(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 2023-01-25 View latest technical analysis
10 day averaged volume of Maha Steel is 3811
| Date | Daily Closing Price | Open | High | Low | Volume |
| 25 Wed Jan 2023 | 68.75 | 69.90 | 69.90 | 67.95 | 0.545 times |
| 24 Tue Jan 2023 | 70.75 | 70.75 | 71.15 | 70.00 | 0.432 times |
| 23 Mon Jan 2023 | 70.80 | 71.80 | 72.80 | 70.20 | 0.387 times |
| 20 Fri Jan 2023 | 71.50 | 70.00 | 74.45 | 69.85 | 3.067 times |
| 19 Thu Jan 2023 | 70.85 | 72.10 | 72.40 | 69.80 | 0.483 times |
| 18 Wed Jan 2023 | 72.10 | 71.40 | 72.20 | 70.50 | 0.436 times |
| 17 Tue Jan 2023 | 70.80 | 72.75 | 72.95 | 70.00 | 0.406 times |
| 16 Mon Jan 2023 | 71.50 | 71.85 | 71.95 | 71.20 | 0.95 times |
| 13 Fri Jan 2023 | 71.00 | 72.05 | 72.05 | 70.30 | 0.059 times |
| 12 Thu Jan 2023 | 71.00 | 71.55 | 72.55 | 70.75 | 0.472 times |
Although my analysis for stock is bearish for shortterm, but stock is in heavy over sold zones and there are high chances of some recovery tomorrow. You might want to buy the stock tomorrow in intra day with a stoploss of 69.2, for a target of 70.2 or 71.01
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 | 67.95 |
| Upside 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 | 66.87 |
| Downside Intraday Target | 64.98 |
| Upside Intraday Target | 71.72 |
| Upside Intraday Target | 74.68 |
| Upside Intraday Target | 69.83 |
Weekly technical analysis of Maha Steel (MahaSteel)
| Date | Weekly Closing Price | Open | High | Low | Volume |
| 25 Wed Jan 2023 | 68.75 | 71.80 | 72.80 | 67.95 | 0.255 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 |
| 25 Wed Jan 2023 | 68.75 | 70.95 | 74.50 | 67.95 | 0.388 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 | 17, 21, 11 | Sell |
| MACD | 1, 1 | Sell |
| Stochastics | 18 | Sell |
| CCI | -273 | Sell |
| RSI | 57 | Buy |
| OBV | 68928 | Sell |
| VWAP | 71 | Sell |
| ADL | 0 | Sell |
| ROC | -5 | Sell |
| Force Index | 0 | Sell |
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 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
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 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 but buying is losing 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 71.13 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 positive
Force Index is moving in a negative zone, which indicates selling momentum for short term... Selling momentum is getting weaker.
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