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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 2024-10-23 View latest technical analysis

10 day averaged volume of Zenith Steel is 67734

Date	Daily Closing Price	Open	High	Low	Volume
23 Wed Oct 2024	9.53	9.73	9.74	9.53	2.409 times
22 Tue Oct 2024	9.73	10.11	10.11	9.73	3.107 times
21 Mon Oct 2024	9.92	9.92	9.92	9.92	0.815 times
18 Fri Oct 2024	9.73	9.73	9.73	9.73	0.446 times
17 Thu Oct 2024	9.54	9.54	9.54	9.54	0.882 times
16 Wed Oct 2024	9.36	9.64	9.64	9.36	0.544 times
15 Tue Oct 2024	9.46	9.38	9.50	9.38	0.68 times
14 Mon Oct 2024	9.36	9.41	9.56	9.36	0.84 times
11 Fri Oct 2024	9.56	9.64	9.64	9.55	0.671 times
10 Thu Oct 2024	9.65	9.71	9.71	9.65	0.683 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, but stock is semi over sold and there are some chances of seeing a recovery tomorrow. Use 9.5 as stoploss in an intra day buy trade for a target of 9.85. However, stock will show a bearish move below 9.5.

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	9.34
Downside Intraday Target	9.14
Upside Intraday Target	9.92
Upside Intraday Target	10.3
Upside Intraday Target	9.72

Weekly technical analysis of Zenith Steel (ZENITHSTL_BE)

Date	Weekly Closing Price	Open	High	Low	Volume
23 Wed Oct 2024	9.53	9.92	10.11	9.53	1.866 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, and volume has increased substantially. This means that the move can continue in coming weeks.

Monthly technical analysis of Zenith Steel (ZENITHSTL_BE)

Date	Monthly Closing Price	Open	High	Low	Volume
23 Wed Oct 2024	9.53	10.14	10.34	9.36	0.239 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 negative, but trend is highly volatile. A longer duration price action analysis might give a better picture of the trend in this stock.

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 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 in short term is moving inside a range for now. Please check in a day or two to for a better buy sell signal. Bulls are getting tired and bears are picking up momentum.

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 and SELL 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

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 9.61 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 negative.

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