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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 6360839

Date	Daily Closing Price	Open	High	Low	Volume
16 Tue Apr 2024	14.00	13.85	14.20	13.80	0.543 times
15 Mon Apr 2024	14.00	14.30	14.50	13.75	1.147 times
12 Fri Apr 2024	14.90	14.95	15.10	14.80	0.578 times
10 Wed Apr 2024	15.05	15.00	15.60	14.90	1.582 times
09 Tue Apr 2024	15.00	15.05	15.80	14.80	1.55 times
08 Mon Apr 2024	15.05	14.95	15.20	14.70	0.787 times
05 Fri Apr 2024	14.95	14.90	15.40	14.75	1.17 times
04 Thu Apr 2024	14.95	15.35	15.45	14.80	0.55 times
03 Wed Apr 2024	15.15	14.95	15.70	14.80	1.052 times
02 Tue Apr 2024	15.05	14.40	15.20	14.25	1.003 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 14.42. 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	12.90
Downside Target	13.70
Upside Target	14.10
Upside Target	14.50
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	13.67
Downside Intraday Target	13.33
Upside Intraday Target	14.42
Upside Intraday Target	14.83
Upside Intraday Target	14.08

Weekly technical analysis of Steel Exchange (STEELXIND)

Date	Weekly Closing Price	Open	High	Low	Volume
16 Tue Apr 2024	14.00	14.30	14.50	13.75	0.376 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
22 Fri Mar 2024	14.00	13.30	15.30	12.90	1.506 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
16 Tue Apr 2024	14.00	14.45	15.80	13.75	0.538 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 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 positive! This means that there is a strong uptrend in the stock for the given time period. Buyers are extremely bullish on the 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 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 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 14.85 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 negative.

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