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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 2024-12-31 View latest technical analysis

10 day averaged volume of Steel Exchange is 868041

Date	Daily Closing Price	Open	High	Low	Volume
31 Tue Dec 2024	10.20	10.20	10.32	10.14	1.269 times
30 Mon Dec 2024	10.26	10.33	10.37	10.21	1.15 times
27 Fri Dec 2024	10.34	10.45	10.59	10.30	1.393 times
26 Thu Dec 2024	10.45	10.65	10.74	10.41	0.876 times
24 Tue Dec 2024	10.55	10.79	10.84	10.51	0.713 times
23 Mon Dec 2024	10.68	10.72	10.79	10.38	1.123 times
20 Fri Dec 2024	10.58	10.55	10.78	10.53	1.048 times
19 Thu Dec 2024	10.57	10.75	10.80	10.54	1.209 times
18 Wed Dec 2024	10.82	11.09	11.09	10.80	0.986 times
17 Tue Dec 2024	11.07	11.18	11.19	11.01	0.638 times

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 10.1, for a target of 10.5 or 10.82

Share price targets for Steel Exchange (STEELXIND)

Target Type	Value
Downside Target	10.00
Upside Target	10.84
Upside Target	11.25
Upside Target	11.44
Upside Target	11.97
Upside Target	12.65
Upside Target	12.75
Upside Target	13.02
Upside Target	14.17
Upside Target	14.84

Intraday share price targets for Steel Exchange (STEELXIND)

Target Type	Value
Downside Intraday Target	10.1
Downside Intraday Target	10.01
Upside Intraday Target	10.33
Upside Intraday Target	10.47
Upside Intraday Target	10.24

Weekly technical analysis of Steel Exchange (STEELXIND)

Date	Weekly Closing Price	Open	High	Low	Volume
31 Tue Dec 2024	10.20	10.33	10.37	10.14	0.589 times
27 Fri Dec 2024	10.34	10.72	10.84	10.30	0.865 times
20 Fri Dec 2024	10.58	11.24	11.25	10.53	0.827 times
13 Fri Dec 2024	11.06	11.09	11.40	10.92	0.624 times
06 Fri Dec 2024	11.09	10.94	11.44	10.61	1.868 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
31 Tue Dec 2024	10.20	10.94	11.44	10.14	1.036 times
29 Fri Nov 2024	10.79	11.90	11.97	10.00	0.397 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

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 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 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 SELL signal in short term but selling 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 10.52 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 positive

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