(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 2022-11-24 View latest technical analysis
10 day averaged volume of Maha Steel is 2097
| Date | Daily Closing Price | Open | High | Low | Volume |
| 24 Thu Nov 2022 | 67.50 | 67.70 | 69.45 | 66.95 | 7.101 times |
| 23 Wed Nov 2022 | 67.80 | 71.50 | 71.50 | 65.15 | 0.427 times |
| 22 Tue Nov 2022 | 67.40 | 68.75 | 69.35 | 67.00 | 0.54 times |
| 21 Mon Nov 2022 | 66.35 | 68.85 | 69.30 | 65.15 | 1.347 times |
| 18 Fri Nov 2022 | 68.65 | 69.65 | 69.65 | 67.25 | 1.978 times |
| 17 Thu Nov 2022 | 67.25 | 68.20 | 69.75 | 67.00 | 0.435 times |
| 16 Wed Nov 2022 | 68.10 | 67.60 | 70.50 | 67.25 | 1.163 times |
| 15 Tue Nov 2022 | 70.20 | 69.90 | 70.30 | 69.90 | 0.017 times |
| 14 Mon Nov 2022 | 69.45 | 69.55 | 70.00 | 68.10 | 0.939 times |
| 11 Fri Nov 2022 | 69.75 | 70.95 | 72.00 | 68.65 | 1.199 times |
Stock of Maha Steel (MahaSteel) has showed a significant fall. This could be a good time to exit from this stock.
My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 67.6, but if it comes above 67.6, then a intra day buy could be more profitable.
If you take a sell trade below 67.6, then use 67.6 as stoploss and 66.3 as target. However if you take a buy trade in stock , then use 67.6 as stoploss and 68.72 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 | 65.15 |
| 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 | 64.6 |
| Downside Intraday Target | 61.7 |
| Upside Intraday Target | 70.95 |
| Upside Intraday Target | 74.4 |
| Upside Intraday Target | 68.05 |
Weekly technical analysis of Maha Steel (MahaSteel)
| Date | Weekly Closing Price | Open | High | Low | Volume |
| 24 Thu Nov 2022 | 67.50 | 68.85 | 71.50 | 65.15 | 2.077 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, 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 |
| 24 Thu Nov 2022 | 67.50 | 69.40 | 72.75 | 65.15 | 1.511 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, and volume has increased substantially. This means that the move can continue in coming months.
Indicators analysis of Maha Steel (MahaSteel)
| Indicator Name | Indicator Value | Indicator Signal |
| ADX | 16, 18, 4 | Sell |
| MACD | -1, -1 | Sell |
| Stochastics | 34 | None |
| CCI | -51 | Sell |
| RSI | 49 | Sell |
| OBV | -9958 | 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 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 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 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 negative, but trend is highly volatile. A longer duration price action analysis might give a better picture of the trend in this stock.
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 in short term is moving inside a range for now. Please check in a day or two to for a better buy sell signal. 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 coming down
CCI has generated a SELL signal for Maha Steel in short term and SELL signal is strong!
RSI is generating a SELL signal in short term but selling is losing 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 67.89 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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