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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 2022-11-23 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, -0Sell
Stochastics 28Sell
CCI -45Buy
RSI 47Sell
OBV 4377Sell
VWAP 68Sell
ADL 0Sell
ROC -3Sell
Force Index 0Sell

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.

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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