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(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 2025-01-06 View latest technical analysis

10 day averaged volume of Zenith Steel is 1000352

Date	Daily Closing Price	Open	High	Low	Volume
06 Mon Jan 2025	8.48	9.28	9.28	8.39	0.775 times
03 Fri Jan 2025	8.84	8.84	8.84	8.84	0.038 times
02 Thu Jan 2025	8.42	8.02	8.42	8.02	0.139 times
01 Wed Jan 2025	8.02	7.95	8.15	7.95	0.075 times
31 Tue Dec 2024	8.04	8.19	8.19	7.76	0.073 times
03 Wed Jul 2024	14.02	13.96	14.02	13.96	0.566 times
02 Tue Jul 2024	13.36	13.36	13.36	13.01	1.252 times
01 Mon Jul 2024	12.73	12.60	12.73	12.33	1.233 times
28 Fri Jun 2024	12.13	11.89	12.13	11.50	1.099 times
27 Thu Jun 2024	11.56	11.39	11.56	10.99	2.77 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 7.7 as stoploss in an intra day buy trade for a target of 9.62. However, stock will show a bearish move below 7.7.

Share price targets for Zenith Steel (ZENITHSTL)

Target Type	Value
Downside Target	7.10
Downside Target	7.25
Downside Target	7.76
Downside Target	7.95
Downside Target	8.19
Upside Target	8.75
Upside Target	9.20
Upside Target	12.13
Upside Target	12.33
Upside Target	14.02

Intraday share price targets for Zenith Steel (ZENITHSTL)

Target Type	Value
Downside Intraday Target	8.15
Downside Intraday Target	7.83
Upside Intraday Target	9.04
Upside Intraday Target	9.61
Upside Intraday Target	8.72

Weekly technical analysis of Zenith Steel (ZENITHSTL)

Date	Weekly Closing Price	Open	High	Low	Volume
06 Mon Jan 2025	8.48	9.28	9.28	8.39	2.383 times
03 Fri Jan 2025	8.84	8.19	8.84	7.76	0.107 times
03 Wed Jul 2024	14.02	12.60	14.02	12.33	0.313 times
28 Fri Jun 2024	12.13	8.83	12.13	8.51	2.851 times
21 Fri Jun 2024	8.54	8.37	9.20	8.25	2.356 times

Price has moved down this week, and volume has increased substantially. This means that the move can continue in coming weeks.

Monthly technical analysis of Zenith Steel (ZENITHSTL)

Date	Monthly Closing Price	Open	High	Low	Volume
06 Mon Jan 2025	8.48	7.95	9.28	7.95	14.148 times
31 Tue Dec 2024	8.04	8.19	8.19	7.76	0.024 times
03 Wed Jul 2024	14.02	12.60	14.02	12.33	0.191 times
28 Fri Jun 2024	12.13	8.20	12.13	7.10	2.294 times

Scroll below to view daily charts

Price has moved up this month, and volume has increased substantially. This means that the move can 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 neutral. A longer time frame might give a better analysis.

Price action analysis of Zenith Steel ( (ZENITHSTL) ) 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 Zenith Steel ( (ZENITHSTL) ) based on a short to mid 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 Zenith Steel ( (ZENITHSTL) ) 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 Zenith Steel stock for short term is SELL. Signal strength is Strong and stock is gaining momentum.

MACD generated a SELL signal for Zenith Steel in short term but the sell signal is initial and weak.

Zenith Steel 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 coming down

CCI has generated a SELL signal for Zenith Steel 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 positive zone. This is a BUY zone

Although the stock is in the BUY zone, but buying 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 11.84 and Zenith Steel (ZENITHSTL) stock is trading below this level. This means that stock is falling with high volumes. VWAP is rising upwards.

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 positive

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