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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 2024-11-04 View latest technical analysis

10 day averaged volume of Steel Exchange is 1864399

Date	Daily Closing Price	Open	High	Low	Volume
04 Mon Nov 2024	11.25	11.97	11.97	11.19	0.846 times
01 Fri Nov 2024	11.74	11.90	11.90	11.53	0.264 times
31 Thu Oct 2024	11.49	11.20	11.55	11.16	0.668 times
30 Wed Oct 2024	11.11	10.91	11.22	10.91	0.629 times
29 Tue Oct 2024	10.91	11.00	11.10	10.86	0.665 times
28 Mon Oct 2024	11.04	10.84	11.20	10.57	1.39 times
25 Fri Oct 2024	10.67	11.22	11.25	10.02	1.574 times
24 Thu Oct 2024	11.27	11.49	11.55	11.10	0.617 times
23 Wed Oct 2024	11.44	11.30	11.66	11.04	1.538 times
22 Tue Oct 2024	11.17	11.99	12.04	11.02	1.6 times

My analysis of stock is bearish for shortterm, but stock is semi over sold and there are some chances of seeing a recovery tomorrow. Use 11.2 as stoploss in an intra day buy trade for a target of 11.67. However, stock will show a bearish move below 11.2.

Share price targets for Steel Exchange (STEELXIND)

Target Type	Value
Downside Target	10.02
Downside Target	10.57
Downside Target	11.19
Upside Target	11.53
Upside Target	11.90
Upside Target	12.52
Upside Target	12.65
Upside Target	12.75
Upside Target	12.85
Upside Target	13.02
Upside Target	14.17
Upside Target	14.84
Upside Target	15.80

Intraday share price targets for Steel Exchange (STEELXIND)

Target Type	Value
Downside Intraday Target	10.97
Downside Intraday Target	10.69
Upside Intraday Target	11.75
Upside Intraday Target	12.25
Upside Intraday Target	11.47

Weekly technical analysis of Steel Exchange (STEELXIND)

Date	Weekly Closing Price	Open	High	Low	Volume
04 Mon Nov 2024	11.25	11.97	11.97	11.19	0.234 times
01 Fri Nov 2024	11.74	10.84	11.90	10.57	0.566 times
25 Fri Oct 2024	10.67	12.15	12.19	10.02	0.759 times
18 Fri Oct 2024	12.16	12.06	12.85	11.94	1.201 times
11 Fri Oct 2024	12.04	12.55	12.58	11.53	1.045 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 Nov 2024	11.25	11.90	11.97	11.19	0.037 times
31 Thu Oct 2024	11.49	12.85	13.02	10.02	0.637 times
30 Mon Sep 2024	12.83	13.90	14.17	12.75	0.781 times
30 Fri Aug 2024	13.96	14.75	14.84	12.65	0.699 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 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 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 negative. This means that there is a strong downtrend in the stock for given time period. Sellers are extremely active on this stock.

ADX buy sell signal for Steel Exchange stock for short term is SELL. Signal strength is Weak and stock is gaining momentum.

MACD generated a BUY signal for Steel Exchange in short term but the buy 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 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 below the red cloud Prices appear to be coming down

CCI has generated a SELL signal for Steel Exchange in short term but SELL signal is weak.

RSI is generating a SELL signal in short term and selling is picking up momentum.

MRSI is in negative zone. This is the SELL 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 11.14 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 negative.

Force Index is moving in a negative zone, which indicates selling momentum for short term... Selling momentum is getting weaker.