 Thu Aug 2022 65.60 66.00 68.00 62.25 0.151 times
10 Wed Aug 2022 65.65 66.45 66.45 65.20 2.982 times
08 Mon Aug 2022 65.95 65.30 65.95 65.30 0.153 times
05 Fri Aug 2022 64.25 64.95 66.40 64.20 1.927 times
04 Thu Aug 2022 65.30 66.05 66.90 65.05 0.652 times
03 Wed Aug 2022 66.15 63.00 66.65 63.00 1.185 times
02 Tue Aug 2022 66.65 66.10 67.95 66.10 1.944 times
01 Mon Aug 2022 66.35 65.20 66.65 64.90 0.339 times
29 Fri Jul 2022 64.30 65.15 65.15 63.75 0.185 times

Stock of Maha Steel (MahaSteel) has showed a significant upmove. This could be a good time to enter in this stock!

Although my analysis for stock is bullish for shortterm, but stock is over bought and there are high chances of some profit booking tomorrow. You might want to sell the stock tomorrow in intra day with a stoploss of 70, for a target of 67.9 or 66.17

Share price targets for Maha Steel (MahaSteel)

Target Type Value
Downside Target 60.00
Downside Target 62.25
Downside Target 67.95
Upside Target 70.80
Upside Target 71.35
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 64.72
Downside Intraday Target 58.93
Upside Intraday Target 73.82
Upside Intraday Target 77.13
Downside Intraday Target 68.03

Weekly technical analysis of Maha Steel (MahaSteel)

Date Weekly Closing Price Open High Low Volume
12 Fri Aug 2022 70.50 65.30 71.35 62.25 2.154 times
05 Fri Aug 2022 64.25 65.20 67.95 63.00 1.764 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

Price has moved up this week, and volume has increased substantially. This means that the move can continue in coming weeks.

Monthly technical analysis of Maha Steel (MahaSteel)

Date Monthly Closing Price Open High Low Volume
12 Fri Aug 2022 70.50 65.20 71.35 62.25 0.607 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 25, 21, 9 Buy
MACD 1, 0Buy
Stochastics 67None
CCI 247Buy
RSI 65Buy
OBV 15026Sell
VWAP 68Buy
ADL 0Sell
ROC 9Buy
Force Index 0Sell

Price action analysis of Maha Steel ( (MahaSteel) ) based on a short 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 short term time period is positive, but buyers have become active on the stock recently. This cannot be a definite uptrend, specially if selected time duration is small.

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

ADX buy sell signal for Maha Steel stock for short term is BUY. Signal strength is Weak and stock is losing momentum.

MACD generated a BUY signal for Maha Steel in short term and the buy signal is strong.

MACD line is moving upwards which means that SELL signal is weakening, and buying is picking up momentum.

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. Bulls are getting stronger in this stock.

Ichimoku cloud is of green color and prices are above the green cloud Prices appear to be moving up

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 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 68.08 and Maha Steel (MahaSteel) stock is trading above this level. This is a good sign for the stock and it could move higher. 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 is giving positive 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

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Daily chart

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