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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 2024-11-22 View latest technical analysis

10 day averaged volume of Steel Exchange is 1360752

Date	Daily Closing Price	Open	High	Low	Volume
22 Fri Nov 2024	10.19	10.20	10.24	10.13	0.362 times
21 Thu Nov 2024	10.17	10.40	10.40	10.13	0.599 times
19 Tue Nov 2024	10.26	10.21	10.45	10.17	0.665 times
18 Mon Nov 2024	10.20	10.26	10.33	10.10	1.047 times
14 Thu Nov 2024	10.12	10.32	10.32	10.00	1.062 times
13 Wed Nov 2024	10.13	10.79	10.80	10.10	1.35 times
12 Tue Nov 2024	10.62	10.89	10.98	10.52	0.834 times
11 Mon Nov 2024	10.86	11.00	11.03	10.60	0.685 times
08 Fri Nov 2024	11.02	11.15	11.20	11.00	0.936 times
07 Thu Nov 2024	11.19	11.16	11.38	11.14	0.941 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 10.3, but if it comes above 10.3, then a intra day buy could be more profitable.
If you take a sell trade below 10.3, then use 10.3 as stoploss and 9.8 as target. However if you take a buy trade in stock , then use 10.3 as stoploss and 10.83 as target.

Share price targets for Steel Exchange (STEELXIND)

Target Type	Value
Downside Target	10.00
Upside Target	10.45
Upside Target	11.00
Upside Target	11.90
Upside Target	12.19
Upside Target	12.52
Upside Target	12.65
Upside Target	12.75
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	10.04
Downside Intraday Target	9.9
Upside Intraday Target	10.39
Upside Intraday Target	10.6
Upside Intraday Target	10.25

Weekly technical analysis of Steel Exchange (STEELXIND)

Date	Weekly Closing Price	Open	High	Low	Volume
22 Fri Nov 2024	10.19	10.26	10.45	10.10	0.68 times
14 Thu Nov 2024	10.12	11.00	11.03	10.00	0.654 times
08 Fri Nov 2024	11.02	11.97	11.97	11.00	1.214 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

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
22 Fri Nov 2024	10.19	11.90	11.97	10.00	0.32 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 negative, but trend is highly volatile. A longer duration price action analysis might give a better picture of the trend in this stock.

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 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 Strong 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 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 red color and prices are below the red cloud Prices appear to be moving up

CCI has generated a SELL signal for Steel Exchange in short term and SELL signal is strong!

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

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 10.48 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.