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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 2024-07-04 View latest technical analysis

10 day averaged volume of Zenith Steel is 471106

Date	Daily Closing Price	Open	High	Low	Volume
04 Thu Jul 2024	14.72	14.72	14.72	14.72	1.146 times
16 Fri Feb 2024	8.35	8.35	8.45	7.85	1.625 times
15 Thu Feb 2024	8.10	8.10	8.10	7.80	0.841 times
14 Wed Feb 2024	7.75	7.40	7.75	7.05	0.888 times
13 Tue Feb 2024	7.40	7.80	7.95	7.40	0.333 times
12 Mon Feb 2024	7.75	8.40	8.40	7.65	0.708 times
09 Fri Feb 2024	8.00	8.20	8.20	7.50	0.901 times
08 Thu Feb 2024	7.90	8.60	8.60	7.80	2.745 times
07 Wed Feb 2024	8.20	8.20	8.20	7.95	1.322 times
06 Tue Feb 2024	7.85	7.85	7.85	7.85	0.314 times

Although my analysis for stock is bullish for shortterm, but stock is over bought and there are high chances of some profit booking tomorrow. You might want to sell the stock tomorrow in intra day with a stoploss of 11.5, for a target of 9.4 or 7.74

Share price targets for Zenith Steel (ZENITHSTL_BE)

Target Type	Value
Downside Target	5.40
Downside Target	5.55
Downside Target	6.45
Downside Target	6.75
Downside Target	7.00
Downside Target	7.50
Downside Target	7.70
Downside Target	8.45
Downside Target	8.60
Downside Target	14.72

Intraday share price targets for Zenith Steel (ZENITHSTL_BE)

Target Type	Value
Downside Intraday Target	14.72
Downside Intraday Target	14.72
Downside Intraday Target	14.72
Downside Intraday Target	14.72
Downside Intraday Target	14.72

Weekly technical analysis of Zenith Steel (ZENITHSTL_BE)

Date	Weekly Closing Price	Open	High	Low	Volume
04 Thu Jul 2024	14.72	14.72	14.72	14.72	0.261 times
16 Fri Feb 2024	8.35	8.40	8.45	7.05	0.784 times
09 Fri Feb 2024	8.00	7.50	8.60	7.50	3.164 times
02 Fri Feb 2024	7.15	6.75	7.15	6.75	2.209 times
25 Thu Jan 2024	6.65	6.80	6.85	6.45	0.98 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 Zenith Steel (ZENITHSTL_BE)

Date	Monthly Closing Price	Open	High	Low	Volume
04 Thu Jul 2024	14.72	14.72	14.72	14.72	0.11 times
16 Fri Feb 2024	8.35	7.00	8.60	7.00	1.934 times
31 Wed Jan 2024	6.95	7.70	7.70	6.45	0.573 times
29 Fri Dec 2023	7.85	6.15	7.85	5.55	1.223 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 positive, but buyers have become active on the stock recently. This cannot be a definite uptrend, specially if selected time duration is small.

Price action analysis of Zenith Steel ( (ZENITHSTL_BE) ) based on a short to mid 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 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 Strong and stock is gaining momentum.

MACD generated a BUY signal for Zenith Steel in short term and the buy signal is strong.

MACD line is moving upwards which means that SELL signal is weakening, and buying is picking up momentum.

Zenith Steel Stock is trading near its recent HIGHS, which reflects strong buying momentum in short term! Bulls are getting stronger in this stock.

Ichimoku cloud is of green color and prices are above the green cloud Prices appear to be moving up

CCI has generated a buy signal for Zenith Steel in short term and BUY 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

Stock of Zenith Steel is picking up buying momentum according to indicator.

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 8.71 and Zenith Steel (ZENITHSTL_BE) stock is trading above this level. This is a good sign for the stock and it could move higher. VWAP is rising upwards.

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 is giving positive 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.