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(SSWL) Steel Strips complete technical analysis [charts+indicators] | Buy/Sell Steel Strips | (SSWL) share price targets

Complete technical analysis of Steel Strips (SSWL) by charts plus indicators, forecast predictions and share price targets for Steel Strips (SSWL)

Steel Strips trades in NSE in Auto Parts & Equipment sector.

Showing technical analysis as on 2024-05-23 View latest technical analysis

10 day averaged volume of Steel Strips is 236397

Date	Daily Closing Price	Open	High	Low	Volume
23 Thu May 2024	222.65	223.90	231.00	217.75	4.644 times
22 Wed May 2024	223.30	223.60	227.70	219.80	1.152 times
21 Tue May 2024	223.30	218.00	226.50	216.10	2.493 times
18 Sat May 2024	217.00	215.30	220.00	212.80	0.373 times
17 Fri May 2024	214.05	213.20	218.00	208.55	1.499 times
16 Thu May 2024	212.25	212.60	214.40	209.40	0.576 times
15 Wed May 2024	210.55	212.60	217.20	209.35	0.91 times
14 Tue May 2024	212.60	211.15	214.90	210.25	0.748 times
13 Mon May 2024	211.15	210.00	213.00	206.55	0.58 times
10 Fri May 2024	209.60	212.30	213.20	207.90	0.861 times

Stock of Steel Strips (SSWL) has showed a significant fall. This could be a good time to exit from this stock.

My analysis of stock is bullish for shortterm, and stock might move up till 226.7 or till 235.2. Use a stoploss of 219.59 and if this stock hits its stoploss, then it can fall down till 212.51

Share price targets for Steel Strips (SSWL)

Target Type	Value
Downside Target	206.55
Downside Target	216.10
Upside Target	226.35
Upside Target	237.00
Upside Target	243.10
Upside Target	243.60
Upside Target	244.15
Upside Target	260.95
Upside Target	284.00
Upside Target	289.50

Intraday share price targets for Steel Strips (SSWL)

Target Type	Value
Downside Intraday Target	215.5
Downside Intraday Target	208.35
Upside Intraday Target	230.4
Upside Intraday Target	238.15
Upside Intraday Target	223.25

Weekly technical analysis of Steel Strips (SSWL)

Date	Weekly Closing Price	Open	High	Low	Volume
23 Thu May 2024	222.65	218.00	231.00	216.10	1.769 times
18 Sat May 2024	217.00	210.00	220.00	206.55	0.976 times
10 Fri May 2024	209.60	228.00	228.00	207.90	0.789 times
03 Fri May 2024	226.90	231.25	237.00	226.35	0.6 times
26 Fri Apr 2024	226.90	227.00	229.00	218.70	1.104 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 Steel Strips (SSWL)

Date	Monthly Closing Price	Open	High	Low	Volume
23 Thu May 2024	222.65	233.90	237.00	206.55	0.597 times
30 Tue Apr 2024	231.90	224.20	243.60	218.70	1.932 times
28 Thu Mar 2024	220.90	253.75	260.95	211.05	0.612 times
29 Thu Feb 2024	251.85	281.80	284.00	243.10	0.528 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 Steel Strips (SSWL)

Price action analysis of Steel Strips ( (SSWL) ) 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 Steel Strips ( (SSWL) ) 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 Steel Strips ( (SSWL) ) 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 Steel Strips stock for short term is BUY. Signal strength is Strong and stock is gaining momentum.

MACD generated a BUY signal for Steel Strips in short term but the buy signal is initial and weak.

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

Steel Strips 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 red color and prices are in or above the red cloud Prices appear to be coming down

CCI has generated a buy signal for Steel Strips 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

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

Stock of Steel Strips is picking up selling momentum according to indicator.

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 218.67 and Steel Strips (SSWL) 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 Steel Strips (SSWL) stock. Volume based technical analysis of Steel Strips (SSWL) stock is negative.

Steel Strips Stock is giving positive 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.