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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 2024-08-02 View latest technical analysis

10 day averaged volume of Zenith Steel is 402412

Date	Daily Closing Price	Open	High	Low	Volume
02 Fri Aug 2024	10.71	10.71	10.71	10.71	0.047 times
01 Thu Aug 2024	10.93	10.93	10.93	10.93	0.197 times
31 Wed Jul 2024	11.16	12.08	12.08	11.05	1.523 times
30 Tue Jul 2024	11.64	11.58	11.64	11.35	0.511 times
29 Mon Jul 2024	11.09	11.00	11.09	10.80	0.496 times
26 Fri Jul 2024	10.57	10.45	10.70	10.26	0.819 times
25 Thu Jul 2024	10.42	10.25	10.70	10.01	0.722 times
24 Wed Jul 2024	10.28	9.89	10.35	9.53	1.043 times
23 Tue Jul 2024	9.93	9.90	10.50	9.67	1.027 times
22 Mon Jul 2024	10.18	10.25	10.60	10.17	1.232 times

My analysis of stock is bearish for shortterm, but stock is semi over sold and there are some chances of seeing a recovery tomorrow. Use 10.2 as stoploss in an intra day buy trade for a target of 11.25. However, stock will show a bearish move below 10.2.

Share price targets for Zenith Steel (ZENITHSTL_BE)

Target Type	Value
Downside Target	5.55
Downside Target	6.45
Downside Target	7.00
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	10.25
Downside Intraday Target	9.8
Upside Intraday Target	11.62
Upside Intraday Target	12.54
Upside Intraday Target	11.17

Weekly technical analysis of Zenith Steel (ZENITHSTL_BE)

Date	Weekly Closing Price	Open	High	Low	Volume
02 Fri Aug 2024	10.71	11.00	12.08	10.71	0.573 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
02 Fri Aug 2024	10.71	10.93	10.93	10.71	0.01 times
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

Scroll below to view daily charts

Price has moved down 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 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 negative, but sellers have recently become active on the stock. This cannot be called a strong downtrend, specially if selected time duration is small

ADX buy sell signal for Zenith Steel stock for short term is BUY. 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. Bulls are getting tired and bears are picking up momentum.

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 and the buying is gaining 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 10.6 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 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.