(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, -7 | Sell |
| Stochastics | 4 | Sell |
| CCI | -89 | Buy |
| RSI | 54 | Buy |
| OBV | -3022160 | Sell |
| VWAP | 162 | Sell |
| ADL | 0 | Sell |
| ROC | -29 | Sell |
| Force Index | 0 | Sell |
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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