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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 2022-04-22 View latest technical analysis

10 day averaged volume of Steel Exchange is 429354

Date Daily Closing Price Open High Low Volume
22 Fri Apr 2022 216.20 222.95 231.05 213.50 0.67 times
21 Thu Apr 2022 224.30 234.90 234.90 217.55 0.941 times
20 Wed Apr 2022 228.15 215.65 229.95 210.90 1.063 times
19 Tue Apr 2022 220.65 230.00 230.00 216.20 1.099 times
18 Mon Apr 2022 227.55 236.30 236.30 226.20 0.497 times
13 Wed Apr 2022 238.10 246.80 246.80 235.05 0.244 times
12 Tue Apr 2022 243.60 245.55 250.00 237.75 0.823 times
11 Mon Apr 2022 250.25 254.00 258.70 242.40 1.046 times
08 Fri Apr 2022 253.95 253.00 255.85 250.00 1.585 times
07 Thu Apr 2022 247.15 239.95 248.50 238.30 1.319 times

My analysis of stock is bearish for shortterm, but stock is semi over sold and there are some chances of seeing a recovery tomorrow. Use 205.7 as stoploss in an intra day buy trade for a target of 227.39. However, stock will show a bearish move below 205.7.

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 205.97
Downside Intraday Target 195.73
Upside Intraday Target 231.37
Upside Intraday Target 246.53
Upside Intraday Target 221.13

Weekly technical analysis of Steel Exchange (STEELXIND)

Date Weekly Closing Price Open High Low Volume
22 Fri Apr 2022 216.20 236.30 236.30 210.90 2.021 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
22 Fri Apr 2022 216.20 244.75 258.70 210.90 7.27 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 21, 24, 7 Sell
MACD 39, 48Sell
Stochastics 25Sell
CCI -91Sell
RSI 64Buy
OBV 3449983Sell
VWAP 237Sell
ADL 0Sell
ROC -9Sell
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 gaining 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 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

Stock of Steel Exchange is picking up buying momentum according to indicator.

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 237.2 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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