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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 2022-04-19 View latest technical analysis

10 day averaged volume of Steel Exchange is 366759

Date Daily Closing Price Open High Low Volume
19 Tue Apr 2022 220.65 230.00 230.00 216.20 1.286 times
18 Mon Apr 2022 227.55 236.30 236.30 226.20 0.582 times
13 Wed Apr 2022 238.10 246.80 246.80 235.05 0.285 times
12 Tue Apr 2022 243.60 245.55 250.00 237.75 0.963 times
11 Mon Apr 2022 250.25 254.00 258.70 242.40 1.225 times
08 Fri Apr 2022 253.95 253.00 255.85 250.00 1.856 times
07 Thu Apr 2022 247.15 239.95 248.50 238.30 1.544 times
06 Wed Apr 2022 237.45 240.00 240.20 234.00 1.619 times
05 Tue Apr 2022 228.80 236.00 238.85 227.00 0.542 times
04 Mon Apr 2022 237.40 240.80 242.70 235.60 0.684 times

My analysis of stock is bullish for shortterm, and stock might move up till 249 or till 283.5. Use a stoploss of 220.18 and if this stock hits its stoploss, then it can fall down till 191.4

Share price targets for Steel Exchange (STEELXIND)

Target Type Value
Downside Target 74.10
Downside Target 86.00
Downside Target 96.00
Downside Target 161.60
Downside Target 175.30
Downside Target 183.40
Downside Target 191.00
Downside Target 216.20
Upside Target 227.00
Upside Target 232.00
Upside Target 242.90
Upside Target 244.75
Upside Target 255.85
Upside Target 258.70

Intraday share price targets for Steel Exchange (STEELXIND)

Target Type Value
Downside Intraday Target 212.47
Downside Intraday Target 204.28
Upside Intraday Target 232.57
Upside Intraday Target 244.48
Upside Intraday Target 224.38

Weekly technical analysis of Steel Exchange (STEELXIND)

Date Weekly Closing Price Open High Low Volume
19 Tue Apr 2022 220.65 236.30 236.30 216.20 0.755 times
13 Wed Apr 2022 238.10 254.00 258.70 235.05 0.396 times
08 Fri Apr 2022 253.95 240.80 255.85 227.00 1.041 times
01 Fri Apr 2022 240.95 176.00 244.75 175.30 0.287 times
31 Fri Dec 2021 174.45 164.00 183.40 161.60 0.755 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
19 Tue Apr 2022 220.65 244.75 258.70 216.20 5.691 times
31 Thu Mar 2022 238.85 232.05 242.90 232.00 0.598 times
03 Mon Jan 2022 188.15 176.00 191.00 175.30 0.035 times
31 Fri Dec 2021 174.45 87.00 183.40 86.00 2.503 times

Scroll below to view daily charts

Price has moved down this month, and volume has increased substantially. This means that the move can continue in coming months.

Indicators analysis of Steel Exchange (STEELXIND)

Indicator Name Indicator Value Indicator Signal
ADX 28, 28, 0 Sell
MACD 49, 55Sell
Stochastics 17Sell
CCI -155Sell
RSI 66Buy
OBV 9206983Sell
VWAP 241Sell
ADL 0Sell
ROC -8Sell
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 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 to mid term time period is negative, but trend is highly volatile. A longer duration price action analysis might give a better picture of the trend in 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 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 green color and prices are in or below the green 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 but buying is losing 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 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 240.78 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 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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