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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 2162

Date	Daily Closing Price	Open	High	Low	Volume
28 Tue Jan 2025	15.57	16.12	16.12	15.57	2.171 times
27 Mon Jan 2025	16.38	17.14	17.49	16.13	1.353 times
24 Fri Jan 2025	16.80	17.00	17.75	16.72	1.295 times
23 Thu Jan 2025	16.92	17.60	17.60	16.78	0.598 times
22 Wed Jan 2025	16.78	17.92	18.32	16.70	1.676 times
21 Tue Jan 2025	17.57	17.57	18.37	17.57	0.381 times
20 Mon Jan 2025	17.67	18.59	18.59	17.41	0.769 times
17 Fri Jan 2025	17.73	17.92	18.38	17.45	1.257 times
16 Thu Jan 2025	17.95	18.25	18.95	17.68	0.707 times
15 Wed Jan 2025	18.19	18.20	18.95	17.56	0.721 times

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

Although my analysis for stock is bearish for shortterm, but stock is in heavy over sold zones and there are high chances of some recovery tomorrow. You might want to buy the stock tomorrow in intra day with a stoploss of 15.7, for a target of 17 or 18

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	14.93
Downside Intraday Target	14.29
Upside Intraday Target	16.85
Upside Intraday Target	18.13
Upside Intraday Target	16.21

Weekly technical analysis of Modern Steel (ModernSteel)

Date	Weekly Closing Price	Open	High	Low	Volume
28 Tue Jan 2025	15.57	17.14	17.49	15.57	0.747 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
28 Tue Jan 2025	15.57	19.00	20.02	15.57	0.89 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 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 coming down

CCI has generated a SELL signal for Modern 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 negative zone. This is the SELL 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 16.87 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.