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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 2022-08-17 View latest technical analysis

10 day averaged volume of Maha Steel is 3661

Date Daily Closing Price Open High Low Volume
17 Wed Aug 2022 67.75 67.20 68.70 67.15 0.408 times
16 Tue Aug 2022 68.40 74.00 74.00 57.80 1.711 times
12 Fri Aug 2022 70.50 65.00 71.35 65.00 4.234 times
11 Thu Aug 2022 65.60 66.00 68.00 62.25 0.066 times
10 Wed Aug 2022 65.65 66.45 66.45 65.20 1.296 times
08 Mon Aug 2022 65.95 65.30 65.95 65.30 0.066 times
05 Fri Aug 2022 64.25 64.95 66.40 64.20 0.837 times
04 Thu Aug 2022 65.30 66.05 66.90 65.05 0.284 times
03 Wed Aug 2022 66.15 63.00 66.65 63.00 0.515 times
02 Tue Aug 2022 66.65 66.10 67.95 66.10 0.845 times

My analysis of stock is bullish for shortterm, but stock is in semi over bought zones and there are some chances of seeing a fall tomorrow. Use 68.3 as stoploss in an intra day sell trade for a target of 66.47. However, stock will show a bullish move above 68.3.

Share price targets for Maha Steel (MahaSteel)

Target Type Value
Downside Target 57.80
Downside Target 60.00
Downside Target 62.25
Upside 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 59.03
Downside Intraday Target 50.32
Upside Intraday Target 75.23
Upside Intraday Target 82.72
Downside Intraday Target 66.52

Weekly technical analysis of Maha Steel (MahaSteel)

Date Weekly Closing Price Open High Low Volume
17 Wed Aug 2022 67.75 74.00 74.00 57.80 0.374 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
17 Wed Aug 2022 67.75 65.20 74.00 57.80 0.762 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 15, 29, 31 Sell
MACD 1, 0Buy
Stochastics 73Buy
CCI 100Buy
RSI 63Buy
OBV 5403Sell
VWAP 68Sell
ADL 0Sell
ROC 2Buy
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 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 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 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

Stock of Maha Steel is picking up buying momentum according to indicator.

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 68.18 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 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

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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