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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 2024-10-25 View latest technical analysis

10 day averaged volume of Ahmed Steel is 1672

Date	Daily Closing Price	Open	High	Low	Volume
25 Fri Oct 2024	375.55	375.55	375.55	375.55	0.299 times
24 Thu Oct 2024	383.20	383.20	383.20	383.20	2.304 times
23 Wed Oct 2024	391.00	391.00	391.00	391.00	2.696 times
22 Tue Oct 2024	383.35	383.35	383.35	383.35	0.767 times
21 Mon Oct 2024	375.85	375.85	375.85	375.00	0.573 times
18 Fri Oct 2024	368.50	368.50	368.50	368.50	1.257 times
17 Thu Oct 2024	361.30	361.30	361.30	361.30	0.774 times
16 Wed Oct 2024	354.25	354.25	354.25	354.25	0.426 times
15 Tue Oct 2024	347.35	347.35	347.35	347.35	0.46 times
14 Mon Oct 2024	340.55	340.55	340.55	340.55	0.142 times

My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 372.7, but if it comes below 372.7, then a intra day sell could be more profitable.
If you take a sell trade below 372.7, then use 372.7 as stoploss and 335.65 as target. However if you take a buy trade in stock , then use 372.7 as stoploss and 417.2 as target.

Share price targets for Ahmed Steel (AhmedSteel)

Target Type	Value
Downside Target	72.37
Downside Target	103.24
Downside Target	105.30
Downside Target	159.00
Downside Target	196.00
Downside Target	226.45
Downside Target	258.00
Downside Target	279.60
Downside Target	290.85
Downside Target	333.90
Downside Target	340.55
Downside Target	368.50
Downside Target	375.00
Upside Target	391.00

Intraday share price targets for Ahmed Steel (AhmedSteel)

Target Type	Value
Downside Intraday Target	370.03
Downside Intraday Target	364.52
Upside Intraday Target	386.03
Upside Intraday Target	396.52
Upside Intraday Target	380.52

Weekly technical analysis of Ahmed Steel (AhmedSteel)

Date	Weekly Closing Price	Open	High	Low	Volume
25 Fri Oct 2024	375.55	375.85	391.00	375.00	2.17 times
18 Fri Oct 2024	368.50	340.55	368.50	340.55	0.254 times
11 Fri Oct 2024	333.90	301.90	333.90	296.50	0.941 times
03 Thu Oct 2024	296.65	285.00	296.65	285.00	1.805 times
27 Fri Sep 2024	279.60	258.40	279.60	258.00	0.409 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
25 Fri Oct 2024	375.55	290.85	391.00	290.85	0.349 times
30 Mon Sep 2024	285.15	206.70	285.15	196.00	0.858 times
30 Fri Aug 2024	210.90	162.15	226.45	162.15	8.443 times
31 Wed Jul 2024	159.00	105.30	159.00	105.30	0.843 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 neutral. A longer time frame might give a better analysis.

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 losing momentum.

MACD generated a BUY signal for Ahmed Steel in short term and the buy signal is strong.

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 negative zone. This is the SELL zone

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 377.46 and Ahmed Steel (AhmedSteel) stock is trading below this level. This means that stock is falling with high volumes. 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.