(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 2022-11-04 View latest technical analysis
10 day averaged volume of Maha Steel is 1920
| Date | Daily Closing Price | Open | High | Low | Volume |
| 04 Fri Nov 2022 | 69.85 | 67.00 | 70.00 | 67.00 | 3.611 times |
| 03 Thu Nov 2022 | 68.05 | 68.40 | 68.40 | 67.85 | 0.009 times |
| 02 Wed Nov 2022 | 68.50 | 69.95 | 70.00 | 67.85 | 0.599 times |
| 01 Tue Nov 2022 | 70.15 | 69.40 | 70.20 | 68.95 | 0.579 times |
| 31 Mon Oct 2022 | 69.15 | 68.55 | 69.45 | 67.50 | 0.273 times |
| 28 Fri Oct 2022 | 68.95 | 69.15 | 69.40 | 68.95 | 0.046 times |
| 27 Thu Oct 2022 | 68.00 | 67.85 | 68.55 | 67.55 | 0.325 times |
| 25 Tue Oct 2022 | 67.95 | 66.25 | 68.10 | 66.20 | 0.785 times |
| 24 Mon Oct 2022 | 66.85 | 68.60 | 68.60 | 63.55 | 0.289 times |
| 21 Fri Oct 2022 | 67.30 | 69.65 | 69.90 | 65.55 | 6.842 times |
Stock of Maha Steel (MahaSteel) has showed a significant upmove. This could be a good time to enter in this stock!
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 70.3 as stoploss in an intra day sell trade for a target of 69.03. However, stock will show a bullish move above 70.3.
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 |
| Downside Target | 68.85 |
| 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 | 67.83 |
| Downside Intraday Target | 65.82 |
| Upside Intraday Target | 71.03 |
| Upside Intraday Target | 72.22 |
| Downside Intraday Target | 69.02 |
Weekly technical analysis of Maha Steel (MahaSteel)
| Date | Weekly Closing Price | Open | High | Low | Volume |
| 04 Fri Nov 2022 | 69.85 | 68.55 | 70.20 | 67.00 | 3.511 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 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 |
| 04 Fri Nov 2022 | 69.85 | 69.40 | 70.20 | 67.00 | 0.249 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 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 | 20, 23, 7 | Sell |
| MACD | -0, -0 | Buy |
| Stochastics | 76 | Buy |
| CCI | 57 | Buy |
| RSI | 54 | Buy |
| OBV | 13371 | Sell |
| VWAP | 68 | Buy |
| ADL | 0 | Sell |
| ROC | 4 | Buy |
| Force Index | 0 | Sell |
Price action analysis of Maha Steel ( (MahaSteel) ) based on a short 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 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 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 Weak and stock is losing momentum.
MACD generated a BUY signal for Maha Steel in short term but the buy signal is initial and weak.
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 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
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 68.26 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 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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