(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, -52 | Buy |
| Stochastics | 10 | Sell |
| CCI | -114 | Sell |
| RSI | 46 | Sell |
| OBV | -10131518 | Sell |
| VWAP | 15 | Sell |
| ADL | 0 | Sell |
| ROC | -23 | Sell |
| Force Index | 0 | Sell |
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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