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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 2024-10-09 View latest technical analysis

10 day averaged volume of Zenith Steel is 65376

Date	Daily Closing Price	Open	High	Low	Volume
09 Wed Oct 2024	9.85	9.55	9.89	9.55	1.379 times
08 Tue Oct 2024	9.70	9.70	9.70	9.70	0.237 times
07 Mon Oct 2024	9.90	9.90	9.90	9.90	0.102 times
04 Fri Oct 2024	10.11	10.15	10.15	10.11	0.451 times
03 Thu Oct 2024	10.32	10.34	10.34	10.32	2.72 times
01 Tue Oct 2024	10.14	10.14	10.14	10.14	1.598 times
30 Mon Sep 2024	9.95	9.95	9.95	9.95	1.437 times
27 Fri Sep 2024	10.16	10.16	10.16	10.16	1.062 times
26 Thu Sep 2024	10.37	10.37	10.37	10.37	0.803 times
25 Wed Sep 2024	10.59	10.59	10.59	10.59	0.433 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, but if it comes above 10, then a intra day buy could be more profitable.
If you take a sell trade below 10, then use 10 as stoploss and 9.2 as target. However if you take a buy trade in stock , then use 10 as stoploss and 10.71 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
Upside 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	9.63
Downside Intraday Target	9.42
Upside Intraday Target	9.98
Upside Intraday Target	10.12
Downside Intraday Target	9.77

Weekly technical analysis of Zenith Steel (ZENITHSTL_BE)

Date	Weekly Closing Price	Open	High	Low	Volume
09 Wed Oct 2024	9.85	9.90	9.90	9.55	0.277 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
09 Wed Oct 2024	9.85	10.14	10.34	9.55	0.086 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 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 negative. This means that there is a strong downtrend in the stock for given time period. Sellers are extremely active on this stock.

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 losing momentum.

MACD generated a SELL signal for Zenith Steel in short term and the sell signal is strong.

Zenith Steel Stock is trading near its recent LOWS in short term which reflects strong selling momentum. Bears are weakening, and bulls are picking up momentum!

Ichimoku cloud is of red color and prices are below the red cloud Prices appear to be moving up

CCI has generated a buy signal for Zenith Steel in short term but BUY signal is weak.

RSI is generating a BUY signal in short term but buying is losing momentum.

MRSI is in positive zone. This is a BUY zone

Although the stock is in the BUY zone, but buying 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 10.15 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.