(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 2023-02-07 View latest technical analysis
10 day averaged volume of Maha Steel is 5300
| Date | Daily Closing Price | Open | High | Low | Volume |
| 07 Tue Feb 2023 | 60.95 | 61.30 | 62.05 | 60.50 | 0.134 times |
| 06 Mon Feb 2023 | 61.45 | 60.55 | 61.50 | 60.05 | 0.308 times |
| 03 Fri Feb 2023 | 60.15 | 61.30 | 62.90 | 59.80 | 0.887 times |
| 02 Thu Feb 2023 | 61.85 | 64.50 | 66.90 | 60.30 | 2.232 times |
| 01 Wed Feb 2023 | 62.05 | 66.65 | 67.50 | 59.85 | 1.557 times |
| 31 Tue Jan 2023 | 66.20 | 77.00 | 77.00 | 65.45 | 1.167 times |
| 30 Mon Jan 2023 | 66.80 | 65.30 | 70.00 | 65.30 | 0.733 times |
| 27 Fri Jan 2023 | 67.90 | 70.10 | 70.10 | 67.50 | 2.133 times |
| 25 Wed Jan 2023 | 68.75 | 69.90 | 69.90 | 67.95 | 0.392 times |
| 24 Tue Jan 2023 | 70.75 | 70.75 | 71.15 | 70.00 | 0.311 times |
My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 63.8, but if it comes above 63.8, then a intra day buy could be more profitable.
If you take a sell trade below 63.8, then use 63.8 as stoploss and 58.8 as target. However if you take a buy trade in stock , then use 63.8 as stoploss and 67.95 as target.
Share price targets for Maha Steel (MahaSteel)
| Target Type | Value |
| Downside Target | 59.50 |
| Upside Target | 62.05 |
| 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 | 77.00 |
Intraday share price targets for Maha Steel (MahaSteel)
| Target Type | Value |
| Downside Intraday Target | 59.98 |
| Downside Intraday Target | 59.02 |
| Upside Intraday Target | 61.98 |
| Upside Intraday Target | 63.02 |
| Upside Intraday Target | 61.02 |
Weekly technical analysis of Maha Steel (MahaSteel)
| Date | Weekly Closing Price | Open | High | Low | Volume |
| 07 Tue Feb 2023 | 60.95 | 60.55 | 62.05 | 60.05 | 0.067 times |
| 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 |
Price has moved up 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 |
| 07 Tue Feb 2023 | 60.95 | 66.65 | 67.50 | 59.80 | 0.304 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, 22, 9 | Sell |
| MACD | -4, -2 | Sell |
| Stochastics | 6 | Sell |
| CCI | -80 | Buy |
| RSI | 54 | Buy |
| OBV | -20364 | Sell |
| VWAP | 64 | Sell |
| ADL | 0 | Sell |
| ROC | -14 | 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 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 getting stronger in this stock.
Ichimoku cloud is of red color and prices are below the red cloud Prices appear to be coming down
CCI has generated a buy signal for Maha Steel in short term but BUY signal is weak.
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 64.45 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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