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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 2024-07-31 View latest technical analysis

10 day averaged volume of Zenith Steel is 363924

Date	Daily Closing Price	Open	High	Low	Volume
31 Wed Jul 2024	11.16	12.08	12.08	11.05	1.684 times
30 Tue Jul 2024	11.64	11.58	11.64	11.35	0.565 times
29 Mon Jul 2024	11.09	11.00	11.09	10.80	0.549 times
26 Fri Jul 2024	10.57	10.45	10.70	10.26	0.905 times
25 Thu Jul 2024	10.42	10.25	10.70	10.01	0.798 times
24 Wed Jul 2024	10.28	9.89	10.35	9.53	1.153 times
23 Tue Jul 2024	9.93	9.90	10.50	9.67	1.135 times
22 Mon Jul 2024	10.18	10.25	10.60	10.17	1.363 times
19 Fri Jul 2024	10.71	9.70	10.73	9.70	2.687 times
18 Thu Jul 2024	10.22	10.22	10.22	10.22	0.34 times

My analysis of stock is bearish for shortterm, and stock might move down till 9.9 or till 8.2. Use a stoploss of 11.33 and if the stock hits stoploss, then it can shoot up till 12.77

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	8.60
Downside Target	9.53
Downside Target	10.70
Upside Target	11.90
Upside Target	12.08
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	10.61
Downside Intraday Target	10.07
Upside Intraday Target	11.89
Upside Intraday Target	12.63
Upside Intraday Target	11.35

Weekly technical analysis of Zenith Steel (ZENITHSTL_BE)

Date	Weekly Closing Price	Open	High	Low	Volume
31 Wed Jul 2024	11.16	11.00	12.08	10.80	0.523 times
26 Fri Jul 2024	10.57	10.25	10.70	9.53	1.131 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

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
31 Wed Jul 2024	11.16	14.72	15.45	9.53	1.941 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 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 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 neutral. A longer time frame might give a better analysis.

ADX buy sell signal for Zenith Steel stock for short term is BUY. Signal strength is Weak and stock is gaining 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 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 in or below 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 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 10.61 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.