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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)

10 day averaged volume of Steel Exchange is 6161275

Date Daily Closing Price Open High Low Volume
12 Fri Aug 2022 14.45 14.30 14.80 14.20 0.173 times
11 Thu Aug 2022 14.75 14.95 15.55 14.15 0.654 times
10 Wed Aug 2022 14.85 14.55 15.60 14.55 1.133 times
08 Mon Aug 2022 15.30 15.30 15.30 15.30 0.166 times
05 Fri Aug 2022 16.10 15.55 16.10 15.45 2.682 times
04 Thu Aug 2022 15.35 15.30 15.35 14.75 2.487 times
03 Wed Aug 2022 14.65 14.65 16.15 14.65 2.39 times
02 Tue Aug 2022 15.40 15.40 15.40 15.40 0.095 times
01 Mon Aug 2022 16.20 16.20 16.20 16.20 0.053 times
30 Sat Jul 2022 17.05 17.05 17.05 17.05 0.292 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 15.2, but if it comes above 15.2, then a intra day buy could be more profitable.
If you take a sell trade below 15.2, then use 15.2 as stoploss and 11.3 as target. However if you take a buy trade in stock , then use 15.2 as stoploss and 18.37 as target.

Share price targets for Steel Exchange (STEELXIND)

Target Type Value
Downside Target 14.15
Upside Target 14.65
Upside Target 15.60
Upside Target 16.20
Upside Target 17.05
Upside Target 21.25
Upside Target 23.55
Upside Target 119.25
Upside Target 130.05
Upside Target 167.50
Upside Target 209.15
Upside Target 223.80
Upside Target 227.75
Upside Target 258.70

Intraday share price targets for Steel Exchange (STEELXIND)

Target Type Value
Downside Intraday Target 13.87
Downside Intraday Target 13.28
Upside Intraday Target 15.32
Upside Intraday Target 16.18
Upside Intraday Target 14.73

Weekly technical analysis of Steel Exchange (STEELXIND)

Date Weekly Closing Price Open High Low Volume
12 Fri Aug 2022 14.45 15.30 15.60 14.15 0.276 times
05 Fri Aug 2022 16.10 16.20 16.20 14.65 6.61 times
30 Sat Jul 2022 17.05 21.20 21.25 17.05 0.312 times
22 Fri Jul 2022 21.35 23.00 23.55 21.35 0.56 times
15 Fri Jul 2022 22.45 220.00 223.80 21.30 6.277 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
12 Fri Aug 2022 14.45 16.20 16.20 14.15 0.769 times
30 Sat Jul 2022 17.05 168.00 223.80 17.05 11.459 times
30 Thu Jun 2022 161.30 164.80 167.50 119.25 0.615 times
31 Tue May 2022 161.35 219.00 227.75 130.05 1.497 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 Exchange (STEELXIND)

Indicator Name Indicator Value Indicator Signal
ADX 17, 64, 58 Sell
MACD -47, -52Buy
Stochastics 10Sell
CCI -114Sell
RSI 46Sell
OBV -10131518Sell
VWAP 15Sell
ADL 0Sell
ROC -23Sell
Force Index 0Sell

Price action analysis of Steel Exchange ( (STEELXIND) ) based on a short 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 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 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 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 Steel Exchange stock for short term is SELL. Signal strength is Strong and stock is gaining momentum.

MACD generated a BUY signal for Steel Exchange 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 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 below 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 SELL signal in short term but selling is losing 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 15.33 and Steel Exchange (STEELXIND) 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 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 negative.

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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