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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 2024-07-25 View latest technical analysis

10 day averaged volume of Zenith Steel is 475564

Date	Daily Closing Price	Open	High	Low	Volume
25 Thu Jul 2024	10.42	10.25	10.70	10.01	0.611 times
24 Wed Jul 2024	10.28	9.89	10.35	9.53	0.882 times
23 Tue Jul 2024	9.93	9.90	10.50	9.67	0.869 times
22 Mon Jul 2024	10.18	10.25	10.60	10.17	1.043 times
19 Fri Jul 2024	10.71	9.70	10.73	9.70	2.056 times
18 Thu Jul 2024	10.22	10.22	10.22	10.22	0.261 times
16 Tue Jul 2024	10.76	10.76	10.76	10.76	0.386 times
15 Mon Jul 2024	11.33	11.85	11.90	11.33	0.922 times
12 Fri Jul 2024	11.93	10.80	11.93	10.80	2.91 times
11 Thu Jul 2024	11.37	11.37	11.37	11.37	0.381 times

My analysis of stock is bearish for shortterm, and stock might move down till 8.6 or till 6.2. Use a stoploss of 10.65 and if the stock hits stoploss, then it can shoot up till 12.69

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	7.70
Downside Target	8.45
Downside Target	9.53
Upside Target	10.70
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	9.73
Downside Intraday Target	9.05
Upside Intraday Target	10.9
Upside Intraday Target	11.39
Downside Intraday Target	10.22

Weekly technical analysis of Zenith Steel (ZENITHSTL_BE)

Date	Weekly Closing Price	Open	High	Low	Volume
25 Thu Jul 2024	10.42	10.25	10.70	9.53	0.94 times
19 Fri Jul 2024	10.71	11.85	11.90	9.70	0.843 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

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
25 Thu Jul 2024	10.42	14.72	15.45	9.53	1.666 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, and volume has increased substantially. This means that the move can 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 definitely negative. This means that there is a strong downtrend in the stock for given time period. Sellers are extremely active on this stock.

Price action analysis of Zenith Steel ( (ZENITHSTL_BE) ) based on a short term time period is positive, but trend is highly volatile. A longer time period analysis might give a better idea of the trend.

Price action analysis of Zenith Steel ( (ZENITHSTL_BE) ) based on a short to mid term time period is definitely negative. This means that there is a strong downtrend in the stock for given time period. Sellers are extremely active on this stock.

Price action analysis of Zenith Steel ( (ZENITHSTL_BE) ) based on a mid to longer term time period is definitely negative. This means that there is a strong downtrend in the stock for given time period. Sellers are extremely active on this stock.

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 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 moving up

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

RSI is generating a BUY signal in short term but buying 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 10.95 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.