(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 2022-11-23 View latest technical analysis
10 day averaged volume of Maha Steel is 2488
| Date | Daily Closing Price | Open | High | Low | Volume |
| 23 Wed Nov 2022 | 67.80 | 71.50 | 71.50 | 65.15 | 0.36 times |
| 22 Tue Nov 2022 | 67.40 | 68.75 | 69.35 | 67.00 | 0.455 times |
| 21 Mon Nov 2022 | 66.35 | 68.85 | 69.30 | 65.15 | 1.135 times |
| 18 Fri Nov 2022 | 68.65 | 69.65 | 69.65 | 67.25 | 1.667 times |
| 17 Thu Nov 2022 | 67.25 | 68.20 | 69.75 | 67.00 | 0.367 times |
| 16 Wed Nov 2022 | 68.10 | 67.60 | 70.50 | 67.25 | 0.98 times |
| 15 Tue Nov 2022 | 70.20 | 69.90 | 70.30 | 69.90 | 0.014 times |
| 14 Mon Nov 2022 | 69.45 | 69.55 | 70.00 | 68.10 | 0.792 times |
| 11 Fri Nov 2022 | 69.75 | 70.95 | 72.00 | 68.65 | 1.011 times |
| 10 Thu Nov 2022 | 69.35 | 70.00 | 70.45 | 67.95 | 1.645 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 68.75. 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 | 65.15 |
| Upside Target | 69.40 |
| Upside Target | 71.45 |
| Upside Target | 71.50 |
| 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 | 64.8 |
| Downside Intraday Target | 61.8 |
| Upside Intraday Target | 71.15 |
| Upside Intraday Target | 74.5 |
| Upside Intraday Target | 68.15 |
Weekly technical analysis of Maha Steel (MahaSteel)
| Date | Weekly Closing Price | Open | High | Low | Volume |
| 23 Wed Nov 2022 | 67.80 | 68.85 | 71.50 | 65.15 | 0.51 times |
| 18 Fri Nov 2022 | 68.65 | 69.55 | 70.50 | 67.00 | 0.547 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 |
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 |
| 23 Wed Nov 2022 | 67.80 | 69.40 | 72.75 | 65.15 | 1.108 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 | 18, 19, 4 | Sell |
| MACD | -1, -0 | Sell |
| Stochastics | 28 | Sell |
| CCI | -45 | Buy |
| RSI | 47 | Sell |
| OBV | 4377 | Sell |
| VWAP | 68 | Sell |
| ADL | 0 | Sell |
| ROC | -3 | Sell |
| 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 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 to mid term time period is positive, but trend is highly volatile. A longer time period analysis might give a better idea of the trend.
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 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 weakening, and bulls are picking up momentum!
Ichimoku cloud is of red color and prices are below the red cloud Prices appear to be moving up
CCI has generated a buy signal for Maha Steel in short term but BUY signal is weak.
RSI is generating a SELL signal in short term and selling is picking up 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 68.46 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.
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