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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 2024-10-07 View latest technical analysis

10 day averaged volume of Zenith Steel is 74446

Date	Daily Closing Price	Open	High	Low	Volume
07 Mon Oct 2024	9.90	9.90	9.90	9.90	0.089 times
04 Fri Oct 2024	10.11	10.15	10.15	10.11	0.396 times
03 Thu Oct 2024	10.32	10.34	10.34	10.32	2.389 times
01 Tue Oct 2024	10.14	10.14	10.14	10.14	1.403 times
30 Mon Sep 2024	9.95	9.95	9.95	9.95	1.262 times
27 Fri Sep 2024	10.16	10.16	10.16	10.16	0.933 times
26 Thu Sep 2024	10.37	10.37	10.37	10.37	0.705 times
25 Wed Sep 2024	10.59	10.59	10.59	10.59	0.38 times
24 Tue Sep 2024	10.81	10.81	10.81	10.81	1.017 times
23 Mon Sep 2024	11.04	11.04	11.04	11.04	0.81 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 10.2, but if it comes above 10.2, then a intra day buy could be more profitable.
If you take a sell trade below 10.2, then use 10.2 as stoploss and 9.4 as target. However if you take a buy trade in stock , then use 10.2 as stoploss and 10.81 as target.

Share price targets for Zenith Steel (ZENITHSTL_BE)

Target Type	Value
Downside Target	7.00
Downside Target	8.60
Downside Target	8.80
Downside Target	9.53
Downside Target	9.90
Upside 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	9.9
Downside Intraday Target	9.9
Downside Intraday Target	9.9
Downside Intraday Target	9.9
Downside Intraday Target	9.9

Weekly technical analysis of Zenith Steel (ZENITHSTL_BE)

Date	Weekly Closing Price	Open	High	Low	Volume
07 Mon Oct 2024	9.90	9.90	9.90	9.90	0.016 times
04 Fri Oct 2024	10.11	9.95	10.34	9.95	1.418 times
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

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
07 Mon Oct 2024	9.90	10.14	10.34	9.90	0.065 times
30 Mon Sep 2024	9.95	9.56	12.50	9.56	2.426 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

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 negative, but sellers have recently become active on the stock. This cannot be called a strong downtrend, specially if selected time duration is small

Price action analysis of Zenith Steel ( (ZENITHSTL_BE) ) based on a short to mid 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 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 gaining 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

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 10.34 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.