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(MODIRUBBER_BE) Modi Rubber complete technical analysis [charts+indicators] | Buy/Sell Modi Rubber | (MODIRUBBER_BE) share price targets

Complete technical analysis of Modi Rubber (MODIRUBBER_BE) by charts plus indicators, forecast predictions and share price targets for Modi Rubber (MODIRUBBER_BE)

Showing technical analysis as on 2024-06-06 View latest technical analysis

10 day averaged volume of Modi Rubber is 3527

Date	Daily Closing Price	Open	High	Low	Volume
06 Thu Jun 2024	90.30	89.10	91.85	88.10	0.559 times
05 Wed Jun 2024	89.05	89.00	90.40	85.00	0.832 times
04 Tue Jun 2024	89.00	95.50	95.50	87.85	1.247 times
03 Mon Jun 2024	92.45	94.95	94.95	90.75	1.112 times
31 Fri May 2024	92.20	93.60	93.60	91.10	0.556 times
30 Thu May 2024	93.50	94.05	95.10	92.50	1.321 times
29 Wed May 2024	95.50	95.25	96.00	91.50	0.967 times
28 Tue May 2024	95.80	97.75	97.75	95.10	0.931 times
27 Mon May 2024	97.65	101.30	101.30	97.00	1.153 times
24 Fri May 2024	96.95	96.10	99.40	96.10	0.415 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 92.4, but if it comes above 92.4, then a intra day buy could be more profitable.
If you take a sell trade below 92.4, then use 92.4 as stoploss and 88.5 as target. However if you take a buy trade in stock , then use 92.4 as stoploss and 95.68 as target.

Share price targets for Modi Rubber (MODIRUBBER_BE)

Target Type	Value
Downside Target	85.00
Upside Target	91.00
Upside Target	94.60
Upside Target	99.50
Upside Target	100.85
Upside Target	100.95
Upside Target	101.30
Upside Target	102.00
Upside Target	105.25
Upside Target	106.00
Upside Target	107.85
Upside Target	109.20

Intraday share price targets for Modi Rubber (MODIRUBBER_BE)

Target Type	Value
Downside Intraday Target	85.03
Downside Intraday Target	79.77
Upside Intraday Target	95.53
Upside Intraday Target	100.77
Downside Intraday Target	90.27

Weekly technical analysis of Modi Rubber (MODIRUBBER_BE)

Date	Weekly Closing Price	Open	High	Low	Volume
06 Thu Jun 2024	90.30	94.95	95.50	85.00	0.761 times
31 Fri May 2024	92.20	101.30	101.30	91.10	1.034 times
24 Fri May 2024	96.95	100.00	100.85	95.65	1.428 times
18 Sat May 2024	98.45	100.95	100.95	95.00	0.933 times
10 Fri May 2024	97.05	101.00	102.00	94.60	0.297 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 Modi Rubber (MODIRUBBER_BE)

Date	Monthly Closing Price	Open	High	Low	Volume
06 Thu Jun 2024	90.30	94.95	95.50	85.00	0.149 times
31 Fri May 2024	92.20	100.55	105.25	91.10	2.92 times
30 Tue Apr 2024	104.20	102.00	107.85	99.50	1.47 times
07 Thu Mar 2024	95.00	100.00	106.00	91.00	0.103 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 Modi Rubber (MODIRUBBER_BE)

Price action analysis of Modi Rubber ( (MODIRUBBER_BE) ) 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 Modi Rubber ( (MODIRUBBER_BE) ) 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 Modi Rubber ( (MODIRUBBER_BE) ) 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 Modi Rubber stock for short term is SELL. Signal strength is Strong and stock is losing momentum.

MACD generated a SELL signal for Modi Rubber in short term and the sell signal is strong.

Modi Rubber 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 Modi Rubber in short term but BUY signal is weak.

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

Although the stock is in the SELL zone, but selling might be slowing down

Stock of Modi Rubber is picking up selling momentum according to indicator.

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 93.2 and Modi Rubber (MODIRUBBER_BE) 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 Modi Rubber (MODIRUBBER_BE) stock. Volume based technical analysis of Modi Rubber (MODIRUBBER_BE) stock is negative.

Modi Rubber 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.