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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 2024-07-09 View latest technical analysis

10 day averaged volume of Zenith Steel is 673472

Date	Daily Closing Price	Open	High	Low	Volume
09 Tue Jul 2024	12.61	12.61	12.61	12.61	0.228 times
08 Mon Jul 2024	13.28	13.28	13.28	13.28	0.276 times
05 Fri Jul 2024	13.98	15.45	15.45	13.98	3.298 times
04 Thu Jul 2024	14.72	14.72	14.72	14.72	0.802 times
16 Fri Feb 2024	8.35	8.35	8.45	7.85	1.137 times
15 Thu Feb 2024	8.10	8.10	8.10	7.80	0.588 times
14 Wed Feb 2024	7.75	7.40	7.75	7.05	0.621 times
13 Tue Feb 2024	7.40	7.80	7.95	7.40	0.233 times
12 Mon Feb 2024	7.75	8.40	8.40	7.65	0.495 times
09 Fri Feb 2024	8.00	8.20	8.20	7.50	0.63 times

My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 11.3, but if it comes below 11.3, then a intra day sell could be more profitable.
If you take a sell trade below 11.3, then use 11.3 as stoploss and 8.74 as target. However if you take a buy trade in stock , then use 11.3 as stoploss and 14.3 as target.

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	12.61
Upside Target	13.28
Upside Target	13.98
Upside Target	15.45

Intraday share price targets for Zenith Steel (ZENITHSTL_BE)

Target Type	Value
Downside Intraday Target	12.39
Downside Intraday Target	12.16
Upside Intraday Target	13.06
Upside Intraday Target	13.5
Upside Intraday Target	12.83

Weekly technical analysis of Zenith Steel (ZENITHSTL_BE)

Date	Weekly Closing Price	Open	High	Low	Volume
09 Tue Jul 2024	12.61	13.28	13.28	12.61	0.123 times
05 Fri Jul 2024	13.98	14.72	15.45	13.98	1.334 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

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
09 Tue Jul 2024	12.61	14.72	15.45	12.61	0.634 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 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_BE) ) based on a short 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_BE) ) based on a short to mid 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_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 losing 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 tired and bears are picking up momentum.

Ichimoku cloud is of green color and prices are above the green cloud Prices appear to be coming down

CCI has generated a SELL signal for Zenith Steel in short term but SELL signal is weak.

RSI is generating a BUY signal in short term but buying is losing momentum.

MRSI is in negative zone. This is the SELL 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 11.33 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.