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(ZENITHSTL_BE) Zenith Steel complete technical analysis [charts+indicators] | Buy/Sell Zenith Steel | (ZENITHSTL_BE) share price targets

Complete technical analysis of Zenith Steel (ZENITHSTL_BE) by charts plus indicators, forecast predictions and share price targets for Zenith Steel (ZENITHSTL_BE)

Showing technical analysis as on 2023-11-30 View latest technical analysis

10 day averaged volume of Zenith Steel is 102826

Date Daily Closing Price Open High Low Volume
30 Thu Nov 2023 6.25 6.25 6.25 6.25 0.078 times
29 Wed Nov 2023 6.35 6.35 6.35 6.35 0.132 times
28 Tue Nov 2023 6.45 6.45 6.45 6.45 0.76 times
24 Fri Nov 2023 6.55 6.55 6.55 6.55 0.119 times
23 Thu Nov 2023 6.65 6.65 6.65 6.65 0.23 times
22 Wed Nov 2023 6.75 6.75 6.75 6.75 0.245 times
21 Tue Nov 2023 6.85 6.85 6.85 6.85 0.385 times
20 Mon Nov 2023 6.95 7.00 7.00 6.95 2.461 times
17 Fri Nov 2023 6.90 6.70 6.90 6.70 3.347 times
16 Thu Nov 2023 6.80 6.80 6.80 6.80 0.899 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 6.1 as stoploss in an intra day buy trade for a target of 6.58. However, stock will show a bearish move below 6.1.

Share price targets for Zenith Steel (ZENITHSTL_BE)

Target Type Value
Downside Target 3.75
Downside Target 4.10
Downside Target 4.30
Downside Target 4.95
Downside Target 5.20
Downside Target 5.40
Downside Target 6.10
Downside Target 6.25
Upside Target 6.45
Upside Target 6.70
Upside Target 6.90
Upside Target 7.00
Upside Target 7.10
Upside Target 7.20

Intraday share price targets for Zenith Steel (ZENITHSTL_BE)

Target Type Value
Downside Intraday Target 6.18
Downside Intraday Target 6.12
Upside Intraday Target 6.38
Upside Intraday Target 6.52
Upside Intraday Target 6.32

Weekly technical analysis of Zenith Steel (ZENITHSTL_BE)

Date Weekly Closing Price Open High Low Volume
30 Thu Nov 2023 6.25 6.45 6.45 6.25 0.282 times
24 Fri Nov 2023 6.55 7.00 7.00 6.55 0.416 times
17 Fri Nov 2023 6.90 7.20 7.20 6.70 0.503 times
10 Fri Nov 2023 7.10 5.70 7.10 5.45 1.464 times
03 Fri Nov 2023 5.70 5.55 6.10 5.20 0.979 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_BE)

Date Monthly Closing Price Open High Low Volume
30 Thu Nov 2023 6.25 6.05 7.20 5.40 0.748 times
31 Tue Oct 2023 5.95 6.90 6.90 4.95 4.929 times
08 Fri Sep 2023 4.00 4.05 4.10 3.85 0.386 times
31 Thu Aug 2023 3.95 3.95 4.30 3.80 1.406 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_BE)

Price action analysis of Zenith Steel ( (ZENITHSTL_BE) ) 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_BE) ) 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_BE) ) 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_BE) ) 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 BUY. 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 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 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 and the buying is gaining 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 6.83 and Zenith Steel (ZENITHSTL_BE) 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_BE) stock. Volume based technical analysis of Zenith Steel (ZENITHSTL_BE) 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.

Price action analysis of Zenith Steel ( (ZENITHSTL_BE) ) 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_BE) ) 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_BE) ) 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_BE) ) 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 BUY. 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 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 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 and the buying is gaining 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 6.83 and Zenith Steel (ZENITHSTL_BE) 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_BE) stock. Volume based technical analysis of Zenith Steel (ZENITHSTL_BE) 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.

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