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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 2024-04-10 View latest technical analysis

10 day averaged volume of Ahmed Steel is 373

Date	Daily Closing Price	Open	High	Low	Volume
10 Wed Apr 2024	46.81	44.59	46.81	44.59	2.941 times
09 Tue Apr 2024	44.59	44.50	44.59	44.50	0.847 times
08 Mon Apr 2024	42.47	42.47	42.47	42.47	2.59 times
05 Fri Apr 2024	40.45	40.45	40.45	40.45	0.421 times
04 Thu Apr 2024	38.53	36.70	38.53	36.70	0.34 times
03 Wed Apr 2024	36.70	36.65	36.70	36.65	0.046 times
02 Tue Apr 2024	36.69	40.44	40.44	36.65	1.185 times
01 Mon Apr 2024	38.55	36.26	38.55	36.26	0.592 times
28 Thu Mar 2024	37.00	38.18	38.18	34.56	3.614 times
27 Wed Mar 2024	36.37	35.49	36.37	35.49	0.188 times

Stock of Ahmed Steel (AhmedSteel) has showed a significant upmove. This could be a good time to enter in this stock!

Although my analysis for stock is bullish for shortterm, but stock is over bought and there are high chances of some profit booking tomorrow. You might want to sell the stock tomorrow in intra day with a stoploss of 45.4, for a target of 41.2 or 37.76

Share price targets for Ahmed Steel (AhmedSteel)

Target Type	Value
Downside Target	24.50
Downside Target	27.60
Downside Target	31.45
Downside Target	33.80
Downside Target	36.26
Downside Target	37.65
Downside Target	40.20
Downside Target	40.50
Downside Target	42.47
Downside Target	44.30
Downside Target	46.81
Upside Target	53.26

Intraday share price targets for Ahmed Steel (AhmedSteel)

Target Type	Value
Downside Intraday Target	43.92
Downside Intraday Target	41.02
Upside Intraday Target	48.26
Upside Intraday Target	49.7
Downside Intraday Target	45.36

Weekly technical analysis of Ahmed Steel (AhmedSteel)

Date	Weekly Closing Price	Open	High	Low	Volume
10 Wed Apr 2024	46.81	42.47	46.81	42.47	2.468 times
05 Fri Apr 2024	40.45	36.26	40.45	36.26	0.68 times
28 Thu Mar 2024	37.00	35.49	38.18	34.56	13.13 times
22 Fri Mar 2024	35.49	36.31	36.31	33.80	0.081 times
15 Fri Mar 2024	35.60	37.51	37.65	33.99	0.527 times

Price has moved up this week, and volume has increased substantially. This means that the move can continue in coming weeks.

Monthly technical analysis of Ahmed Steel (AhmedSteel)

Date	Monthly Closing Price	Open	High	Low	Volume
10 Wed Apr 2024	46.81	36.26	46.81	36.26	0.478 times
28 Thu Mar 2024	37.00	44.30	44.30	33.80	0.138 times
29 Thu Feb 2024	42.21	40.50	53.26	40.20	1.535 times
31 Wed Jan 2024	40.50	32.55	40.50	27.60	1.33 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 Strong and stock is gaining 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 red color and prices are in or above the red cloud Prices appear to be moving up

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

RSI is generating a BUY signal in short term and the buying is gaining 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 41.06 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.