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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 2022-05-06 View latest technical analysis

10 day averaged volume of Steel Exchange is 361016

Date Daily Closing Price Open High Low Volume
06 Fri May 2022 192.50 201.55 202.50 192.50 0.494 times
05 Thu May 2022 202.60 214.00 214.00 200.30 0.645 times
04 Wed May 2022 210.80 221.90 223.55 210.40 0.705 times
02 Mon May 2022 221.45 219.00 227.75 217.00 0.708 times
29 Fri Apr 2022 220.15 215.10 222.45 212.45 2.455 times
28 Thu Apr 2022 211.90 212.60 216.45 211.05 0.524 times
27 Wed Apr 2022 213.25 215.70 220.15 211.00 1.199 times
26 Tue Apr 2022 215.70 219.80 222.00 213.45 1.159 times
25 Mon Apr 2022 213.10 213.40 218.05 209.15 0.688 times
22 Fri Apr 2022 216.20 222.95 231.05 213.50 0.797 times

Although my analysis for stock is bearish for shortterm, but stock is in heavy over sold zones and there are high chances of some recovery tomorrow. You might want to buy the stock tomorrow in intra day with a stoploss of 189.4, for a target of 208.5 or 224.44

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
Upside Target 209.15
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 180.75
Downside Intraday Target 169
Upside Intraday Target 216
Upside Intraday Target 239.5
Upside Intraday Target 204.25

Weekly technical analysis of Steel Exchange (STEELXIND)

Date Weekly Closing Price Open High Low Volume
06 Fri May 2022 192.50 219.00 227.75 192.50 0.424 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 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
06 Fri May 2022 192.50 219.00 227.75 192.50 0.123 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 down 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 18, 33, 29 Sell
MACD 15, 23Sell
Stochastics 4Sell
CCI -226Sell
RSI 57Buy
OBV -161655Sell
VWAP 214Sell
ADL 0Sell
ROC -14Sell
Force Index 0Sell

Price action analysis of Steel Exchange ( (STEELXIND) ) based on a short term time period is negative, but sellers have recently become active on the stock. This cannot be called a strong downtrend, specially if selected time duration is small

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 Strong 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 red color and prices are in or above the red 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

Although the stock is in the SELL zone, but selling might be slowing down

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

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 214.13 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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