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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 2024-09-06 View latest technical analysis

10 day averaged volume of Zenith Steel is 119164

Date	Daily Closing Price	Open	High	Low	Volume
06 Fri Sep 2024	10.00	10.32	10.33	10.00	5.286 times
05 Thu Sep 2024	10.13	10.13	10.13	10.13	2.15 times
04 Wed Sep 2024	9.94	9.94	9.94	9.94	1.602 times
03 Tue Sep 2024	9.75	9.75	9.75	9.75	0.827 times
02 Mon Sep 2024	9.56	9.56	9.56	9.56	0.862 times
30 Fri Aug 2024	9.38	9.38	9.38	9.38	0.808 times
29 Thu Aug 2024	9.20	9.10	9.20	9.10	0.701 times
28 Wed Aug 2024	9.02	8.90	9.02	8.90	0.915 times
27 Tue Aug 2024	8.85	8.83	8.88	8.83	0.693 times
26 Mon Aug 2024	8.81	8.80	8.81	8.80	0.984 times

Stock of Zenith Steel (ZENITHSTL_BE) has showed a significant fall. This could be a good time to exit from this stock.

My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 9.8, but if it comes below 9.8, then a intra day sell could be more profitable.
If you take a sell trade below 9.8, then use 9.8 as stoploss and 9.38 as target. However if you take a buy trade in stock , then use 9.8 as stoploss and 10.3 as target.

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
Upside Target	10.33
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	9.6
Downside Intraday Target	9.19
Upside Intraday Target	10.37
Upside Intraday Target	10.73
Downside Intraday Target	9.96

Weekly technical analysis of Zenith Steel (ZENITHSTL_BE)

Date	Weekly Closing Price	Open	High	Low	Volume
06 Fri Sep 2024	10.00	9.56	10.33	9.56	2.616 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, and volume has increased substantially. This means that the move can continue in coming weeks.

Monthly technical analysis of Zenith Steel (ZENITHSTL_BE)

Date	Monthly Closing Price	Open	High	Low	Volume
06 Fri Sep 2024	10.00	9.56	10.33	9.56	0.631 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 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 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 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 negative zone. This is the SELL zone

Although the stock is in the SELL zone, but selling 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 9.71 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.