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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 2024-02-16 View latest technical analysis

10 day averaged volume of Steel Exchange is 13954225

Date	Daily Closing Price	Open	High	Low	Volume
16 Fri Feb 2024	15.45	15.30	15.50	15.05	0.303 times
15 Thu Feb 2024	15.30	15.50	15.60	15.20	0.39 times
14 Wed Feb 2024	15.20	14.40	15.40	14.25	0.433 times
13 Tue Feb 2024	14.85	14.80	15.45	13.70	0.875 times
12 Mon Feb 2024	14.85	15.95	16.00	14.30	0.878 times
09 Fri Feb 2024	15.85	16.25	16.35	15.25	0.827 times
08 Thu Feb 2024	16.25	16.90	17.00	16.10	0.697 times
07 Wed Feb 2024	16.80	17.05	17.20	16.15	1.144 times
06 Tue Feb 2024	16.95	17.40	17.40	16.80	1.207 times
05 Mon Feb 2024	17.25	17.20	17.85	16.95	2.491 times

My analysis of stock is bearish for shortterm, and stock might move down till 13.7 or till 11.5. Use a stoploss of 15.49 and if the stock hits stoploss, then it can shoot up till 17.3

Share price targets for Steel Exchange (STEELXIND)

Target Type	Value
Downside Target	7.80
Downside Target	8.20
Downside Target	9.60
Downside Target	9.95
Downside Target	10.30
Downside Target	10.90
Downside Target	11.30
Downside Target	11.70
Downside Target	13.15
Downside Target	13.70
Downside Target	15.05
Upside Target	16.00
Upside Target	17.85
Upside Target	18.40

Intraday share price targets for Steel Exchange (STEELXIND)

Target Type	Value
Downside Intraday Target	14.1
Downside Intraday Target	12.75
Upside Intraday Target	16.4
Upside Intraday Target	17.35
Downside Intraday Target	15.05

Weekly technical analysis of Steel Exchange (STEELXIND)

Date	Weekly Closing Price	Open	High	Low	Volume
16 Fri Feb 2024	15.45	15.95	16.00	13.70	0.452 times
09 Fri Feb 2024	15.85	17.20	17.85	15.25	0.437 times
02 Fri Feb 2024	16.90	15.45	18.40	15.05	1.572 times
25 Thu Jan 2024	14.90	12.30	15.30	10.90	4.865 times
19 Fri Jan 2024	12.40	12.80	13.15	11.70	0.468 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 Fri Feb 2024	15.45	17.50	17.85	13.70	0.29 times
31 Wed Jan 2024	17.35	10.40	18.40	10.30	5.504 times
29 Fri Dec 2023	10.45	10.25	10.95	9.60	1.076 times
30 Thu Nov 2023	10.10	8.95	11.30	8.20	1.201 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)

Price action analysis of Steel Exchange ( (STEELXIND) ) based on a short term time period is positive, but buyers have become active on the stock recently. This cannot be a definite uptrend, 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 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 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 in short term is moving inside a range for now. Please check in a day or two to for a better buy sell signal. Bears are weakening, and bulls are picking up momentum!

Ichimoku cloud is of green color and prices are above the green cloud Prices appear to be moving up

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

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 16.26 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.