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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 2024-12-20 View latest technical analysis

10 day averaged volume of Zenith Steel is 72782

Date	Daily Closing Price	Open	High	Low	Volume
20 Fri Dec 2024	8.54	8.91	8.91	8.45	0.708 times
19 Thu Dec 2024	8.79	8.93	8.93	8.55	0.569 times
18 Wed Dec 2024	8.74	9.26	9.26	8.56	0.961 times
17 Tue Dec 2024	8.83	8.90	8.95	8.55	0.684 times
16 Mon Dec 2024	8.70	9.11	9.11	8.57	0.974 times
13 Fri Dec 2024	8.72	9.17	9.17	8.52	1.211 times
12 Thu Dec 2024	8.88	9.10	9.10	8.86	0.763 times
11 Wed Dec 2024	8.93	8.92	9.00	8.85	0.63 times
10 Tue Dec 2024	8.92	8.99	9.10	8.85	0.897 times
09 Mon Dec 2024	8.99	9.15	9.15	8.91	1.028 times

Although my analysis for stock is bearish for shortterm, but stock is in heavy over sold zones and there are high chances of some recovery tomorrow. You might want to buy the stock tomorrow in intra day with a stoploss of 8.6, for a target of 8.8 or 8.89

Share price targets for Zenith Steel (ZENITHSTL_BE)

Target Type	Value
Downside Target	8.00
Downside Target	8.20
Downside Target	8.45
Upside Target	9.17
Upside Target	9.26
Upside Target	9.30
Upside Target	9.39
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	8.24
Downside Intraday Target	7.94
Upside Intraday Target	9.05
Upside Intraday Target	9.56
Upside Intraday Target	8.75

Weekly technical analysis of Zenith Steel (ZENITHSTL_BE)

Date	Weekly Closing Price	Open	High	Low	Volume
20 Fri Dec 2024	8.54	9.11	9.26	8.45	0.86 times
13 Fri Dec 2024	8.72	9.15	9.17	8.52	0.679 times
06 Fri Dec 2024	8.97	9.17	9.17	8.75	0.915 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

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
20 Fri Dec 2024	8.54	9.17	9.26	8.45	0.516 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 sellers have recently become active on the stock. This cannot be called a strong downtrend, specially if selected time duration is small

Price action analysis of Zenith Steel ( (ZENITHSTL_BE) ) based on a short 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 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 losing 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 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 but buying is losing 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 8.8 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.