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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 2024-06-10 View latest technical analysis

10 day averaged volume of Modi Rubber is 3273

Date	Daily Closing Price	Open	High	Low	Volume
10 Mon Jun 2024	93.26	97.50	97.50	92.00	0.66 times
07 Fri Jun 2024	93.15	91.50	94.80	91.50	0.648 times
06 Thu Jun 2024	90.30	89.10	91.85	88.10	0.603 times
05 Wed Jun 2024	89.05	89.00	90.40	85.00	0.896 times
04 Tue Jun 2024	89.00	95.50	95.50	87.85	1.344 times
03 Mon Jun 2024	92.45	94.95	94.95	90.75	1.198 times
31 Fri May 2024	92.20	93.60	93.60	91.10	0.599 times
30 Thu May 2024	93.50	94.05	95.10	92.50	1.424 times
29 Wed May 2024	95.50	95.25	96.00	91.50	1.042 times
28 Tue May 2024	95.80	97.75	97.75	95.10	1.004 times

My analysis of stock is bearish for shortterm, but stock is semi over sold and there are some chances of seeing a recovery tomorrow. Use 92 as stoploss in an intra day buy trade for a target of 95.25. However, stock will show a bearish move below 92.

Share price targets for Modi Rubber (MODIRUBBER_BE)

Target Type	Value
Downside Target	85.00
Downside Target	91.00
Upside Target	95.00
Upside Target	99.50
Upside Target	100.85
Upside Target	100.95
Upside Target	101.30
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	91.01
Downside Intraday Target	88.75
Upside Intraday Target	96.51
Upside Intraday Target	99.75
Upside Intraday Target	94.25

Weekly technical analysis of Modi Rubber (MODIRUBBER_BE)

Date	Weekly Closing Price	Open	High	Low	Volume
10 Mon Jun 2024	93.26	97.50	97.50	92.00	0.141 times
07 Fri Jun 2024	93.15	94.95	95.50	85.00	0.883 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

Price has moved up 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
10 Mon Jun 2024	93.26	94.95	97.50	85.00	0.198 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 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 Modi Rubber (MODIRUBBER_BE)

Price action analysis of Modi Rubber ( (MODIRUBBER_BE) ) 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 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 neutral. A longer time frame might give a better analysis.

ADX buy sell signal for Modi Rubber stock for short term is BUY. Signal strength is Weak and stock is losing momentum.

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

MACD line is moving upwards which means that SELL signal is weakening, and buying is picking up momentum.

Modi Rubber Stock in short term is moving inside a range for now. Please check in a day or two to for a better buy sell signal. Bears are weakening, and bulls 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 Modi Rubber in short term and BUY 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

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 92.44 and Modi Rubber (MODIRUBBER_BE) stock is trading above this level. This is a good sign for the stock and it could move higher. 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.