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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 2024-01-23 View latest technical analysis

10 day averaged volume of Ahmed Steel is 1955

Date	Daily Closing Price	Open	High	Low	Volume
23 Tue Jan 2024	34.35	37.80	37.80	34.20	1.447 times
22 Mon Jan 2024	36.00	36.30	36.30	36.00	0.284 times
19 Fri Jan 2024	34.58	34.50	34.58	31.55	0.432 times
18 Thu Jan 2024	32.94	30.37	32.98	30.37	0.047 times
17 Wed Jan 2024	31.60	31.45	31.60	29.02	0.621 times
16 Tue Jan 2024	30.12	32.30	33.19	30.04	1.33 times
15 Mon Jan 2024	31.62	32.56	33.89	30.98	1.088 times
12 Fri Jan 2024	32.61	33.21	34.18	32.56	1.387 times
11 Thu Jan 2024	32.56	35.17	35.17	31.83	2.603 times
10 Wed Jan 2024	33.50	32.01	33.56	32.00	0.799 times

My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 33.6, but if it comes below 33.6, then a intra day sell could be more profitable.
If you take a sell trade below 33.6, then use 33.6 as stoploss and 31.79 as target. However if you take a buy trade in stock , then use 33.6 as stoploss and 35.8 as target.

Share price targets for Ahmed Steel (AhmedSteel)

Target Type	Value
Downside Target	22.25
Downside Target	24.20
Downside Target	25.97
Downside Target	27.60
Downside Target	30.88
Downside Target	31.45
Downside Target	34.00
Downside Target	34.20
Upside Target	34.58
Upside Target	35.17
Upside Target	37.80

Intraday share price targets for Ahmed Steel (AhmedSteel)

Target Type	Value
Downside Intraday Target	33.1
Downside Intraday Target	31.85
Upside Intraday Target	36.7
Upside Intraday Target	39.05
Upside Intraday Target	35.45

Weekly technical analysis of Ahmed Steel (AhmedSteel)

Date	Weekly Closing Price	Open	High	Low	Volume
23 Tue Jan 2024	34.35	36.30	37.80	34.20	0.492 times
19 Fri Jan 2024	34.58	32.56	34.58	29.02	0.499 times
12 Fri Jan 2024	32.61	29.58	35.17	27.60	10.149 times
04 Thu Jan 2024	29.00	32.55	34.00	28.05	0.717 times
29 Fri Dec 2023	31.00	28.49	31.45	28.49	0.343 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
23 Tue Jan 2024	34.35	32.55	37.80	27.60	1.027 times
29 Fri Dec 2023	31.00	24.50	31.45	24.50	1.687 times
30 Thu Nov 2023	24.00	25.15	25.97	22.50	2.256 times
30 Mon Oct 2023	24.00	25.37	26.39	22.25	0.058 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 term time period is positive, but buyers have become active on the stock recently. This cannot be a definite uptrend, specially if selected time duration is small.

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 Strong 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 is trading near its recent HIGHS, which reflects strong buying momentum in short term! 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 SELL signal for Ahmed Steel in short term but SELL signal is weak.

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 Ahmed 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 32.6 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.