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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.

10 day averaged volume of Steel Strips is 377021

Date	Daily Closing Price	Open	High	Low	Volume
18 Thu Apr 2024	226.40	229.65	234.75	224.75	2.246 times
16 Tue Apr 2024	228.80	223.90	238.50	223.90	2.468 times
15 Mon Apr 2024	224.45	227.00	228.25	220.30	0.552 times
12 Fri Apr 2024	227.90	233.25	235.00	227.50	2.137 times
10 Wed Apr 2024	233.25	236.90	237.65	232.10	0.893 times
09 Tue Apr 2024	234.60	236.85	240.65	232.70	0.579 times
08 Mon Apr 2024	236.40	239.00	241.45	234.15	0.856 times
05 Fri Apr 2024	238.10	241.50	243.60	237.10	0.573 times
04 Thu Apr 2024	240.95	239.95	242.95	238.40	0.556 times
03 Wed Apr 2024	239.15	233.70	241.55	233.10	0.736 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 bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 226.5, but if it comes above 226.5, then a intra day buy could be more profitable.
If you take a sell trade below 226.5, then use 226.5 as stoploss and 218.6 as target. However if you take a buy trade in stock , then use 226.5 as stoploss and 233.09 as target.

Share price targets for Steel Strips (SSWL)

Target Type	Value
Downside Target	211.05
Downside Target	217.60
Upside Target	238.50
Upside Target	243.60
Upside Target	244.15
Upside Target	247.00
Upside Target	250.00
Upside Target	260.95
Upside Target	284.00
Upside Target	286.50
Upside Target	289.50

Intraday share price targets for Steel Strips (SSWL)

Target Type	Value
Downside Intraday Target	218.3
Downside Intraday Target	210.2
Upside Intraday Target	236.5
Upside Intraday Target	246.6
Upside Intraday Target	228.4

Weekly technical analysis of Steel Strips (SSWL)

Date	Weekly Closing Price	Open	High	Low	Volume
18 Thu Apr 2024	226.40	227.00	238.50	220.30	1.179 times
12 Fri Apr 2024	227.90	239.00	241.45	227.50	1.109 times
05 Fri Apr 2024	238.10	224.20	243.60	223.25	1.408 times
28 Thu Mar 2024	220.90	232.10	232.80	217.60	1.216 times
22 Fri Mar 2024	231.40	238.80	247.00	229.00	0.571 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 Steel Strips (SSWL)

Date	Monthly Closing Price	Open	High	Low	Volume
18 Thu Apr 2024	226.40	224.20	243.60	220.30	1.193 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
31 Wed Jan 2024	279.80	258.00	289.50	244.15	2.864 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 Steel Strips (SSWL)

Price action analysis of Steel Strips ( (SSWL) ) 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 Steel Strips ( (SSWL) ) based on a short to mid 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 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 SELL. Signal strength is Weak and stock is gaining momentum.

MACD generated a SELL signal for Steel Strips in short term and the sell signal is strong.

Steel Strips 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 red color and prices are below the red cloud Prices appear to be coming down

CCI has generated a SELL signal for Steel Strips in short term and SELL signal is strong!

RSI is generating a BUY signal in short term and the buying is gaining momentum.

MRSI is in positive zone. This is a BUY zone

Although the stock is in the BUY zone, but buying 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 230.85 and Steel Strips (SSWL) 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 Steel Strips (SSWL) stock. Volume based technical analysis of Steel Strips (SSWL) stock is negative.

Steel Strips 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.