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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 2024-08-07 View latest technical analysis

10 day averaged volume of Zenith Steel is 219021

Date	Daily Closing Price	Open	High	Low	Volume
07 Wed Aug 2024	10.07	10.07	10.07	10.07	0.309 times
06 Tue Aug 2024	10.28	10.28	10.28	10.28	0.058 times
05 Mon Aug 2024	10.49	10.49	10.49	10.49	0.098 times
02 Fri Aug 2024	10.71	10.71	10.71	10.71	0.087 times
01 Thu Aug 2024	10.93	10.93	10.93	10.93	0.361 times
31 Wed Jul 2024	11.16	12.08	12.08	11.05	2.799 times
30 Tue Jul 2024	11.64	11.58	11.64	11.35	0.939 times
29 Mon Jul 2024	11.09	11.00	11.09	10.80	0.912 times
26 Fri Jul 2024	10.57	10.45	10.70	10.26	1.504 times
25 Thu Jul 2024	10.42	10.25	10.70	10.01	1.327 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 10.2, but if it comes above 10.2, then a intra day buy could be more profitable.
If you take a sell trade below 10.2, then use 10.2 as stoploss and 9.5 as target. However if you take a buy trade in stock , then use 10.2 as stoploss and 10.8 as target.

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	10.07
Upside Target	10.49
Upside Target	10.70
Upside Target	10.93
Upside Target	11.90
Upside Target	12.08
Upside Target	13.28
Upside Target	15.45

Intraday share price targets for Zenith Steel (ZENITHSTL_BE)

Target Type	Value
Downside Intraday Target	9.93
Downside Intraday Target	9.79
Upside Intraday Target	10.35
Upside Intraday Target	10.63
Upside Intraday Target	10.21

Weekly technical analysis of Zenith Steel (ZENITHSTL_BE)

Date	Weekly Closing Price	Open	High	Low	Volume
07 Wed Aug 2024	10.07	10.49	10.49	10.07	0.091 times
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

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
07 Wed Aug 2024	10.07	10.93	10.93	10.07	0.021 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 neutral. A longer time frame might give a better analysis.

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 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 SELL. 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 LOWS in short term which reflects strong selling momentum. Bears are getting stronger in this stock.

Ichimoku cloud is of red color and prices are below the red 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 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 10.91 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 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.