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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 2023-03-24 View latest technical analysis

10 day averaged volume of Ahmed Steel is 134

Date	Daily Closing Price	Open	High	Low	Volume
24 Fri Mar 2023	18.77	18.77	18.77	18.77	2.067 times
23 Thu Mar 2023	19.75	18.10	19.75	18.10	0.157 times
22 Wed Mar 2023	19.00	17.55	19.39	17.55	2.328 times
21 Tue Mar 2023	18.47	18.47	18.47	18.47	0.015 times
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	4.478 times
16 Thu Mar 2023	18.72	18.72	18.72	18.72	0.082 times
14 Tue Mar 2023	19.70	19.75	19.75	19.70	0.164 times
10 Fri Mar 2023	18.81	18.81	18.81	18.81	1.522 times
09 Thu Mar 2023	19.80	20.00	20.00	18.81	0.597 times

Stock of Ahmed Steel (AhmedSteel) has showed a significant fall. This could be a good time to exit from this stock.

My analysis of stock is bearish for shortterm, but stock is semi over sold and there are some chances of seeing a recovery tomorrow. Use 18.5 as stoploss in an intra day buy trade for a target of 19.05. However, stock will show a bearish move below 18.5.

Share price targets for Ahmed Steel (AhmedSteel)

Target Type	Value
Downside Target	16.55
Downside Target	17.25
Downside Target	18.44
Upside Target	18.95
Upside Target	19.50
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	17.63
Downside Intraday Target	16.49
Upside Intraday Target	19.83
Upside Intraday Target	20.89
Downside Intraday Target	18.69

Weekly technical analysis of Ahmed Steel (AhmedSteel)

Date	Weekly Closing Price	Open	High	Low	Volume
24 Fri Mar 2023	18.77	19.44	19.75	17.55	0.968 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
24 Fri Mar 2023	18.77	18.95	20.00	17.55	0.047 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 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.

Price action analysis of Ahmed Steel ( (AhmedSteel) ) based on a short to mid 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.

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 BUY. Signal strength is Weak and stock is gaining momentum.

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

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 stronger in this stock.

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

CCI has generated a SELL signal for Ahmed Steel in short term and SELL signal is strong!

RSI is generating a SELL signal in short term and selling is picking up 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 19.17 and Ahmed Steel (AhmedSteel) 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 Ahmed Steel (AhmedSteel) stock. Volume based technical analysis of Ahmed Steel (AhmedSteel) stock is negative.

Ahmed 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.