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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 2024-03-04 View latest technical analysis

10 day averaged volume of Steel Exchange is 4950582

Date	Daily Closing Price	Open	High	Low	Volume
04 Mon Mar 2024	14.60	15.10	15.10	14.50	0.648 times
02 Sat Mar 2024	14.95	14.55	15.20	14.55	0.327 times
01 Fri Mar 2024	14.55	14.60	14.90	14.40	0.789 times
29 Thu Feb 2024	14.60	14.50	14.95	14.00	0.851 times
28 Wed Feb 2024	14.50	14.55	15.15	14.25	1.429 times
27 Tue Feb 2024	14.60	14.95	15.15	14.50	1.087 times
26 Mon Feb 2024	14.95	15.85	16.00	14.90	1.739 times
23 Fri Feb 2024	15.85	15.75	16.10	15.75	0.887 times
22 Thu Feb 2024	15.90	16.05	16.05	15.20	1.04 times
21 Wed Feb 2024	15.85	16.15	16.25	15.70	0.908 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 14.7, but if it comes above 14.7, then a intra day buy could be more profitable.
If you take a sell trade below 14.7, then use 14.7 as stoploss and 13.9 as target. However if you take a buy trade in stock , then use 14.7 as stoploss and 15.37 as target.

Share price targets for Steel Exchange (STEELXIND)

Target Type	Value
Downside Target	8.20
Downside Target	9.60
Downside Target	10.30
Downside Target	10.95
Downside Target	11.30
Downside Target	13.70
Downside Target	14.00
Downside Target	14.40
Upside Target	15.10
Upside Target	16.00
Upside Target	16.75
Upside Target	17.85
Upside Target	18.40

Intraday share price targets for Steel Exchange (STEELXIND)

Target Type	Value
Downside Intraday Target	14.37
Downside Intraday Target	14.13
Upside Intraday Target	14.97
Upside Intraday Target	15.33
Upside Intraday Target	14.73

Weekly technical analysis of Steel Exchange (STEELXIND)

Date	Weekly Closing Price	Open	High	Low	Volume
04 Mon Mar 2024	14.60	15.10	15.10	14.50	0.104 times
02 Sat Mar 2024	14.95	15.85	16.00	14.00	0.994 times
23 Fri Feb 2024	15.85	15.50	16.75	15.20	0.772 times
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

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
04 Mon Mar 2024	14.60	14.60	15.20	14.40	0.041 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
29 Fri Dec 2023	10.45	10.25	10.95	9.60	1.076 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 trend is highly volatile. A longer duration price action analysis might give a better picture of the trend in 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 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 weakening, and bulls are picking up momentum!

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 positive zone. This is a BUY zone

Although the stock is in the BUY zone, but buying 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 15.03 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.