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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 2024-10-22 View latest technical analysis

10 day averaged volume of Zenith Steel is 48236

Date	Daily Closing Price	Open	High	Low	Volume
22 Tue Oct 2024	9.73	10.11	10.11	9.73	4.363 times
21 Mon Oct 2024	9.92	9.92	9.92	9.92	1.145 times
18 Fri Oct 2024	9.73	9.73	9.73	9.73	0.627 times
17 Thu Oct 2024	9.54	9.54	9.54	9.54	1.238 times
16 Wed Oct 2024	9.36	9.64	9.64	9.36	0.765 times
15 Tue Oct 2024	9.46	9.38	9.50	9.38	0.955 times
14 Mon Oct 2024	9.36	9.41	9.56	9.36	1.18 times
11 Fri Oct 2024	9.56	9.64	9.64	9.55	0.943 times
10 Thu Oct 2024	9.65	9.71	9.71	9.65	0.958 times
09 Wed Oct 2024	9.85	9.55	9.89	9.55	1.869 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 bearish for shortterm, and stock might move down till 9.5 or till 9. Use a stoploss of 9.91 and if the stock hits stoploss, then it can shoot up till 10.3

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	9.36
Upside Target	10.11
Upside Target	10.16
Upside Target	10.34
Upside Target	10.93
Upside Target	11.04
Upside Target	12.50
Upside Target	15.45

Intraday share price targets for Zenith Steel (ZENITHSTL_BE)

Target Type	Value
Downside Intraday Target	9.6
Downside Intraday Target	9.48
Upside Intraday Target	9.98
Upside Intraday Target	10.24
Upside Intraday Target	9.86

Weekly technical analysis of Zenith Steel (ZENITHSTL_BE)

Date	Weekly Closing Price	Open	High	Low	Volume
22 Tue Oct 2024	9.73	9.92	10.11	9.73	1.156 times
18 Fri Oct 2024	9.73	9.41	9.73	9.36	1.126 times
11 Fri Oct 2024	9.56	9.90	9.90	9.55	0.503 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

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
22 Tue Oct 2024	9.73	10.14	10.34	9.36	0.206 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 positive, but buyers have become active on the stock recently. This cannot be a definite uptrend, 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 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 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 Weak and stock is gaining momentum.

MACD generated a SELL signal for Zenith Steel in short term and the sell 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 stronger in this stock.

Ichimoku cloud is of red color and prices are below 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 9.66 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.