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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 2024-03-07 View latest technical analysis

10 day averaged volume of Steel Exchange is 4790320

Date	Daily Closing Price	Open	High	Low	Volume
07 Thu Mar 2024	15.15	13.75	15.15	13.70	1.685 times
06 Wed Mar 2024	13.80	14.40	14.45	13.60	1.344 times
05 Tue Mar 2024	14.35	14.45	14.60	14.15	0.639 times
04 Mon Mar 2024	14.60	15.10	15.10	14.50	0.669 times
02 Sat Mar 2024	14.95	14.55	15.20	14.55	0.338 times
01 Fri Mar 2024	14.55	14.60	14.90	14.40	0.815 times
29 Thu Feb 2024	14.60	14.50	14.95	14.00	0.879 times
28 Wed Feb 2024	14.50	14.55	15.15	14.25	1.477 times
27 Tue Feb 2024	14.60	14.95	15.15	14.50	1.123 times
26 Mon Feb 2024	14.95	15.85	16.00	14.90	1.797 times

My analysis of stock is bullish for shortterm, and stock might move up till 15.7 or till 16.5. Use a stoploss of 15.09 and if this stock hits its stoploss, then it can fall down till 14.45

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	13.60
Downside Target	14.00
Downside Target	15.15
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	14.12
Downside Intraday Target	13.08
Upside Intraday Target	15.67
Upside Intraday Target	16.18
Downside Intraday Target	14.63

Weekly technical analysis of Steel Exchange (STEELXIND)

Date	Weekly Closing Price	Open	High	Low	Volume
07 Thu Mar 2024	15.15	15.10	15.15	13.60	0.674 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 up 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
07 Thu Mar 2024	15.15	14.60	15.20	13.60	0.124 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 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 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 Weak and stock is losing momentum.

MACD generated a SELL signal for Steel Exchange in short term but the sell signal is initial and weak.

MACD line is moving upwards which means that SELL signal is weakening, and buying is picking up momentum.

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 above the green cloud Prices appear to be moving up

CCI has generated a buy signal for Steel Exchange in short term and BUY signal is strong.

RSI is generating a BUY signal in short term and the buying is gaining 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 14.62 and Steel Exchange (STEELXIND) stock is trading above this level. This is a good sign for the stock and it could move higher. 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.