(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 2023-02-03 View latest technical analysis
10 day averaged volume of Maha Steel is 6018
| Date | Daily Closing Price | Open | High | Low | Volume |
| 03 Fri Feb 2023 | 60.15 | 61.30 | 62.90 | 59.80 | 0.781 times |
| 02 Thu Feb 2023 | 61.85 | 64.50 | 66.90 | 60.30 | 1.966 times |
| 01 Wed Feb 2023 | 62.05 | 66.65 | 67.50 | 59.85 | 1.371 times |
| 31 Tue Jan 2023 | 66.20 | 77.00 | 77.00 | 65.45 | 1.028 times |
| 30 Mon Jan 2023 | 66.80 | 65.30 | 70.00 | 65.30 | 0.646 times |
| 27 Fri Jan 2023 | 67.90 | 70.10 | 70.10 | 67.50 | 1.879 times |
| 25 Wed Jan 2023 | 68.75 | 69.90 | 69.90 | 67.95 | 0.345 times |
| 24 Tue Jan 2023 | 70.75 | 70.75 | 71.15 | 70.00 | 0.274 times |
| 23 Mon Jan 2023 | 70.80 | 71.80 | 72.80 | 70.20 | 0.245 times |
| 20 Fri Jan 2023 | 71.50 | 70.00 | 74.45 | 69.85 | 1.942 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 61.1, for a target of 65.3 or 68.86
Share price targets for Maha Steel (MahaSteel)
| Target Type | Value |
| Downside Target | 59.50 |
| Upside Target | 63.55 |
| Upside Target | 65.15 |
| Upside Target | 67.50 |
| Upside Target | 69.80 |
| Upside Target | 72.75 |
| Upside Target | 73.00 |
| Upside Target | 74.15 |
| Upside Target | 74.45 |
| Upside Target | 74.50 |
| Upside Target | 77.00 |
Intraday share price targets for Maha Steel (MahaSteel)
| Target Type | Value |
| Downside Intraday Target | 54.3 |
| Downside Intraday Target | 48.45 |
| Upside Intraday Target | 71.5 |
| Upside Intraday Target | 82.85 |
| Upside Intraday Target | 65.65 |
Weekly technical analysis of Maha Steel (MahaSteel)
| Date | Weekly Closing Price | Open | High | Low | Volume |
| 03 Fri Feb 2023 | 60.15 | 65.30 | 77.00 | 59.80 | 2.112 times |
| 27 Fri Jan 2023 | 67.90 | 71.80 | 72.80 | 67.50 | 0.811 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 |
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 |
| 03 Fri Feb 2023 | 60.15 | 66.65 | 67.50 | 59.80 | 0.278 times |
| 31 Tue Jan 2023 | 66.20 | 70.95 | 77.00 | 65.30 | 0.51 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 |
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, 23, 13 | Sell |
| MACD | -3, -1 | Sell |
| Stochastics | 9 | Sell |
| CCI | -140 | Sell |
| RSI | 52 | Buy |
| OBV | -25342 | Sell |
| VWAP | 66 | Sell |
| ADL | 0 | Sell |
| ROC | -15 | 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 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 mid to longer 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.
ADX buy sell signal for Maha Steel stock for short term is SELL. Signal strength is Weak and stock is gaining 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 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 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 66.02 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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