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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 2024-07-16 View latest technical analysis

10 day averaged volume of Zenith Steel is 640404

Date	Daily Closing Price	Open	High	Low	Volume
16 Tue Jul 2024	10.76	10.76	10.76	10.76	0.286 times
15 Mon Jul 2024	11.33	11.85	11.90	11.33	0.684 times
12 Fri Jul 2024	11.93	10.80	11.93	10.80	2.161 times
11 Thu Jul 2024	11.37	11.37	11.37	11.37	0.283 times
10 Wed Jul 2024	11.97	11.97	11.97	11.97	0.216 times
09 Tue Jul 2024	12.61	12.61	12.61	12.61	0.24 times
08 Mon Jul 2024	13.28	13.28	13.28	13.28	0.29 times
05 Fri Jul 2024	13.98	15.45	15.45	13.98	3.468 times
04 Thu Jul 2024	14.72	14.72	14.72	14.72	0.843 times
16 Fri Feb 2024	8.35	8.35	8.45	7.85	1.195 times

My analysis of stock is bullish for shortterm, and stock might move up till 12.4 or till 15.3. Use a stoploss of 9.9 and if this stock hits its stoploss, then it can fall down till 7.44

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	7.00
Downside Target	7.20
Downside Target	7.50
Downside Target	7.70
Downside Target	8.45
Downside Target	10.76
Upside Target	11.90
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	10.38
Downside Intraday Target	10
Upside Intraday Target	11.52
Upside Intraday Target	12.28
Upside Intraday Target	11.14

Weekly technical analysis of Zenith Steel (ZENITHSTL_BE)

Date	Weekly Closing Price	Open	High	Low	Volume
16 Tue Jul 2024	10.76	11.85	11.90	10.76	0.304 times
12 Fri Jul 2024	11.93	13.28	13.28	10.80	0.74 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

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
16 Tue Jul 2024	10.76	14.72	15.45	10.76	1.109 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 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 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 mid to longer term time period is neutral. A longer time frame might give a better analysis.

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 12.43 and Zenith Steel (ZENITHSTL_BE) 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_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.