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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 2024-11-21 View latest technical analysis

10 day averaged volume of Zenith Steel is 118683

Date	Daily Closing Price	Open	High	Low	Volume
21 Thu Nov 2024	8.78	9.00	9.17	8.61	0.766 times
19 Tue Nov 2024	8.94	9.18	9.39	8.65	1.378 times
18 Mon Nov 2024	9.00	8.69	9.00	8.20	1.284 times
14 Thu Nov 2024	8.58	8.03	8.79	8.00	0.973 times
13 Wed Nov 2024	8.39	8.79	9.00	8.25	1.694 times
12 Tue Nov 2024	8.69	9.00	9.20	8.59	0.926 times
11 Mon Nov 2024	9.05	9.41	9.41	8.72	0.686 times
08 Fri Nov 2024	9.17	9.36	9.40	8.85	0.679 times
07 Thu Nov 2024	9.18	9.59	9.59	9.05	0.854 times
06 Wed Nov 2024	9.20	9.42	9.42	8.81	0.749 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 8.8, but if it comes above 8.8, then a intra day buy could be more profitable.
If you take a sell trade below 8.8, then use 8.8 as stoploss and 8.5 as target. However if you take a buy trade in stock , then use 8.8 as stoploss and 9.05 as target.

Share price targets for Zenith Steel (ZENITHSTL_BE)

Target Type	Value
Downside Target	8.00
Downside Target	8.20
Downside Target	8.77
Upside Target	9.26
Upside Target	9.66
Upside Target	9.72
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	8.19
Downside Intraday Target	7.6
Upside Intraday Target	9.38
Upside Intraday Target	9.98
Upside Intraday Target	8.79

Weekly technical analysis of Zenith Steel (ZENITHSTL_BE)

Date	Weekly Closing Price	Open	High	Low	Volume
21 Thu Nov 2024	8.78	8.69	9.39	8.20	0.801 times
14 Thu Nov 2024	8.58	9.41	9.41	8.00	0.952 times
08 Fri Nov 2024	9.17	9.66	9.66	8.77	0.748 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

Price has moved up 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
21 Thu Nov 2024	8.78	9.55	9.66	8.00	0.742 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 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 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 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 negative. This means that there is a strong downtrend in the stock for given time period. Sellers are extremely active on this 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 BUY signal for Zenith Steel in short term but the buy signal is initial and weak.

MACD line is moving upwards which means that SELL signal is weakening, and buying is picking up momentum.

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 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 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 8.85 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.