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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 2022-05-18 View latest technical analysis

10 day averaged volume of Steel Exchange is 391733

Date Daily Closing Price Open High Low Volume
18 Wed May 2022 150.55 144.95 150.55 144.10 2.329 times
17 Tue May 2022 143.40 143.05 148.00 143.05 1.457 times
16 Mon May 2022 150.55 160.00 161.10 150.55 0.786 times
13 Fri May 2022 158.45 161.00 167.45 152.30 1.636 times
12 Thu May 2022 160.30 162.30 168.85 160.30 0.366 times
11 Wed May 2022 168.70 165.15 179.80 165.15 2.662 times
10 Tue May 2022 173.80 173.80 179.00 173.80 1.261 times
09 Mon May 2022 182.90 192.00 192.00 182.90 0.132 times
06 Fri May 2022 192.50 201.55 202.50 192.50 0.455 times
05 Thu May 2022 202.60 214.00 214.00 200.30 0.595 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 trade for tomorrow is selective. Take a sell trade only if stock stays below 164.8, but if it comes above 164.8, then a intra day buy could be more profitable.
If you take a sell trade below 164.8, then use 164.8 as stoploss and 131.1 as target. However if you take a buy trade in stock , then use 164.8 as stoploss and 192.94 as target.

Share price targets for Steel Exchange (STEELXIND)

Target Type Value
Downside Target 86.00
Downside Target 143.05
Upside Target 152.30
Upside Target 161.10
Upside Target 175.30
Upside Target 183.40
Upside Target 191.00
Upside Target 209.15
Upside Target 222.45
Upside Target 227.75
Upside Target 232.00
Upside Target 236.30
Upside Target 242.90
Upside Target 258.70

Intraday share price targets for Steel Exchange (STEELXIND)

Target Type Value
Downside Intraday Target 142.03
Downside Intraday Target 133.52
Upside Intraday Target 160.08
Upside Intraday Target 169.62
Upside Intraday Target 151.57

Weekly technical analysis of Steel Exchange (STEELXIND)

Date Weekly Closing Price Open High Low Volume
18 Wed May 2022 150.55 160.00 161.10 143.05 0.755 times
13 Fri May 2022 158.45 192.00 192.00 152.30 2.575 times
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

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
18 Wed May 2022 150.55 219.00 227.75 143.05 0.681 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 11, 45, 61 Sell
MACD -17, -7Sell
Stochastics 4Sell
CCI -89Buy
RSI 54Buy
OBV -3022160Sell
VWAP 162Sell
ADL 0Sell
ROC -29Sell
Force Index 0Sell

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 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 losing 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 red color and prices are in or above the red 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 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 162.37 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.

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Daily charts

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