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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 2024-09-05 View latest technical analysis

10 day averaged volume of Zenith Steel is 102289

Date	Daily Closing Price	Open	High	Low	Volume
05 Thu Sep 2024	10.13	10.13	10.13	10.13	2.504 times
04 Wed Sep 2024	9.94	9.94	9.94	9.94	1.867 times
03 Tue Sep 2024	9.75	9.75	9.75	9.75	0.963 times
02 Mon Sep 2024	9.56	9.56	9.56	9.56	1.004 times
30 Fri Aug 2024	9.38	9.38	9.38	9.38	0.941 times
29 Thu Aug 2024	9.20	9.10	9.20	9.10	0.817 times
28 Wed Aug 2024	9.02	8.90	9.02	8.90	1.066 times
27 Tue Aug 2024	8.85	8.83	8.88	8.83	0.808 times
26 Mon Aug 2024	8.81	8.80	8.81	8.80	1.146 times
23 Fri Aug 2024	8.85	8.97	8.97	8.85	0.535 times

Stock of Zenith Steel (ZENITHSTL_BE) has showed a significant upmove. This could be a good time to enter in this stock!

Although my analysis for stock is bullish for shortterm, but stock is over bought and there are high chances of some profit booking tomorrow. You might want to sell the stock tomorrow in intra day with a stoploss of 10.3, for a target of 9.8 or 9.37

Share price targets for Zenith Steel (ZENITHSTL_BE)

Target Type	Value
Downside Target	6.45
Downside Target	7.00
Downside Target	7.70
Downside Target	8.60
Downside Target	8.80
Downside Target	9.21
Downside Target	9.66
Downside Target	9.80
Downside Target	10.13
Upside Target	10.49
Upside Target	10.93
Upside Target	15.45

Intraday share price targets for Zenith Steel (ZENITHSTL_BE)

Target Type	Value
Downside Intraday Target	9.75
Downside Intraday Target	9.37
Upside Intraday Target	10.32
Upside Intraday Target	10.51
Downside Intraday Target	9.94

Weekly technical analysis of Zenith Steel (ZENITHSTL_BE)

Date	Weekly Closing Price	Open	High	Low	Volume
05 Thu Sep 2024	10.13	9.56	10.13	9.56	1.327 times
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

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
05 Thu Sep 2024	10.13	9.56	10.13	9.56	0.32 times
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

Scroll below to view daily charts

Price has moved up 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 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 positive, but buyers have become active on the stock recently. This cannot be a definite uptrend, specially if selected time duration is small.

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 BUY. Signal strength is Strong and stock is gaining momentum.

MACD generated a BUY signal for Zenith Steel in short term and the buy signal is strong.

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

Zenith Steel Stock is trading near its recent HIGHS, which reflects strong buying momentum in short term! Bulls are getting tired and bears are picking up momentum.

Ichimoku cloud is of red color and prices are in or above 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 negative zone. This is the SELL 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 9.51 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 negative.

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