(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 2022-04-29 View latest technical analysis
10 day averaged volume of Steel Exchange is 322671
| Date | Daily Closing Price | Open | High | Low | Volume |
| 29 Fri Apr 2022 | 220.15 | 215.10 | 222.45 | 212.45 | 2.747 times |
| 28 Thu Apr 2022 | 211.90 | 212.60 | 216.45 | 211.05 | 0.586 times |
| 27 Wed Apr 2022 | 213.25 | 215.70 | 220.15 | 211.00 | 1.341 times |
| 26 Tue Apr 2022 | 215.70 | 219.80 | 222.00 | 213.45 | 1.297 times |
| 25 Mon Apr 2022 | 213.10 | 213.40 | 218.05 | 209.15 | 0.77 times |
| 22 Fri Apr 2022 | 216.20 | 222.95 | 231.05 | 213.50 | 0.892 times |
| 21 Thu Apr 2022 | 224.30 | 234.90 | 234.90 | 217.55 | 1.253 times |
| 20 Wed Apr 2022 | 228.15 | 215.65 | 229.95 | 210.90 | 1.414 times |
| 19 Tue Apr 2022 | 220.65 | 230.00 | 230.00 | 216.20 | 1.462 times |
| 18 Mon Apr 2022 | 227.55 | 236.30 | 236.30 | 226.20 | 0.662 times |
Stock of Steel Exchange (STEELXIND) has showed a significant upmove. This could be a good time to enter in this stock!
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 217.4 as stoploss in an intra day buy trade for a target of 230.37. However, stock will show a bearish move below 217.4.
Share price targets for Steel Exchange (STEELXIND)
| Target Type | Value |
| Downside Target | 74.10 |
| Downside Target | 86.00 |
| Downside Target | 96.00 |
| Downside Target | 175.30 |
| Downside Target | 183.40 |
| Downside Target | 191.00 |
| Downside Target | 209.15 |
| Upside Target | 222.45 |
| 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 | 212.05 |
| Downside Intraday Target | 203.95 |
| Upside Intraday Target | 225.35 |
| Upside Intraday Target | 230.55 |
| Downside Intraday Target | 217.25 |
Weekly technical analysis of Steel Exchange (STEELXIND)
| Date | Weekly Closing Price | Open | High | Low | Volume |
| 29 Fri Apr 2022 | 220.15 | 213.40 | 222.45 | 209.15 | 1.186 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 up 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 |
| 29 Fri Apr 2022 | 220.15 | 244.75 | 258.70 | 209.15 | 10.261 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 | 22, 21, 3 | Buy |
| MACD | 25, 33 | Sell |
| Stochastics | 19 | Sell |
| CCI | -22 | Buy |
| RSI | 66 | Buy |
| OBV | 583714 | Sell |
| VWAP | 220 | Buy |
| ADL | 0 | Sell |
| ROC | -8 | Sell |
| Force Index | 0 | Sell |
Price action analysis of Steel Exchange ( (STEELXIND) ) based on a short 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 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 BUY. 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 in or below the green cloud Prices appear to be moving up
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
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 219.61 and Steel Exchange (STEELXIND) stock is trading above this level. This is a good sign for the stock and it could move higher. 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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