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(MAITHANALL) Maithan Alloys complete technical analysis [charts+indicators] | Buy/Sell Maithan Alloys | (MAITHANALL) share price targets

Complete technical analysis of Maithan Alloys (MAITHANALL) by charts plus indicators, forecast predictions and share price targets for Maithan Alloys (MAITHANALL)

Showing technical analysis as on 2024-01-17 View latest technical analysis

10 day averaged volume of Maithan Alloys is 114575

Date	Daily Closing Price	Open	High	Low	Volume
17 Wed Jan 2024	1139.05	1161.00	1205.30	1134.55	1.088 times
16 Tue Jan 2024	1176.70	1192.00	1209.00	1168.70	0.533 times
15 Mon Jan 2024	1188.40	1188.05	1202.25	1185.00	0.448 times
12 Fri Jan 2024	1189.15	1215.00	1240.00	1180.00	0.914 times
11 Thu Jan 2024	1208.95	1216.00	1238.30	1200.00	1.347 times
10 Wed Jan 2024	1199.55	1199.95	1207.80	1181.15	0.963 times
09 Tue Jan 2024	1193.95	1218.00	1224.95	1182.60	1.139 times
08 Mon Jan 2024	1197.55	1175.70	1214.00	1162.05	1.495 times
05 Fri Jan 2024	1169.85	1168.00	1195.00	1156.65	1.413 times
04 Thu Jan 2024	1170.95	1179.60	1202.50	1161.50	1.105 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 1149.6, but if it comes above 1149.6, then a intra day buy could be more profitable.
If you take a sell trade below 1149.6, then use 1149.6 as stoploss and 1114.3 as target. However if you take a buy trade in stock , then use 1149.6 as stoploss and 1178.95 as target.

Share price targets for Maithan Alloys (MAITHANALL)

Target Type	Value
Downside Target	982.80
Downside Target	1007.70
Downside Target	1092.10
Downside Target	1129.25
Upside Target	1173.65
Upside Target	1209.00
Upside Target	1229.00
Upside Target	1240.00
Upside Target	1261.00
Upside Target	1335.50

Intraday share price targets for Maithan Alloys (MAITHANALL)

Target Type	Value
Downside Intraday Target	1112.73
Downside Intraday Target	1086.42
Upside Intraday Target	1187.18
Upside Intraday Target	1235.32
Upside Intraday Target	1160.87

Weekly technical analysis of Maithan Alloys (MAITHANALL)

Date	Weekly Closing Price	Open	High	Low	Volume
17 Wed Jan 2024	1139.05	1188.05	1209.00	1134.55	0.353 times
12 Fri Jan 2024	1189.15	1175.70	1240.00	1162.05	1.239 times
05 Fri Jan 2024	1169.85	1209.00	1229.00	1156.65	0.291 times
29 Fri Dec 2023	1190.70	1164.55	1335.50	1149.95	3.03 times
22 Fri Dec 2023	1150.75	1196.00	1261.00	1095.80	1.305 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 Maithan Alloys (MAITHANALL)

Date	Monthly Closing Price	Open	High	Low	Volume
17 Wed Jan 2024	1139.05	1209.00	1240.00	1134.55	0.422 times
29 Fri Dec 2023	1190.70	1092.10	1335.50	1092.10	3.316 times
30 Thu Nov 2023	1091.80	1040.80	1129.25	1007.70	1.39 times
31 Tue Oct 2023	1035.60	1036.30	1107.00	982.80	0.821 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 Maithan Alloys (MAITHANALL)

Price action analysis of Maithan Alloys ( (MAITHANALL) ) 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 Maithan Alloys ( (MAITHANALL) ) 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 Maithan Alloys ( (MAITHANALL) ) 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 Maithan Alloys ( (MAITHANALL) ) based on a mid to longer term time period is definitely positive! This means that there is a strong uptrend in the stock for the given time period. Buyers are extremely bullish on the stock.

ADX buy sell signal for Maithan Alloys stock for short term is SELL. Signal strength is Weak and stock is losing momentum.

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

Maithan Alloys 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 Maithan Alloys 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

Stock of Maithan Alloys is picking up buying momentum according to indicator.

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 1183.97 and Maithan Alloys (MAITHANALL) 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 Maithan Alloys (MAITHANALL) stock. Volume based technical analysis of Maithan Alloys (MAITHANALL) stock is negative.

Maithan Alloys 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.