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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 2022-08-16 View latest technical analysis

10 day averaged volume of Maha Steel is 3064

Date Daily Closing Price Open High Low Volume
16 Tue Aug 2022 68.40 74.00 74.00 57.80 2.044 times
12 Fri Aug 2022 70.50 65.00 71.35 65.00 5.058 times
11 Thu Aug 2022 65.60 66.00 68.00 62.25 0.079 times
10 Wed Aug 2022 65.65 66.45 66.45 65.20 1.549 times
08 Mon Aug 2022 65.95 65.30 65.95 65.30 0.079 times
05 Fri Aug 2022 64.25 64.95 66.40 64.20 1.001 times
04 Thu Aug 2022 65.30 66.05 66.90 65.05 0.339 times
03 Wed Aug 2022 66.15 63.00 66.65 63.00 0.616 times
02 Tue Aug 2022 66.65 66.10 67.95 66.10 1.009 times
01 Mon Aug 2022 66.35 65.20 66.65 64.90 0.176 times

Stock of Maha Steel (MahaSteel) has showed a significant fall. This could be a good time to exit from this stock.

My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 68.1, but if it comes below 68.1, then a intra day sell could be more profitable.
If you take a sell trade below 68.1, then use 68.1 as stoploss and 66.37 as target. However if you take a buy trade in stock , then use 68.1 as stoploss and 70.3 as target.

Share price targets for Maha Steel (MahaSteel)

Target Type Value
Downside Target 57.80
Downside Target 60.00
Downside Target 62.25
Downside Target 67.95
Upside Target 70.80
Upside Target 71.45
Upside Target 73.30
Upside Target 74.00
Upside Target 82.65
Upside Target 94.00

Intraday share price targets for Maha Steel (MahaSteel)

Target Type Value
Downside Intraday Target 59.47
Downside Intraday Target 50.53
Upside Intraday Target 75.67
Upside Intraday Target 82.93
Downside Intraday Target 66.73

Weekly technical analysis of Maha Steel (MahaSteel)

Date Weekly Closing Price Open High Low Volume
16 Tue Aug 2022 68.40 74.00 74.00 57.80 0.302 times
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

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
16 Tue Aug 2022 68.40 65.20 74.00 57.80 0.732 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 16, 30, 31 Sell
MACD 1, 0Buy
Stochastics 71Buy
CCI 48Sell
RSI 62Buy
OBV 5352Sell
VWAP 68Buy
ADL 0Sell
ROC 6Buy
Force Index 0Sell

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 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 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 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 Strong and stock is gaining 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 is trading near its recent HIGHS, which reflects strong buying momentum in short term! Bulls are getting stronger in this stock.

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

CCI has generated a SELL signal for Maha Steel in short term but SELL 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 68.17 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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