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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 2024-03-19 View latest technical analysis

10 day averaged volume of Steel Exchange is 6559252

Date	Daily Closing Price	Open	High	Low	Volume
19 Tue Mar 2024	14.30	14.30	15.30	14.05	2.333 times
18 Mon Mar 2024	14.35	13.30	14.35	12.90	1.557 times
15 Fri Mar 2024	13.05	13.35	13.35	12.70	0.573 times
14 Thu Mar 2024	12.95	12.00	13.35	12.00	0.97 times
13 Wed Mar 2024	12.40	13.50	13.60	12.25	1.776 times
12 Tue Mar 2024	13.45	14.25	14.25	13.40	1.036 times
11 Mon Mar 2024	14.20	15.15	15.25	14.10	0.92 times
07 Thu Mar 2024	15.15	13.75	15.15	13.70	1.23 times
06 Wed Mar 2024	13.80	14.40	14.45	13.60	0.982 times
05 Tue Mar 2024	14.35	14.45	14.60	14.15	0.467 times

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

My analysis of stock is bearish for shortterm, and stock might move down till 13.5 or till 12.4. Use a stoploss of 14.42 and if the stock hits stoploss, then it can shoot up till 15.34

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	12.00
Downside Target	12.90
Downside Target	13.60
Downside Target	14.00
Upside Target	15.15
Upside Target	15.30
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	13.03
Downside Intraday Target	11.77
Upside Intraday Target	15.43
Upside Intraday Target	16.57
Downside Intraday Target	14.17

Weekly technical analysis of Steel Exchange (STEELXIND)

Date	Weekly Closing Price	Open	High	Low	Volume
19 Tue Mar 2024	14.30	13.30	15.30	12.90	0.737 times
15 Fri Mar 2024	13.05	15.15	15.25	12.00	1.666 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

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
19 Tue Mar 2024	14.30	14.60	15.30	12.00	0.407 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 positive, but trend is highly volatile. A longer time period analysis might give a better idea of the trend.

Price action analysis of Steel Exchange ( (STEELXIND) ) based on a short to mid term time period is positive, but trend is highly volatile. A longer time period analysis might give a better idea of the trend.

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 BUY. Signal strength is Weak and stock is losing momentum.

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

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

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. Bulls are getting stronger in this stock.

Ichimoku cloud is of red color and prices are in or above the red cloud Prices appear to be coming down

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 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 13.82 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 rising upwards.

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.