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(SALSTEEL) S A complete technical analysis [charts+indicators] | Buy/Sell S A | (SALSTEEL) share price targets

Complete technical analysis of S A (SALSTEEL) by charts plus indicators, forecast predictions and share price targets for S A (SALSTEEL)

S A trades in NSE in Iron & Steel sector.

Showing technical analysis as on 2023-12-19 View latest technical analysis

10 day averaged volume of S A is 272284

Date	Daily Closing Price	Open	High	Low	Volume
19 Tue Dec 2023	22.90	19.40	22.90	19.15	13.514 times
18 Mon Dec 2023	19.10	19.35	19.70	19.00	0.999 times
15 Fri Dec 2023	18.95	19.05	19.55	18.80	0.969 times
14 Thu Dec 2023	19.00	19.10	19.25	18.95	0.732 times
13 Wed Dec 2023	18.90	19.10	19.10	18.85	0.447 times
12 Tue Dec 2023	19.05	19.50	19.60	18.90	0.801 times
11 Mon Dec 2023	19.35	19.40	19.70	19.00	0.913 times
08 Fri Dec 2023	19.15	19.85	19.85	18.95	1.192 times
07 Thu Dec 2023	19.55	19.10	19.75	19.10	1.869 times
06 Wed Dec 2023	19.10	18.90	19.25	18.50	1.114 times

Stock of S A (SALSTEEL) 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 21.2, for a target of 20.1 or 19.12

Share price targets for S A (SALSTEEL)

Target Type	Value
Downside Target	13.90
Downside Target	15.25
Downside Target	15.65
Downside Target	17.55
Downside Target	18.30
Downside Target	18.80
Downside Target	19.70
Downside Target	19.90
Downside Target	20.10
Downside Target	20.70
Downside Target	22.90

Intraday share price targets for S A (SALSTEEL)

Target Type	Value
Downside Intraday Target	20.3
Downside Intraday Target	17.7
Upside Intraday Target	24.2
Upside Intraday Target	25.5
Downside Intraday Target	21.6

Weekly technical analysis of S A (SALSTEEL)

Date	Weekly Closing Price	Open	High	Low	Volume
19 Tue Dec 2023	22.90	19.35	22.90	19.00	3.757 times
15 Fri Dec 2023	18.95	19.40	19.70	18.80	0.613 times
08 Fri Dec 2023	19.15	19.55	19.90	17.80	0.661 times
01 Fri Dec 2023	18.80	18.85	20.70	18.30	0.973 times
24 Fri Nov 2023	18.15	18.85	20.10	17.75	0.461 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 S A (SALSTEEL)

Date	Monthly Closing Price	Open	High	Low	Volume
19 Tue Dec 2023	22.90	18.95	22.90	17.80	0.552 times
30 Thu Nov 2023	18.70	16.40	20.70	13.90	17.596 times
02 Wed Aug 2023	17.80	18.90	19.35	17.55	0.081 times
31 Mon Jul 2023	19.00	16.00	19.65	15.25	2.863 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 S A (SALSTEEL)

Price action analysis of S A ( (SALSTEEL) ) 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 S A ( (SALSTEEL) ) based on a short term time period is neutral. A longer time frame might give a better analysis.

Price action analysis of S A ( (SALSTEEL) ) based on a short to mid term time period is positive, but trend is highly volatile. A longer time period analysis might give a better idea of the trend.

Price action analysis of S A ( (SALSTEEL) ) 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 S A stock for short term is BUY. Signal strength is Strong and stock is gaining momentum.

MACD generated a BUY signal for S A 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.

S A Stock is trading near its recent HIGHS, which reflects strong buying momentum in short term! Bulls are getting stronger in this stock.

Ichimoku cloud is of green color and prices are above the green cloud Prices appear to be moving up

CCI has generated a buy signal for S A 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 negative zone. This is the SELL zone

Stock of S A is picking up buying momentum according to indicator.

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 21.41 and S A (SALSTEEL) 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 S A (SALSTEEL) stock. Volume based technical analysis of S A (SALSTEEL) stock is negative.

S A 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.