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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 2023-01-24 View latest technical analysis

10 day averaged volume of Maha Steel is 4080

Date Daily Closing Price Open High Low Volume
24 Tue Jan 2023 70.75 70.75 71.15 70.00 0.403 times
23 Mon Jan 2023 70.80 71.80 72.80 70.20 0.361 times
20 Fri Jan 2023 71.50 70.00 74.45 69.85 2.864 times
19 Thu Jan 2023 70.85 72.10 72.40 69.80 0.451 times
18 Wed Jan 2023 72.10 71.40 72.20 70.50 0.407 times
17 Tue Jan 2023 70.80 72.75 72.95 70.00 0.379 times
16 Mon Jan 2023 71.50 71.85 71.95 71.20 0.888 times
13 Fri Jan 2023 71.00 72.05 72.05 70.30 0.055 times
12 Thu Jan 2023 71.00 71.55 72.55 70.75 0.441 times
11 Wed Jan 2023 72.05 71.10 73.00 70.55 3.093 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 70.5 as stoploss in an intra day buy trade for a target of 71.22. However, stock will show a bearish move below 70.5.

Share price targets for Maha Steel (MahaSteel)

Target Type Value
Downside Target 59.50
Downside Target 62.05
Downside Target 63.55
Downside Target 65.15
Downside Target 68.00
Downside Target 69.80
Upside Target 72.75
Upside Target 74.45
Upside Target 74.50
Upside Target 77.00
Upside Target 79.70

Intraday share price targets for Maha Steel (MahaSteel)

Target Type Value
Downside Intraday Target 69.57
Downside Intraday Target 68.38
Upside Intraday Target 72.37
Upside Intraday Target 73.98
Upside Intraday Target 71.18

Weekly technical analysis of Maha Steel (MahaSteel)

Date Weekly Closing Price Open High Low Volume
24 Tue Jan 2023 70.75 71.80 72.80 70.00 0.153 times
20 Fri Jan 2023 71.50 71.85 74.45 69.80 1.002 times
13 Fri Jan 2023 71.00 70.00 73.00 70.00 0.923 times
06 Fri Jan 2023 70.20 70.95 74.50 68.00 0.211 times
30 Fri Dec 2022 70.95 62.30 77.00 62.05 4.914 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
24 Tue Jan 2023 70.75 70.95 74.50 68.00 0.376 times
30 Fri Dec 2022 70.95 68.90 77.00 59.50 2.328 times
30 Wed Nov 2022 68.50 69.40 72.75 65.15 2.032 times
31 Mon Oct 2022 69.15 72.30 74.15 63.55 0.473 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, 15, 12 Buy
MACD 1, 1Sell
Stochastics 26Sell
CCI -158Sell
RSI 60Buy
OBV 99143Sell
VWAP 72Sell
ADL 0Sell
ROC 0Buy
Force Index 0Sell

Price action analysis of Maha Steel ( (MahaSteel) ) based on a short 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 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

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 BUY. Signal strength is Weak and stock is losing momentum.

MACD generated a SELL signal for Maha Steel in short term but the sell signal is initial and weak.

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 green color and prices are in or below the green 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 negative zone. This is the SELL zone

Although the stock is in the SELL zone, but selling might be slowing down

Stock of Maha Steel is picking up selling momentum according to indicator.

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 71.56 and Maha Steel (MahaSteel) stock is trading below this level. This means that stock is falling with high volumes. 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 positive

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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