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(AhmedSteel) Ahmed Steel complete technical analysis [charts+indicators] | Buy/Sell Ahmed Steel | (AhmedSteel) share price targets

Complete technical analysis of Ahmed Steel (AhmedSteel) by charts plus indicators, forecast predictions and share price targets for Ahmed Steel (AhmedSteel)

Showing technical analysis as on 2023-03-20 View latest technical analysis

10 day averaged volume of Ahmed Steel is 136

Date	Daily Closing Price	Open	High	Low	Volume
20 Mon Mar 2023	19.44	19.44	19.44	19.44	0.007 times
17 Fri Mar 2023	19.44	19.59	19.59	17.79	4.412 times
16 Thu Mar 2023	18.72	18.72	18.72	18.72	0.081 times
14 Tue Mar 2023	19.70	19.75	19.75	19.70	0.162 times
10 Fri Mar 2023	18.81	18.81	18.81	18.81	1.5 times
09 Thu Mar 2023	19.80	20.00	20.00	18.81	0.588 times
08 Wed Mar 2023	19.80	19.85	19.85	19.80	0.625 times
06 Mon Mar 2023	19.85	18.44	19.85	18.44	0.919 times
03 Fri Mar 2023	18.91	18.91	18.91	18.91	0.772 times
02 Thu Mar 2023	18.01	18.01	18.01	18.01	0.735 times

My analysis of stock is bullish for shortterm, but stock is in semi over bought zones and there are some chances of seeing a fall tomorrow. Use 19.7 as stoploss in an intra day sell trade for a target of 19.09. However, stock will show a bullish move above 19.7.

Share price targets for Ahmed Steel (AhmedSteel)

Target Type	Value
Downside Target	16.55
Downside Target	17.25
Downside Target	18.44
Downside Target	18.95
Downside Target	19.44
Upside Target	19.70
Upside Target	19.75
Upside Target	20.00
Upside Target	21.00
Upside Target	21.10

Intraday share price targets for Ahmed Steel (AhmedSteel)

Target Type	Value
Downside Intraday Target	19.44
Downside Intraday Target	19.44
Downside Intraday Target	19.44
Downside Intraday Target	19.44
Downside Intraday Target	19.44

Weekly technical analysis of Ahmed Steel (AhmedSteel)

Date	Weekly Closing Price	Open	High	Low	Volume
20 Mon Mar 2023	19.44	19.44	19.44	19.44	0.002 times
17 Fri Mar 2023	19.44	19.75	19.75	17.79	1.281 times
10 Fri Mar 2023	18.81	18.44	20.00	18.44	2.111 times
03 Fri Mar 2023	18.91	18.05	18.95	18.01	0.056 times
24 Fri Feb 2023	18.95	18.70	19.70	18.45	0.318 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 Ahmed Steel (AhmedSteel)

Date	Monthly Closing Price	Open	High	Low	Volume
20 Mon Mar 2023	19.44	18.95	20.00	17.79	0.033 times
28 Tue Feb 2023	18.05	19.30	21.10	17.50	1.937 times
31 Tue Jan 2023	18.40	18.45	21.00	16.55	0.717 times
30 Fri Dec 2022	19.40	18.15	19.50	16.80	3.31 times

Scroll below to view daily charts

Price has moved up 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 Ahmed Steel (AhmedSteel)

Price action analysis of Ahmed Steel ( (AhmedSteel) ) based on a short term time period is positive, but trend is highly volatile. A longer time period analysis might give a better idea of the trend.

Price action analysis of Ahmed Steel ( (AhmedSteel) ) based on a short to mid term time period is positive, but trend is highly volatile. A longer time period analysis might give a better idea of the trend.

Price action analysis of Ahmed Steel ( (AhmedSteel) ) 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 Ahmed Steel stock for short term is SELL. Signal strength is Weak and stock is losing momentum.

MACD generated a BUY signal for Ahmed Steel in short term and the buy signal is strong.

MACD line is moving upwards which means that SELL signal is weakening, and buying is picking up momentum.

Ahmed Steel Stock in short term is moving inside a range for now. Please check in a day or two to for a better buy sell signal. Bulls are getting tired and bears are picking up momentum.

Ichimoku cloud is of green color and prices are above the green cloud Prices appear to be coming down

CCI has generated a buy signal for Ahmed Steel in short term and BUY signal is strong.

RSI is generating a SELL signal in short term but selling is losing momentum.

MRSI is in positive zone. This is a BUY zone

Although the stock is in the BUY zone, but buying might be slowing down

Stock of Ahmed 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 19.28 and Ahmed Steel (AhmedSteel) stock is trading above this level. This is a good sign for the stock and it could move higher. VWAP is rising upwards.

People seem to be coming out and selling the Ahmed Steel (AhmedSteel) stock. Volume based technical analysis of Ahmed Steel (AhmedSteel) stock is negative.

Ahmed Steel Stock is giving positive 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.