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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 2022-04-21 View latest technical analysis

10 day averaged volume of Steel Exchange is 408826

Date Daily Closing Price Open High Low Volume
21 Thu Apr 2022 224.30 234.90 234.90 217.55 0.989 times
20 Wed Apr 2022 228.15 215.65 229.95 210.90 1.116 times
19 Tue Apr 2022 220.65 230.00 230.00 216.20 1.154 times
18 Mon Apr 2022 227.55 236.30 236.30 226.20 0.522 times
13 Wed Apr 2022 238.10 246.80 246.80 235.05 0.256 times
12 Tue Apr 2022 243.60 245.55 250.00 237.75 0.864 times
11 Mon Apr 2022 250.25 254.00 258.70 242.40 1.099 times
08 Fri Apr 2022 253.95 253.00 255.85 250.00 1.665 times
07 Thu Apr 2022 247.15 239.95 248.50 238.30 1.385 times
06 Wed Apr 2022 237.45 240.00 240.20 234.00 1.452 times

My analysis of stock is bearish for shortterm, and stock might move down till 201.3 or till 172.3. Use a stoploss of 225.47 and if the stock hits stoploss, then it can shoot up till 249.63

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 210.90
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 211.37
Downside Intraday Target 198.43
Upside Intraday Target 236.77
Upside Intraday Target 249.23
Downside Intraday Target 223.83

Weekly technical analysis of Steel Exchange (STEELXIND)

Date Weekly Closing Price Open High Low Volume
21 Thu Apr 2022 224.30 236.30 236.30 210.90 1.704 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, and volume has increased substantially. This means that the move can continue in coming weeks.

Monthly technical analysis of Steel Exchange (STEELXIND)

Date Monthly Closing Price Open High Low Volume
21 Thu Apr 2022 224.30 244.75 258.70 210.90 6.874 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 24, 24, 0 Sell
MACD 43, 51Sell
Stochastics 25Sell
CCI -81Buy
RSI 66Buy
OBV 5406856Sell
VWAP 239Sell
ADL 0Sell
ROC -2Sell
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 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 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 weakening, and bulls are picking up momentum!

Ichimoku cloud is of green color and prices are above the green cloud Prices appear to be coming down

CCI has generated a buy signal for Steel Exchange in short term but BUY signal is weak.

RSI is generating a BUY signal in short term and the buying is gaining 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 238.64 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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