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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 2024-12-05 View latest technical analysis

10 day averaged volume of Zenith Steel is 99053

Date	Daily Closing Price	Open	High	Low	Volume
05 Thu Dec 2024	8.83	9.00	9.09	8.80	0.606 times
04 Wed Dec 2024	8.92	8.83	9.13	8.83	0.638 times
03 Tue Dec 2024	8.99	9.17	9.17	8.88	1.067 times
02 Mon Dec 2024	8.98	9.17	9.17	8.84	0.911 times
29 Fri Nov 2024	9.04	8.76	9.17	8.76	1.057 times
28 Thu Nov 2024	8.92	9.25	9.25	8.62	1.221 times
27 Wed Nov 2024	9.04	9.25	9.25	8.86	0.699 times
26 Tue Nov 2024	9.07	8.90	9.30	8.88	1.224 times
25 Mon Nov 2024	9.01	9.03	9.09	8.84	1.15 times
22 Fri Nov 2024	8.85	9.04	9.04	8.50	1.115 times

My analysis of stock is bearish for shortterm, and stock might move down till 8.7 or till 8.5. Use a stoploss of 8.93 and if the stock hits stoploss, then it can shoot up till 9.13

Share price targets for Zenith Steel (ZENITHSTL_BE)

Target Type	Value
Downside Target	8.00
Downside Target	8.20
Downside Target	8.62
Upside Target	9.17
Upside Target	9.39
Upside Target	9.41
Upside Target	9.56
Upside Target	9.66
Upside Target	10.34
Upside Target	10.93
Upside Target	12.50

Intraday share price targets for Zenith Steel (ZENITHSTL_BE)

Target Type	Value
Downside Intraday Target	8.7
Downside Intraday Target	8.56
Upside Intraday Target	9.07
Upside Intraday Target	9.3
Upside Intraday Target	8.93

Weekly technical analysis of Zenith Steel (ZENITHSTL_BE)

Date	Weekly Closing Price	Open	High	Low	Volume
05 Thu Dec 2024	8.83	9.17	9.17	8.80	0.602 times
29 Fri Nov 2024	9.04	9.03	9.30	8.62	1.025 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

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 Thu Dec 2024	8.83	9.17	9.17	8.80	0.15 times
29 Fri Nov 2024	9.04	9.55	9.66	8.00	1.061 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

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 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 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 losing momentum.

MACD generated a BUY signal for Zenith Steel in short term but the buy signal is initial and weak.

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. Bears 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 positive zone. This is a BUY 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 8.97 and Zenith Steel (ZENITHSTL_BE) stock is trading below this level. This means that stock is falling with high volumes. 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.