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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 2022-11-17 View latest technical analysis

10 day averaged volume of Maha Steel is 2994

Date Daily Closing Price Open High Low Volume
17 Thu Nov 2022 67.25 68.20 69.75 67.00 0.305 times
16 Wed Nov 2022 68.10 67.60 70.50 67.25 0.815 times
15 Tue Nov 2022 70.20 69.90 70.30 69.90 0.012 times
14 Mon Nov 2022 69.45 69.55 70.00 68.10 0.658 times
11 Fri Nov 2022 69.75 70.95 72.00 68.65 0.84 times
10 Thu Nov 2022 69.35 70.00 70.45 67.95 1.367 times
09 Wed Nov 2022 70.20 72.75 72.75 69.25 1.605 times
07 Mon Nov 2022 69.80 68.55 70.90 68.55 1.997 times
04 Fri Nov 2022 69.85 67.00 70.00 67.00 2.316 times
03 Thu Nov 2022 68.05 68.40 68.40 67.85 0.006 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 67.7, but if it comes above 67.7, then a intra day buy could be more profitable.
If you take a sell trade below 67.7, then use 67.7 as stoploss and 66.4 as target. However if you take a buy trade in stock , then use 67.7 as stoploss and 68.73 as target.

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 69.40
Upside Target 71.20
Upside Target 71.45
Upside Target 72.75
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
Downside Intraday Target 64.75
Upside Intraday Target 69.5
Upside Intraday Target 71.75
Upside Intraday Target 68.25

Weekly technical analysis of Maha Steel (MahaSteel)

Date Weekly Closing Price Open High Low Volume
17 Thu Nov 2022 67.25 69.55 70.50 67.00 0.308 times
11 Fri Nov 2022 69.75 68.55 72.75 67.95 1.786 times
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

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 Thu Nov 2022 67.25 69.40 72.75 67.00 0.865 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 19, 26, 14 Sell
MACD -0, -0Sell
Stochastics 26Sell
CCI -119Sell
RSI 51Buy
OBV 7620Sell
VWAP 70Sell
ADL 0Sell
ROC -2Sell
Force Index 0Sell

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 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 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 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 gaining 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 LOWS in short term which reflects strong selling momentum. Bears are getting stronger in this stock.

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 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 69.57 and Maha Steel (MahaSteel) stock is trading below this level. This means that stock is falling with high volumes. 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.

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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