Daily Technical Analysis Weekly Analysis Monthly Analysis Renko chart MACD chart Bollinger Bands chart Stochastics charts Force Index charts

(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 2024-11-05 View latest technical analysis

10 day averaged volume of Zenith Steel is 141839

Date	Daily Closing Price	Open	High	Low	Volume
05 Tue Nov 2024	9.06	9.16	9.27	8.96	0.65 times
04 Mon Nov 2024	9.00	9.66	9.66	8.77	1.202 times
01 Fri Nov 2024	9.24	9.55	9.55	8.81	0.287 times
31 Thu Oct 2024	9.13	9.49	9.49	8.80	1.049 times
30 Wed Oct 2024	9.09	9.08	9.38	8.80	0.763 times
29 Tue Oct 2024	9.06	9.09	9.39	8.79	1.116 times
28 Mon Oct 2024	9.11	8.80	9.72	8.79	1.812 times
25 Fri Oct 2024	9.26	9.45	9.45	9.26	0.449 times
24 Thu Oct 2024	9.45	9.35	9.45	9.35	0.687 times
23 Wed Oct 2024	9.53	9.73	9.74	9.53	1.15 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 9.1, but if it comes above 9.1, then a intra day buy could be more profitable.
If you take a sell trade below 9.1, then use 9.1 as stoploss and 8.8 as target. However if you take a buy trade in stock , then use 9.1 as stoploss and 9.4 as target.

Share price targets for Zenith Steel (ZENITHSTL_BE)

Target Type	Value
Downside Target	8.77
Upside Target	9.26
Upside Target	9.66
Upside Target	9.72
Upside Target	9.73
Upside Target	9.90
Upside Target	10.11
Upside Target	10.34
Upside Target	10.93
Upside Target	12.50
Upside Target	15.45

Intraday share price targets for Zenith Steel (ZENITHSTL_BE)

Target Type	Value
Downside Intraday Target	8.67
Downside Intraday Target	8.27
Upside Intraday Target	9.56
Upside Intraday Target	10.05
Upside Intraday Target	9.16

Weekly technical analysis of Zenith Steel (ZENITHSTL_BE)

Date	Weekly Closing Price	Open	High	Low	Volume
05 Tue Nov 2024	9.06	9.66	9.66	8.77	0.368 times
01 Fri Nov 2024	9.24	8.80	9.72	8.79	1.209 times
25 Fri Oct 2024	9.26	9.92	10.11	9.26	2.567 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

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
05 Tue Nov 2024	9.06	9.55	9.66	8.77	0.151 times
31 Thu Oct 2024	9.13	10.14	10.34	8.79	0.409 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

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 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 term time period is positive, but trend is highly volatile. A longer time period analysis might give a better idea of the trend.

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 gaining 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 SELL signal for Zenith Steel in short term and SELL signal is strong!

RSI is generating a BUY signal in short term but buying is losing 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 9.18 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.