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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 2024-02-15 View latest technical analysis

10 day averaged volume of Modi Rubber is 10056

Date	Daily Closing Price	Open	High	Low	Volume
15 Thu Feb 2024	88.00	89.10	89.90	86.05	0.454 times
14 Wed Feb 2024	87.35	89.50	89.50	86.00	0.26 times
13 Tue Feb 2024	87.85	91.00	91.00	86.65	0.511 times
12 Mon Feb 2024	91.20	99.00	99.00	91.20	0.707 times
09 Fri Feb 2024	96.00	100.15	102.40	94.20	1.855 times
08 Thu Feb 2024	99.15	101.90	105.00	98.85	1.369 times
07 Wed Feb 2024	101.85	101.95	101.95	97.25	2.392 times
06 Tue Feb 2024	97.10	97.00	97.10	93.00	1.818 times
05 Mon Feb 2024	92.50	92.00	92.95	89.80	0.443 times
02 Fri Feb 2024	89.75	89.85	91.50	87.30	0.432 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 86.7 as stoploss in an intra day buy trade for a target of 90.82. However, stock will show a bearish move below 86.7.

Share price targets for Modi Rubber (MODIRUBBER_BE)

Target Type	Value
Downside Target	71.00
Downside Target	81.00
Downside Target	85.35
Upside Target	89.80
Upside Target	92.20
Upside Target	94.15
Upside Target	97.50
Upside Target	97.90
Upside Target	99.00
Upside Target	100.50
Upside Target	105.00

Intraday share price targets for Modi Rubber (MODIRUBBER_BE)

Target Type	Value
Downside Intraday Target	83
Downside Intraday Target	78
Upside Intraday Target	96
Upside Intraday Target	104
Upside Intraday Target	91

Weekly technical analysis of Modi Rubber (MODIRUBBER_BE)

Date	Weekly Closing Price	Open	High	Low	Volume
15 Thu Feb 2024	88.00	99.00	99.00	86.00	0.245 times
09 Fri Feb 2024	96.00	92.00	105.00	89.80	4.12 times
02 Fri Feb 2024	89.75	91.50	91.90	87.00	1.446 times
25 Thu Jan 2024	88.70	94.15	94.15	85.35	0.603 times
19 Fri Jan 2024	89.75	97.50	97.50	88.00	0.442 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
15 Thu Feb 2024	88.00	91.90	105.00	86.00	0.738 times
31 Wed Jan 2024	88.85	85.00	97.90	82.05	2.075 times
29 Fri Dec 2023	85.00	89.00	91.00	81.00	0.44 times
30 Thu Nov 2023	89.00	82.50	100.50	81.70	0.823 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 negative, but sellers have recently become active on the stock. This cannot be called a strong downtrend, specially if selected time duration is small

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 SELL. Signal strength is Weak and stock is losing momentum.

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

Modi Rubber Stock is trading near its recent LOWS in short term which reflects strong selling momentum. Bears are getting stronger in this stock.

Ichimoku cloud is of green color and prices are in or below the green 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 BUY signal in short term but buying is losing 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 96.26 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.