(ZENITHSTL) Zenith Steel complete technical analysis [charts+indicators] | Buy/Sell Zenith Steel | (ZENITHSTL) share price targets
Complete technical analysis of Zenith Steel (ZENITHSTL) by charts plus indicators, forecast predictions and share price targets for Zenith Steel (ZENITHSTL)
Showing technical analysis as on 2024-04-16 View latest technical analysis
10 day averaged volume of Zenith Steel is 451627
Date | Daily Closing Price | Open | High | Low | Volume |
16 Tue Apr 2024 | 7.85 | 8.05 | 8.05 | 7.85 | 4.3 times |
15 Mon Apr 2024 | 8.25 | 8.35 | 8.50 | 8.25 | 1.009 times |
12 Fri Apr 2024 | 8.65 | 9.10 | 9.10 | 8.55 | 0.48 times |
10 Wed Apr 2024 | 8.90 | 8.85 | 9.05 | 8.65 | 0.493 times |
09 Tue Apr 2024 | 8.80 | 9.00 | 9.50 | 8.75 | 1.933 times |
08 Mon Apr 2024 | 9.10 | 9.00 | 9.15 | 8.85 | 1.398 times |
05 Fri Apr 2024 | 8.75 | 8.45 | 8.75 | 8.05 | 1.628 times |
04 Thu Apr 2024 | 8.35 | 8.30 | 8.45 | 7.90 | 0.909 times |
03 Wed Apr 2024 | 8.05 | 7.95 | 8.20 | 7.75 | 0.448 times |
02 Tue Apr 2024 | 7.95 | 8.15 | 8.20 | 7.55 | 1.608 times |
Stock of Zenith Steel (ZENITHSTL) has showed a significant fall. This could be a good time to exit from this stock.
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 7.6 as stoploss in an intra day buy trade for a target of 8.11. However, stock will show a bearish move below 7.6.
Share price targets for Zenith Steel (ZENITHSTL)
Target Type | Value |
Downside Target | 3.90 |
Downside Target | 4.30 |
Downside Target | 6.60 |
Downside Target | 7.10 |
Downside Target | 7.30 |
Downside Target | 7.50 |
Downside Target | 7.85 |
Upside Target | 8.25 |
Upside Target | 8.50 |
Upside Target | 8.75 |
Upside Target | 9.50 |
Upside Target | 9.85 |
Upside Target | 10.15 |
Intraday share price targets for Zenith Steel (ZENITHSTL)
Target Type | Value |
Downside Intraday Target | 7.63 |
Downside Intraday Target | 7.42 |
Upside Intraday Target | 8.28 |
Upside Intraday Target | 8.72 |
Upside Intraday Target | 8.07 |
Weekly technical analysis of Zenith Steel (ZENITHSTL)
Date | Weekly Closing Price | Open | High | Low | Volume |
16 Tue Apr 2024 | 7.85 | 8.35 | 8.50 | 7.85 | 1.234 times |
12 Fri Apr 2024 | 8.65 | 9.00 | 9.50 | 8.55 | 0.918 times |
05 Fri Apr 2024 | 8.75 | 7.80 | 8.75 | 7.50 | 2.692 times |
28 Thu Mar 2024 | 7.50 | 8.30 | 8.50 | 7.35 | 0.612 times |
22 Fri Mar 2024 | 8.25 | 7.50 | 8.25 | 7.30 | 0.72 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 Zenith Steel (ZENITHSTL)
Date | Monthly Closing Price | Open | High | Low | Volume |
16 Tue Apr 2024 | 7.85 | 7.80 | 9.50 | 7.50 | 0.94 times |
28 Thu Mar 2024 | 7.50 | 9.45 | 9.85 | 7.10 | 0.585 times |
29 Thu Feb 2024 | 9.40 | 8.75 | 10.15 | 8.30 | 2.86 times |
18 Wed Oct 2023 | 6.60 | 3.95 | 6.60 | 3.95 | 1.679 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 Zenith Steel (ZENITHSTL)
Price action analysis of Zenith Steel ( (ZENITHSTL) ) 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 Zenith Steel ( (ZENITHSTL) ) based on a short term time period is negative, but sellers have recently become active on the stock. This cannot be called a strong downtrend, specially if selected time duration is small
Price action analysis of Zenith Steel ( (ZENITHSTL) ) based on a short to mid 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 Zenith Steel ( (ZENITHSTL) ) 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 Zenith Steel stock for short term is SELL. Signal strength is Weak and stock is losing momentum.
MACD generated a SELL signal for Zenith Steel in short term but the sell signal is initial and weak.
Zenith Steel 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. Bears are getting stronger in this stock.
Ichimoku cloud is of green color and prices are in or below the green cloud Prices appear to be coming down
CCI has generated a SELL signal for Zenith Steel in short term and SELL signal is strong!
RSI is generating a BUY signal in short term but buying 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 Zenith Steel is picking up selling momentum according to indicator.
Volume based indicators are showing selling momentum.
Volume Weighted Averaged Price (VWAP) for short term is 8.35 and Zenith Steel (ZENITHSTL) 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 Zenith Steel (ZENITHSTL) stock. Volume based technical analysis of Zenith Steel (ZENITHSTL) stock is negative.
Zenith Steel 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.
Price action analysis of Zenith Steel ( (ZENITHSTL) ) 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 Zenith Steel ( (ZENITHSTL) ) based on a short term time period is negative, but sellers have recently become active on the stock. This cannot be called a strong downtrend, specially if selected time duration is small
Price action analysis of Zenith Steel ( (ZENITHSTL) ) based on a short to mid 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 Zenith Steel ( (ZENITHSTL) ) 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 Zenith Steel stock for short term is SELL. Signal strength is Weak and stock is losing momentum.
MACD generated a SELL signal for Zenith Steel in short term but the sell signal is initial and weak.
Zenith Steel 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. Bears are getting stronger in this stock.
Ichimoku cloud is of green color and prices are in or below the green cloud Prices appear to be coming down
CCI has generated a SELL signal for Zenith Steel in short term and SELL signal is strong!
RSI is generating a BUY signal in short term but buying 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 Zenith Steel is picking up selling momentum according to indicator.
Volume based indicators are showing selling momentum.
Volume Weighted Averaged Price (VWAP) for short term is 8.35 and Zenith Steel (ZENITHSTL) 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 Zenith Steel (ZENITHSTL) stock. Volume based technical analysis of Zenith Steel (ZENITHSTL) stock is negative.
Zenith Steel 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.
Click here for Zenith Steel charts
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Daily charts
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