(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)
10 day averaged volume of Zenith Steel is 28606
| Date | Daily Closing Price | Open | High | Low | Volume |
| 07 Thu Dec 2023 | 5.75 | 5.75 | 5.75 | 5.75 | 3.24 times |
| 06 Wed Dec 2023 | 5.85 | 5.85 | 5.85 | 5.85 | 1.122 times |
| 05 Tue Dec 2023 | 5.95 | 5.95 | 5.95 | 5.95 | 1.794 times |
| 04 Mon Dec 2023 | 6.05 | 6.05 | 6.05 | 6.05 | 0.827 times |
| 01 Fri Dec 2023 | 6.15 | 6.15 | 6.15 | 6.15 | 0.633 times |
| 30 Thu Nov 2023 | 6.25 | 6.25 | 6.25 | 6.25 | 0.279 times |
| 29 Wed Nov 2023 | 6.35 | 6.35 | 6.35 | 6.35 | 0.475 times |
| 28 Tue Nov 2023 | 6.45 | 6.45 | 6.45 | 6.45 | 2.732 times |
| 24 Fri Nov 2023 | 6.55 | 6.55 | 6.55 | 6.55 | 0.428 times |
| 23 Thu Nov 2023 | 6.65 | 6.65 | 6.65 | 6.65 | 0.827 times |
Stock of Zenith Steel (ZENITHSTL_BE) has showed a significant fall. This could be a good time to exit from this stock.
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 5.6, for a target of 6.1 or 6.57
Share price targets for Zenith Steel (ZENITHSTL_BE)
| Target Type | Value |
| Downside Target | 3.80 |
| Downside Target | 4.10 |
| Downside Target | 4.30 |
| Downside Target | 4.95 |
| Downside Target | 5.40 |
| Downside Target | 5.75 |
| Upside Target | 6.05 |
| Upside Target | 6.45 |
| Upside Target | 6.70 |
| Upside Target | 6.90 |
| Upside Target | 7.00 |
| Upside Target | 7.10 |
| Upside Target | 7.20 |
Intraday share price targets for Zenith Steel (ZENITHSTL_BE)
| Target Type | Value |
| Downside Intraday Target | 5.65 |
| Downside Intraday Target | 5.55 |
| Upside Intraday Target | 5.95 |
| Upside Intraday Target | 6.15 |
| Upside Intraday Target | 5.85 |
Weekly technical analysis of Zenith Steel (ZENITHSTL_BE)
| Date | Weekly Closing Price | Open | High | Low | Volume |
| 07 Thu Dec 2023 | 5.75 | 6.05 | 6.05 | 5.75 | 1.695 times |
| 01 Fri Dec 2023 | 6.15 | 6.45 | 6.45 | 6.15 | 0.333 times |
| 24 Fri Nov 2023 | 6.55 | 7.00 | 7.00 | 6.55 | 0.416 times |
| 17 Fri Nov 2023 | 6.90 | 7.20 | 7.20 | 6.70 | 0.503 times |
| 10 Fri Nov 2023 | 7.10 | 5.70 | 7.10 | 5.45 | 1.464 times |
Price has moved down this week, and volume has increased substantially. This means that the move can continue in coming weeks.
Monthly technical analysis of Zenith Steel (ZENITHSTL_BE)
| Date | Monthly Closing Price | Open | High | Low | Volume |
| 07 Thu Dec 2023 | 5.75 | 6.15 | 6.15 | 5.75 | 0.06 times |
| 30 Thu Nov 2023 | 6.25 | 6.05 | 7.20 | 5.40 | 0.748 times |
| 31 Tue Oct 2023 | 5.95 | 6.90 | 6.90 | 4.95 | 4.929 times |
| 08 Fri Sep 2023 | 4.00 | 4.05 | 4.10 | 3.85 | 0.386 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 neutral. A longer time frame might give a better analysis.
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 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 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 losing momentum.
MACD generated a SELL signal for Zenith Steel in short term but the sell signal is initial and weak.
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 green color and prices are in or below the green 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
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 6.11 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 positive
Force Index is moving in a negative zone, which indicates selling momentum for short term... Selling momentum is getting weaker.
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 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 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 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 losing momentum.
MACD generated a SELL signal for Zenith Steel in short term but the sell signal is initial and weak.
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 green color and prices are in or below the green 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
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 6.11 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 positive
Force Index is moving in a negative zone, which indicates selling momentum for short term... Selling momentum is getting weaker.
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