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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)

10 day averaged volume of Steel Exchange is 4202369

Date	Daily Closing Price	Open	High	Low	Volume
26 Fri Apr 2024	14.10	14.00	14.30	13.95	0.723 times
25 Thu Apr 2024	13.90	14.00	14.10	13.85	0.587 times
24 Wed Apr 2024	14.00	14.20	14.25	13.90	0.626 times
23 Tue Apr 2024	14.05	14.05	14.30	13.95	0.977 times
22 Mon Apr 2024	14.00	13.90	14.10	13.80	0.419 times
19 Fri Apr 2024	13.80	13.80	13.90	13.60	0.521 times
18 Thu Apr 2024	13.95	14.10	14.35	13.90	1.043 times
16 Tue Apr 2024	14.00	13.85	14.20	13.80	0.822 times
15 Mon Apr 2024	14.00	14.30	14.50	13.75	1.737 times
12 Fri Apr 2024	14.90	14.95	15.10	14.80	0.875 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 13.9 as stoploss in an intra day buy trade for a target of 14.41. However, stock will show a bearish move below 13.9.

Share price targets for Steel Exchange (STEELXIND)

Target Type	Value
Downside Target	9.60
Downside Target	10.30
Downside Target	10.95
Downside Target	12.00
Downside Target	13.60
Downside Target	14.10
Upside Target	14.70
Upside Target	15.30
Upside Target	15.70
Upside Target	15.80
Upside Target	17.85
Upside Target	18.40

Intraday share price targets for Steel Exchange (STEELXIND)

Target Type	Value
Downside Intraday Target	13.83
Downside Intraday Target	13.57
Upside Intraday Target	14.33
Upside Intraday Target	14.57
Downside Intraday Target	14.07

Weekly technical analysis of Steel Exchange (STEELXIND)

Date	Weekly Closing Price	Open	High	Low	Volume
26 Fri Apr 2024	14.10	13.90	14.30	13.80	0.808 times
19 Fri Apr 2024	13.80	14.30	14.50	13.60	0.606 times
12 Fri Apr 2024	14.90	14.95	15.80	14.70	1.032 times
05 Fri Apr 2024	14.95	14.45	15.70	14.10	2.388 times
28 Thu Mar 2024	13.80	14.15	14.50	13.75	0.223 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
26 Fri Apr 2024	14.10	14.45	15.80	13.60	0.703 times
28 Thu Mar 2024	13.80	14.60	15.30	12.00	0.588 times
29 Thu Feb 2024	14.60	17.50	17.85	13.70	0.395 times
31 Wed Jan 2024	17.35	10.40	18.40	10.30	5.504 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)

Price action analysis of Steel Exchange ( (STEELXIND) ) based on a short term time period is neutral. A longer time frame might give a better analysis.

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 negative. This means that there is a strong downtrend in the stock for given time period. Sellers are extremely active on this 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 and the sell signal is strong.

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 and BUY signal is strong.

RSI is generating a BUY signal in short term but buying is losing momentum.

MRSI is in positive zone. This is a BUY 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 14.08 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 negative.

Force Index is moving in a negative zone, which indicates selling momentum for short term... Selling momentum is getting weaker.