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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 2024-09-13 View latest technical analysis

10 day averaged volume of Zenith Steel is 272649

Date	Daily Closing Price	Open	High	Low	Volume
13 Fri Sep 2024	11.59	11.49	11.59	11.10	0.96 times
12 Thu Sep 2024	11.04	10.54	11.04	10.52	1.159 times
11 Wed Sep 2024	10.52	11.00	11.20	10.46	1.721 times
10 Tue Sep 2024	11.02	11.02	11.02	11.02	0.361 times
09 Mon Sep 2024	10.50	10.20	10.50	10.20	1.718 times
06 Fri Sep 2024	10.00	10.32	10.33	10.00	2.31 times
05 Thu Sep 2024	10.13	10.13	10.13	10.13	0.939 times
04 Wed Sep 2024	9.94	9.94	9.94	9.94	0.7 times
03 Tue Sep 2024	9.75	9.75	9.75	9.75	0.361 times
02 Mon Sep 2024	9.56	9.56	9.56	9.56	0.377 times

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 11.5, for a target of 10.5 or 9.71

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	9.80
Downside Target	10.20
Downside Target	10.33
Downside Target	10.93
Downside Target	11.59
Upside Target	15.45

Intraday share price targets for Zenith Steel (ZENITHSTL_BE)

Target Type	Value
Downside Intraday Target	10.66
Downside Intraday Target	9.74
Upside Intraday Target	12.05
Upside Intraday Target	12.52
Downside Intraday Target	11.13

Weekly technical analysis of Zenith Steel (ZENITHSTL_BE)

Date	Weekly Closing Price	Open	High	Low	Volume
13 Fri Sep 2024	11.59	10.20	11.59	10.20	1.263 times
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

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
13 Fri Sep 2024	11.59	9.56	11.59	9.56	1.428 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 positive, but trend is highly volatile. A longer time period analysis might give a better idea of the trend.

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 positive! This means that there is a strong uptrend in the stock for the given time period. Buyers are extremely bullish on the 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 green color and prices are above the green 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 and the buying is gaining 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 10.44 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 positive

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