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(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)

10 day averaged volume of Modern Steel is 2363

Date	Daily Closing Price	Open	High	Low	Volume
29 Wed Jan 2025	16.15	15.58	16.17	15.57	0.674 times
28 Tue Jan 2025	15.57	16.12	16.12	15.57	1.986 times
27 Mon Jan 2025	16.38	17.14	17.49	16.13	1.238 times
24 Fri Jan 2025	16.80	17.00	17.75	16.72	1.185 times
23 Thu Jan 2025	16.92	17.60	17.60	16.78	0.547 times
22 Wed Jan 2025	16.78	17.92	18.32	16.70	1.533 times
21 Tue Jan 2025	17.57	17.57	18.37	17.57	0.349 times
20 Mon Jan 2025	17.67	18.59	18.59	17.41	0.703 times
17 Fri Jan 2025	17.73	17.92	18.38	17.45	1.15 times
16 Thu Jan 2025	17.95	18.25	18.95	17.68	0.647 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 16.8, but if it comes above 16.8, then a intra day buy could be more profitable.
If you take a sell trade below 16.8, then use 16.8 as stoploss and 15.5 as target. However if you take a buy trade in stock , then use 16.8 as stoploss and 17.85 as target.

Share price targets for Modern Steel (ModernSteel)

Target Type	Value
Downside Target	15.57
Upside Target	16.70
Upside Target	17.45
Upside Target	17.89
Upside Target	18.50
Upside Target	19.00
Upside Target	19.47
Upside Target	20.02
Upside Target	20.39
Upside Target	22.00
Upside Target	23.84
Upside Target	36.20

Intraday share price targets for Modern Steel (ModernSteel)

Target Type	Value
Downside Intraday Target	15.32
Downside Intraday Target	14.48
Upside Intraday Target	17.24
Upside Intraday Target	18.32
Upside Intraday Target	16.4

Weekly technical analysis of Modern Steel (ModernSteel)

Date	Weekly Closing Price	Open	High	Low	Volume
29 Wed Jan 2025	16.15	17.14	17.49	15.57	0.903 times
24 Fri Jan 2025	16.80	18.59	18.59	16.70	0.813 times
17 Fri Jan 2025	17.73	18.98	19.47	17.45	0.634 times
10 Fri Jan 2025	18.61	18.65	19.50	17.89	1.841 times
03 Fri Jan 2025	19.06	19.39	20.02	18.50	1.054 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 Modern Steel (ModernSteel)

Date	Monthly Closing Price	Open	High	Low	Volume
29 Wed Jan 2025	16.15	19.00	20.02	15.57	0.914 times
31 Tue Dec 2024	18.77	19.75	20.39	18.50	1.179 times
29 Fri Nov 2024	19.75	21.50	22.00	19.00	0.355 times
31 Thu Oct 2024	20.72	23.84	23.84	19.51	0.1 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 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 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 Modern Steel stock for short term is SELL. Signal strength is Strong and stock is losing 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 weakening, and bulls are picking up momentum!

Ichimoku cloud is of red color and prices are below the red cloud Prices appear to be moving up

CCI has generated a buy signal for Modern Steel in short term but BUY signal is weak.

RSI is generating a SELL signal in short term but selling is losing 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 Modern 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 16.73 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 negative.

Force Index is moving in a negative zone, which indicates selling momentum for short term... Selling momentum is getting weaker.