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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 2024-08-30 View latest technical analysis

10 day averaged volume of Zenith Steel is 100264

Date	Daily Closing Price	Open	High	Low	Volume
30 Fri Aug 2024	9.38	9.38	9.38	9.38	0.96 times
29 Thu Aug 2024	9.20	9.10	9.20	9.10	0.833 times
28 Wed Aug 2024	9.02	8.90	9.02	8.90	1.088 times
27 Tue Aug 2024	8.85	8.83	8.88	8.83	0.824 times
26 Mon Aug 2024	8.81	8.80	8.81	8.80	1.169 times
23 Fri Aug 2024	8.85	8.97	8.97	8.85	0.546 times
22 Thu Aug 2024	8.97	8.90	8.97	8.90	0.872 times
21 Wed Aug 2024	8.85	8.95	8.95	8.85	0.827 times
20 Tue Aug 2024	9.02	9.02	9.02	9.02	0.928 times
19 Mon Aug 2024	9.21	9.21	9.21	9.21	1.22 times

My analysis of stock is bearish for shortterm, and stock might move down till 8.9 or till 8.2. Use a stoploss of 9.48 and if the stock hits stoploss, then it can shoot up till 10.04

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	8.80
Downside Target	9.21
Upside Target	9.80
Upside Target	10.49
Upside Target	10.71
Upside Target	10.93
Upside Target	12.08
Upside Target	15.45

Intraday share price targets for Zenith Steel (ZENITHSTL_BE)

Target Type	Value
Downside Intraday Target	8.99
Downside Intraday Target	8.61
Upside Intraday Target	9.57
Upside Intraday Target	9.77
Downside Intraday Target	9.19

Weekly technical analysis of Zenith Steel (ZENITHSTL_BE)

Date	Weekly Closing Price	Open	High	Low	Volume
30 Fri Aug 2024	9.38	8.80	9.38	8.80	1.11 times
23 Fri Aug 2024	8.85	9.21	9.21	8.85	0.876 times
16 Fri Aug 2024	9.40	9.68	9.80	9.40	1.016 times
09 Fri Aug 2024	9.68	10.49	10.49	9.66	0.443 times
02 Fri Aug 2024	10.71	11.00	12.08	10.71	0.573 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
30 Fri Aug 2024	9.38	10.93	10.93	8.80	0.213 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 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 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 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 and the sell signal is strong.

MACD line is moving upwards which means that SELL signal is weakening, and buying is picking up momentum.

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 stronger in this stock.

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 and BUY signal is strong.

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 9.03 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 negative.

Force Index is moving in a negative zone, which indicates selling momentum for short term... Selling momentum is getting weaker.