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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 2022-05-02 View latest technical analysis

10 day averaged volume of Steel Exchange is 400845

Date Daily Closing Price Open High Low Volume
02 Mon May 2022 221.45 219.00 227.75 217.00 0.638 times
29 Fri Apr 2022 220.15 215.10 222.45 212.45 2.211 times
28 Thu Apr 2022 211.90 212.60 216.45 211.05 0.472 times
27 Wed Apr 2022 213.25 215.70 220.15 211.00 1.08 times
26 Tue Apr 2022 215.70 219.80 222.00 213.45 1.044 times
25 Mon Apr 2022 213.10 213.40 218.05 209.15 0.619 times
22 Fri Apr 2022 216.20 222.95 231.05 213.50 0.718 times
21 Thu Apr 2022 224.30 234.90 234.90 217.55 1.008 times
20 Wed Apr 2022 228.15 215.65 229.95 210.90 1.138 times
19 Tue Apr 2022 220.65 230.00 230.00 216.20 1.177 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 216.6 as stoploss in an intra day buy trade for a target of 229.5. However, stock will show a bearish move below 216.6.

Share price targets for Steel Exchange (STEELXIND)

Target Type Value
Downside Target 86.00
Downside Target 175.30
Downside Target 183.40
Downside Target 191.00
Downside Target 209.15
Downside Target 217.00
Upside Target 222.45
Upside Target 227.00
Upside Target 235.05
Upside Target 236.30
Upside Target 242.90
Upside Target 255.85
Upside Target 258.70

Intraday share price targets for Steel Exchange (STEELXIND)

Target Type Value
Downside Intraday Target 216.38
Downside Intraday Target 211.32
Upside Intraday Target 227.13
Upside Intraday Target 232.82
Upside Intraday Target 222.07

Weekly technical analysis of Steel Exchange (STEELXIND)

Date Weekly Closing Price Open High Low Volume
02 Mon May 2022 221.45 219.00 227.75 217.00 0.118 times
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

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
02 Mon May 2022 221.45 219.00 227.75 217.00 0.034 times
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

Scroll below to view daily charts

Price has moved up this month, but volume has not increased substantially. This means that the move can be temporary and might not continue in coming months.

Indicators analysis of Steel Exchange (STEELXIND)

Indicator Name Indicator Value Indicator Signal
ADX 25, 19, 13 Buy
MACD 24, 31Sell
Stochastics 32None
CCI 56Buy
RSI 64Buy
OBV 839432Sell
VWAP 219Buy
ADL 0Sell
ROC -3Sell
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 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 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 gaining momentum.

MACD generated a SELL signal for Steel Exchange in short term but the sell signal is initial and weak.

Steel Exchange Stock in short term is moving inside a range for now. Please check in a day or two to for a better buy sell signal. 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 and BUY 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 219.31 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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Daily charts

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