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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 2024-04-03 View latest technical analysis

10 day averaged volume of Steel Exchange is 7381069

Date	Daily Closing Price	Open	High	Low	Volume
03 Wed Apr 2024	15.15	14.95	15.70	14.80	0.906 times
02 Tue Apr 2024	15.05	14.40	15.20	14.25	0.864 times
01 Mon Apr 2024	14.40	14.45	14.60	14.10	0.501 times
28 Thu Mar 2024	13.80	13.90	14.25	13.75	0.41 times
27 Wed Mar 2024	14.00	14.20	14.50	13.85	0.617 times
26 Tue Mar 2024	14.10	14.15	14.25	13.75	0.545 times
22 Fri Mar 2024	14.00	14.30	14.50	13.90	0.859 times
21 Thu Mar 2024	14.35	14.15	15.20	13.95	2.069 times
20 Wed Mar 2024	14.00	14.35	14.65	13.75	0.678 times
19 Tue Mar 2024	14.30	14.30	15.30	14.05	2.074 times

My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 14.8, but if it comes below 14.8, then a intra day sell could be more profitable.
If you take a sell trade below 14.8, then use 14.8 as stoploss and 14.07 as target. However if you take a buy trade in stock , then use 14.8 as stoploss and 15.6 as target.

Share price targets for Steel Exchange (STEELXIND)

Target Type	Value
Downside Target	9.60
Downside Target	10.30
Downside Target	10.95
Downside Target	12.00
Downside Target	12.90
Downside Target	13.60
Downside Target	14.10
Downside Target	14.50
Downside Target	15.15
Upside Target	15.30
Upside Target	15.70
Upside Target	17.85
Upside Target	18.40

Intraday share price targets for Steel Exchange (STEELXIND)

Target Type	Value
Downside Intraday Target	14.27
Downside Intraday Target	13.38
Upside Intraday Target	15.87
Upside Intraday Target	16.58
Downside Intraday Target	14.98

Weekly technical analysis of Steel Exchange (STEELXIND)

Date	Weekly Closing Price	Open	High	Low	Volume
03 Wed Apr 2024	15.15	14.45	15.70	14.10	1.445 times
28 Thu Mar 2024	13.80	14.15	14.50	13.75	0.223 times
22 Fri Mar 2024	14.00	13.30	15.30	12.90	1.506 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

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
03 Wed Apr 2024	15.15	14.45	15.70	14.10	0.135 times
28 Thu Mar 2024	13.80	14.60	15.30	12.00	0.588 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

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 positive! This means that there is a strong uptrend in the stock for the given time period. Buyers are extremely bullish on the stock.

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 to mid 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 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 Strong and stock is gaining momentum.

MACD generated a BUY signal for Steel Exchange in short term and the buy signal is strong.

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 HIGHS, which reflects strong buying momentum in short term! 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 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 but buying is losing momentum.

MRSI is in positive zone. This is a BUY 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 14.36 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 is giving positive 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.