(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 2022-11-03 View latest technical analysis
10 day averaged volume of Maha Steel is 2236
| Date | Daily Closing Price | Open | High | Low | Volume |
| 03 Thu Nov 2022 | 68.05 | 68.40 | 68.40 | 67.85 | 0.008 times |
| 02 Wed Nov 2022 | 68.50 | 69.95 | 70.00 | 67.85 | 0.515 times |
| 01 Tue Nov 2022 | 70.15 | 69.40 | 70.20 | 68.95 | 0.497 times |
| 31 Mon Oct 2022 | 69.15 | 68.55 | 69.45 | 67.50 | 0.235 times |
| 28 Fri Oct 2022 | 68.95 | 69.15 | 69.40 | 68.95 | 0.039 times |
| 27 Thu Oct 2022 | 68.00 | 67.85 | 68.55 | 67.55 | 0.279 times |
| 25 Tue Oct 2022 | 67.95 | 66.25 | 68.10 | 66.20 | 0.674 times |
| 24 Mon Oct 2022 | 66.85 | 68.60 | 68.60 | 63.55 | 0.248 times |
| 21 Fri Oct 2022 | 67.30 | 69.65 | 69.90 | 65.55 | 5.875 times |
| 20 Thu Oct 2022 | 67.20 | 67.50 | 68.80 | 67.20 | 0.215 times |
My analysis of stock is bearish for shortterm, but stock is semi over sold and there are some chances of seeing a recovery tomorrow. Use 67.7 as stoploss in an intra day buy trade for a target of 69.14. However, stock will show a bearish move below 67.7.
Share price targets for Maha Steel (MahaSteel)
| Target Type | Value |
| Downside Target | 57.80 |
| Downside Target | 60.00 |
| Downside Target | 63.55 |
| Downside Target | 65.55 |
| Upside Target | 70.20 |
| Upside Target | 71.20 |
| Upside Target | 71.45 |
| Upside Target | 72.10 |
| Upside Target | 74.00 |
| Upside Target | 74.15 |
| Upside Target | 79.70 |
Intraday share price targets for Maha Steel (MahaSteel)
| Target Type | Value |
| Downside Intraday Target | 66.97 |
| Downside Intraday Target | 65.88 |
| Upside Intraday Target | 69.67 |
| Upside Intraday Target | 71.28 |
| Upside Intraday Target | 68.58 |
Weekly technical analysis of Maha Steel (MahaSteel)
| Date | Weekly Closing Price | Open | High | Low | Volume |
| 03 Thu Nov 2022 | 68.05 | 68.55 | 70.20 | 67.50 | 1.011 times |
| 28 Fri Oct 2022 | 68.95 | 68.60 | 69.40 | 63.55 | 0.141 times |
| 21 Fri Oct 2022 | 67.30 | 68.50 | 71.20 | 65.55 | 4.741 times |
| 14 Fri Oct 2022 | 69.75 | 66.65 | 72.10 | 66.20 | 0.422 times |
| 07 Fri Oct 2022 | 71.50 | 72.30 | 74.15 | 68.85 | 1.694 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 |
| 03 Thu Nov 2022 | 68.05 | 69.40 | 70.20 | 67.85 | 0.062 times |
| 31 Mon Oct 2022 | 69.15 | 72.30 | 74.15 | 63.55 | 0.473 times |
| 30 Fri Sep 2022 | 72.10 | 68.25 | 79.70 | 66.30 | 1.373 times |
| 30 Tue Aug 2022 | 68.75 | 65.20 | 74.00 | 57.80 | 1.138 times |
Scroll below to view daily charts
Price has moved down 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, 26, 26 | Sell |
| MACD | -0, -0 | Sell |
| Stochastics | 73 | Buy |
| CCI | -5 | Sell |
| RSI | 52 | Buy |
| OBV | 4473 | Sell |
| VWAP | 68 | Buy |
| ADL | 0 | Sell |
| ROC | -1 | Sell |
| Force Index | 0 | Sell |
Price action analysis of Maha Steel ( (MahaSteel) ) based on a short term time period is negative, but sellers have recently become active on the stock. This cannot be called a strong downtrend, specially if selected time duration is small
Price action analysis of Maha Steel ( (MahaSteel) ) based on a short term time period is negative, but trend is highly volatile. A longer duration price action analysis might give a better picture of the trend in this stock.
Price action analysis of Maha Steel ( (MahaSteel) ) based on a short to mid 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 mid to longer term time period is
ADX buy sell signal for Maha Steel stock for short term is SELL. Signal strength is Strong and stock is losing 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 HIGHS, which reflects strong buying momentum in short term! Bulls are getting tired and bears 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 SELL signal for Maha Steel in short term and SELL 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 67.65 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 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 negative.
Force Index is moving in a negative zone, which indicates selling momentum for short term... Selling momentum is getting weaker.
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