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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 2024-09-27 View latest technical analysis

10 day averaged volume of Zenith Steel is 211849

Date	Daily Closing Price	Open	High	Low	Volume
27 Fri Sep 2024	10.16	10.16	10.16	10.16	0.328 times
26 Thu Sep 2024	10.37	10.37	10.37	10.37	0.248 times
25 Wed Sep 2024	10.59	10.59	10.59	10.59	0.133 times
24 Tue Sep 2024	10.81	10.81	10.81	10.81	0.357 times
23 Mon Sep 2024	11.04	11.04	11.04	11.04	0.285 times
20 Fri Sep 2024	11.27	11.27	11.27	11.27	0.248 times
19 Thu Sep 2024	11.51	12.28	12.50	11.51	1.735 times
18 Wed Sep 2024	12.12	12.00	12.12	11.80	2.97 times
17 Tue Sep 2024	11.55	11.70	11.80	11.15	1.219 times
16 Mon Sep 2024	11.70	12.12	12.12	11.31	1.57 times

My analysis of stock is bearish for shortterm, but stock is semi over sold and there are some chances of seeing a recovery tomorrow. Use 10.1 as stoploss in an intra day buy trade for a target of 10.76. However, stock will show a bearish move below 10.1.

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	9.38
Downside Target	10.16
Upside Target	10.93
Upside Target	11.04
Upside Target	11.15
Upside Target	11.59
Upside Target	12.50
Upside Target	15.45

Intraday share price targets for Zenith Steel (ZENITHSTL_BE)

Target Type	Value
Downside Intraday Target	9.87
Downside Intraday Target	9.57
Upside Intraday Target	10.75
Upside Intraday Target	11.33
Upside Intraday Target	10.45

Weekly technical analysis of Zenith Steel (ZENITHSTL_BE)

Date	Weekly Closing Price	Open	High	Low	Volume
27 Fri Sep 2024	10.16	11.04	11.04	10.16	0.175 times
20 Fri Sep 2024	11.27	12.12	12.50	11.15	1.016 times
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

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
27 Fri Sep 2024	10.16	9.56	12.50	9.56	2.379 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, and volume has increased substantially. This means that the move can 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 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 SELL. Signal strength is Weak and stock is losing 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 green color and prices are in or below the green 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 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 11.61 and Zenith Steel (ZENITHSTL_BE) stock is trading below this level. This means that stock is falling with high volumes. 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 positive

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