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

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

Showing technical analysis as on 2021-11-17 View latest technical analysis

10 day averaged volume of Steel Exchange is 740955

Date Daily Closing Price Open High Low Volume
17 Wed Nov 2021 80.30 80.95 81.50 79.60 0.201 times
16 Tue Nov 2021 80.55 83.00 83.00 79.45 0.485 times
15 Mon Nov 2021 81.15 86.00 86.00 78.35 0.939 times
12 Fri Nov 2021 85.60 85.15 86.90 82.50 0.469 times
11 Thu Nov 2021 84.45 86.00 87.65 83.90 0.456 times
10 Wed Nov 2021 87.05 86.50 88.50 85.70 0.648 times
09 Tue Nov 2021 88.05 88.70 90.35 87.25 0.549 times
08 Mon Nov 2021 89.30 91.90 92.30 86.80 0.501 times
04 Thu Nov 2021 91.25 92.50 94.30 89.25 0.737 times
03 Wed Nov 2021 90.50 87.30 91.50 87.25 2.755 times

My analysis of stock is bearish for shortterm, and stock might move down till 74.9 or till 67.5. Use a stoploss of 81.05 and if the stock hits stoploss, then it can shoot up till 87.22

Share price targets for Steel Exchange (STEELXIND)

Target Type Value
Downside Target 66.20
Downside Target 69.20
Downside Target 71.25
Downside Target 73.00
Downside Target 78.00
Upside Target 80.70
Upside Target 82.50
Upside Target 82.55
Upside Target 86.00
Upside Target 89.00
Upside Target 92.30
Upside Target 94.30

Intraday share price targets for Steel Exchange (STEELXIND)

Target Type Value
Downside Intraday Target 77.1
Downside Intraday Target 73.9
Upside Intraday Target 84.75
Upside Intraday Target 89.2
Upside Intraday Target 81.55

Weekly technical analysis of Steel Exchange (STEELXIND)

Date Weekly Closing Price Open High Low Volume
17 Wed Nov 2021 80.30 86.00 86.00 78.35 0.62 times
12 Fri Nov 2021 85.60 91.90 92.30 82.50 0.366 times
04 Thu Nov 2021 91.25 75.80 94.30 74.10 6.318 times
29 Fri Oct 2021 73.30 78.00 78.10 73.00 0.365 times
22 Fri Oct 2021 76.10 79.00 80.70 71.25 0.772 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 Exchange (STEELXIND)

Date Monthly Closing Price Open High Low Volume
17 Wed Nov 2021 80.30 75.80 94.30 74.10 1.208 times
29 Fri Oct 2021 73.30 74.80 82.05 69.20 1.444 times
30 Thu Sep 2021 74.45 81.85 82.55 67.50 0.149 times
31 Tue Aug 2021 81.70 76.00 89.00 67.15 2.761 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 Exchange (STEELXIND)

Indicator Name Indicator Value Indicator Signal
ADX 20, 23, 8 Sell
MACD 3, 4Sell
Stochastics 20Sell
CCI -113Sell
RSI 64Buy
OBV 1747858Sell
VWAP 87Sell
ADL 0Sell
ROC -7Sell
Force Index 0Sell

Price action analysis of Steel Exchange ( (STEELXIND) ) 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 Exchange ( (STEELXIND) ) 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 Exchange ( (STEELXIND) ) based on a short to mid 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 Exchange ( (STEELXIND) ) based on a mid to longer term time period is

ADX buy sell signal for Steel Exchange stock for short term is SELL. Signal strength is Weak and stock is losing momentum.

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

Steel Exchange 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 in or above the red cloud Prices appear to be coming down

CCI has generated a SELL signal for Steel Exchange 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 Exchange is picking up selling momentum according to indicator.

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 87.36 and Steel Exchange (STEELXIND) stock is trading below this level. This means that stock is falling with high volumes. VWAP is rising upwards.

People seem to be coming out and selling the Steel Exchange (STEELXIND) stock. Volume based technical analysis of Steel Exchange (STEELXIND) stock is negative.

Steel Exchange Stock has given negative 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.

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Daily charts

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Daily chart

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