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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 2024-03-13 View latest technical analysis

10 day averaged volume of Steel Exchange is 5041875

Date	Daily Closing Price	Open	High	Low	Volume
13 Wed Mar 2024	12.40	13.50	13.60	12.25	2.31 times
12 Tue Mar 2024	13.45	14.25	14.25	13.40	1.347 times
11 Mon Mar 2024	14.20	15.15	15.25	14.10	1.197 times
07 Thu Mar 2024	15.15	13.75	15.15	13.70	1.601 times
06 Wed Mar 2024	13.80	14.40	14.45	13.60	1.277 times
05 Tue Mar 2024	14.35	14.45	14.60	14.15	0.607 times
04 Mon Mar 2024	14.60	15.10	15.10	14.50	0.636 times
02 Sat Mar 2024	14.95	14.55	15.20	14.55	0.321 times
01 Fri Mar 2024	14.55	14.60	14.90	14.40	0.774 times
29 Thu Feb 2024	14.60	14.50	14.95	14.00	0.836 times

Stock of Steel Exchange (STEELXIND) has showed a significant fall. This could be a good time to exit from this stock.

Although my analysis for stock is bearish for shortterm, but stock is in heavy over sold zones and there are high chances of some recovery tomorrow. You might want to buy the stock tomorrow in intra day with a stoploss of 12.8, for a target of 13.9 or 14.84

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	12.25
Upside Target	13.60
Upside Target	14.00
Upside 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	11.35
Downside Intraday Target	10.3
Upside Intraday Target	14.35
Upside Intraday Target	16.3
Upside Intraday Target	13.3

Weekly technical analysis of Steel Exchange (STEELXIND)

Date	Weekly Closing Price	Open	High	Low	Volume
13 Wed Mar 2024	12.40	15.15	15.25	12.25	1.178 times
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

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
13 Wed Mar 2024	12.40	14.60	15.25	12.25	0.239 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 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 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 gaining 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 getting stronger in this stock.

Ichimoku cloud is of red color and prices are below the red 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 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 13.93 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.