(ModernSteel) Modern Steel complete technical analysis [charts+indicators] | Buy/Sell Modern Steel | (ModernSteel) share price targets
Complete technical analysis of Modern Steel (ModernSteel) by charts plus indicators, forecast predictions and share price targets for Modern Steel (ModernSteel)
Showing technical analysis as on 2024-10-28 View latest technical analysis
10 day averaged volume of Modern Steel is 5122
| Date | Daily Closing Price | Open | High | Low | Volume |
| 28 Mon Oct 2024 | 20.53 | 20.49 | 21.28 | 19.51 | 0.467 times |
| 25 Fri Oct 2024 | 20.49 | 21.87 | 21.87 | 20.37 | 1.131 times |
| 24 Thu Oct 2024 | 21.44 | 21.49 | 21.81 | 20.57 | 0.389 times |
| 23 Wed Oct 2024 | 21.49 | 20.10 | 21.96 | 20.10 | 1.019 times |
| 22 Tue Oct 2024 | 21.10 | 22.49 | 22.80 | 20.71 | 1.174 times |
| 21 Mon Oct 2024 | 21.78 | 21.96 | 21.96 | 20.50 | 1.463 times |
| 18 Fri Oct 2024 | 20.98 | 21.80 | 22.59 | 20.80 | 1.23 times |
| 17 Thu Oct 2024 | 21.78 | 21.40 | 21.92 | 21.07 | 0.582 times |
| 16 Wed Oct 2024 | 21.36 | 22.45 | 22.45 | 21.12 | 1.072 times |
| 15 Tue Oct 2024 | 21.75 | 22.00 | 22.10 | 21.32 | 0.3 times |
My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 21, but if it comes above 21, then a intra day buy could be more profitable.
If you take a sell trade below 21, then use 21 as stoploss and 20 as target. However if you take a buy trade in stock , then use 21 as stoploss and 21.87 as target.
Share price targets for Modern Steel (ModernSteel)
| Target Type | Value |
| Downside Target | 18.00 |
| Downside Target | 19.51 |
| Downside Target | 20.10 |
| Upside Target | 20.80 |
| Upside Target | 21.30 |
| Upside Target | 21.50 |
| Upside Target | 22.73 |
| Upside Target | 22.80 |
| Upside Target | 23.78 |
| Upside Target | 23.84 |
| Upside Target | 24.90 |
| Upside Target | 36.20 |
Intraday share price targets for Modern Steel (ModernSteel)
| Target Type | Value |
| Downside Intraday Target | 19.6 |
| Downside Intraday Target | 18.67 |
| Upside Intraday Target | 21.37 |
| Upside Intraday Target | 22.21 |
| Downside Intraday Target | 20.44 |
Weekly technical analysis of Modern Steel (ModernSteel)
| Date | Weekly Closing Price | Open | High | Low | Volume |
| 28 Mon Oct 2024 | 20.53 | 20.49 | 21.28 | 19.51 | 0.09 times |
| 25 Fri Oct 2024 | 20.49 | 21.96 | 22.80 | 20.10 | 1.073 times |
| 18 Fri Oct 2024 | 20.98 | 22.73 | 22.73 | 20.80 | 0.893 times |
| 11 Fri Oct 2024 | 22.29 | 21.56 | 23.78 | 20.99 | 0.369 times |
| 03 Thu Oct 2024 | 22.96 | 24.90 | 24.90 | 21.50 | 0.27 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 Modern Steel (ModernSteel)
| Date | Monthly Closing Price | Open | High | Low | Volume |
| 28 Mon Oct 2024 | 20.53 | 23.84 | 23.84 | 19.51 | 0.086 times |
| 30 Mon Sep 2024 | 22.96 | 19.41 | 36.20 | 18.02 | 14.348 times |
| 30 Fri Aug 2024 | 19.41 | 19.80 | 21.29 | 18.00 | 0.662 times |
| 31 Wed Jul 2024 | 19.64 | 19.79 | 21.21 | 18.40 | 1.269 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 Modern Steel (ModernSteel)
Price action analysis of Modern Steel ( (ModernSteel) ) 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 Modern Steel ( (ModernSteel) ) 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 Modern Steel ( (ModernSteel) ) 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 Modern Steel ( (ModernSteel) ) based on a mid to longer term time period is neutral. A longer time frame might give a better analysis.
ADX buy sell signal for Modern Steel stock for short term is SELL. Signal strength is Weak and stock is gaining momentum.
MACD generated a SELL signal for Modern Steel in short term and the sell signal is strong.
Modern 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 moving up
CCI has generated a SELL signal for Modern 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 Modern 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 21.25 and Modern Steel (ModernSteel) 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 Modern Steel (ModernSteel) stock. Volume based technical analysis of Modern Steel (ModernSteel) stock is negative.
Modern 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.
Price action analysis of Modern Steel ( (ModernSteel) ) 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 Modern Steel ( (ModernSteel) ) 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 Modern Steel ( (ModernSteel) ) 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 Modern Steel ( (ModernSteel) ) based on a mid to longer term time period is neutral. A longer time frame might give a better analysis.
ADX buy sell signal for Modern Steel stock for short term is SELL. Signal strength is Weak and stock is gaining momentum.
MACD generated a SELL signal for Modern Steel in short term and the sell signal is strong.
Modern 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 moving up
CCI has generated a SELL signal for Modern 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 Modern 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 21.25 and Modern Steel (ModernSteel) 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 Modern Steel (ModernSteel) stock. Volume based technical analysis of Modern Steel (ModernSteel) stock is negative.
Modern 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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