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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 2024-11-27 View latest technical analysis

10 day averaged volume of Zenith Steel is 126035

Date	Daily Closing Price	Open	High	Low	Volume
27 Wed Nov 2024	9.04	9.25	9.25	8.86	0.549 times
26 Tue Nov 2024	9.07	8.90	9.30	8.88	0.962 times
25 Mon Nov 2024	9.01	9.03	9.09	8.84	0.904 times
22 Fri Nov 2024	8.85	9.04	9.04	8.50	0.876 times
21 Thu Nov 2024	8.78	9.00	9.17	8.61	0.721 times
19 Tue Nov 2024	8.94	9.18	9.39	8.65	1.298 times
18 Mon Nov 2024	9.00	8.69	9.00	8.20	1.209 times
14 Thu Nov 2024	8.58	8.03	8.79	8.00	0.916 times
13 Wed Nov 2024	8.39	8.79	9.00	8.25	1.595 times
12 Tue Nov 2024	8.69	9.00	9.20	8.59	0.872 times

My analysis of stock is bullish for shortterm, and stock might move up till 9.2 or till 9.4. Use a stoploss of 8.98 and if this stock hits its stoploss, then it can fall down till 8.77

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	9.30
Upside Target	9.56
Upside Target	9.66
Upside Target	9.72
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	8.82
Downside Intraday Target	8.6
Upside Intraday Target	9.28
Upside Intraday Target	9.52
Upside Intraday Target	9.06

Weekly technical analysis of Zenith Steel (ZENITHSTL_BE)

Date	Weekly Closing Price	Open	High	Low	Volume
27 Wed Nov 2024	9.04	9.03	9.30	8.84	0.588 times
22 Fri Nov 2024	8.85	8.69	9.39	8.20	1.019 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

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
27 Wed Nov 2024	9.04	9.55	9.66	8.00	0.948 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 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.

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 BUY. 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 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 in or above 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 8.81 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 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.