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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 2022-04-28 View latest technical analysis

10 day averaged volume of Steel Exchange is 339092

Date Daily Closing Price Open High Low Volume
28 Thu Apr 2022 211.90 212.60 216.45 211.05 0.558 times
27 Wed Apr 2022 213.25 215.70 220.15 211.00 1.276 times
26 Tue Apr 2022 215.70 219.80 222.00 213.45 1.234 times
25 Mon Apr 2022 213.10 213.40 218.05 209.15 0.732 times
22 Fri Apr 2022 216.20 222.95 231.05 213.50 0.849 times
21 Thu Apr 2022 224.30 234.90 234.90 217.55 1.192 times
20 Wed Apr 2022 228.15 215.65 229.95 210.90 1.346 times
19 Tue Apr 2022 220.65 230.00 230.00 216.20 1.391 times
18 Mon Apr 2022 227.55 236.30 236.30 226.20 0.63 times
13 Wed Apr 2022 238.10 246.80 246.80 235.05 0.309 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 218.4, but if it comes above 218.4, then a intra day buy could be more profitable.
If you take a sell trade below 218.4, then use 218.4 as stoploss and 203.1 as target. However if you take a buy trade in stock , then use 218.4 as stoploss and 231.16 as target.

Share price targets for Steel Exchange (STEELXIND)

Target Type Value
Downside Target 74.10
Downside Target 86.00
Downside Target 96.00
Downside Target 175.30
Downside Target 183.40
Downside Target 191.00
Downside Target 209.15
Upside Target 222.00
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 206.7
Downside Intraday Target 201.5
Upside Intraday Target 219.55
Upside Intraday Target 227.2
Upside Intraday Target 214.35

Weekly technical analysis of Steel Exchange (STEELXIND)

Date Weekly Closing Price Open High Low Volume
28 Thu Apr 2022 211.90 213.40 222.00 209.15 0.703 times
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

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
28 Thu Apr 2022 211.90 244.75 258.70 209.15 9.042 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 19, 23, 10 Sell
MACD 27, 36Sell
Stochastics 10Sell
CCI -95Sell
RSI 66Buy
OBV -54194Sell
VWAP 220Sell
ADL 0Sell
ROC -13Sell
Force Index 0Sell

Price action analysis of Steel Exchange ( (STEELXIND) ) based on a short term time period is positive, but trend is highly volatile. A longer time period analysis might give a better idea of the trend.

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 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 and the buying is gaining 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 220.07 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.

Click here for Steel Exchange charts

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Daily charts

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Daily chart

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