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(STEELXIND) Steel Exchange complete technical analysis [charts+indicators] | Buy/Sell Steel Exchange | (STEELXIND) share price targets

Complete technical analysis of Steel Exchange (STEELXIND) by charts plus indicators, forecast predictions and share price targets for Steel Exchange (STEELXIND)

10 day averaged volume of Steel Exchange is 7835516

Date Daily Closing Price Open High Low Volume
21 Fri Jun 2024 14.24 13.14 14.43 13.11 4.085 times
20 Thu Jun 2024 13.11 12.85 13.45 12.76 1.115 times
19 Wed Jun 2024 12.81 13.18 13.24 12.76 0.592 times
18 Tue Jun 2024 13.10 13.59 13.60 13.00 0.7 times
14 Fri Jun 2024 13.41 13.28 13.97 13.07 1.486 times

Stock of Steel Exchange (STEELXIND) has showed a significant upmove. This could be a good time to enter in this stock!

Although my analysis for stock is bullish for shortterm, but stock is over bought and there are high chances of some profit booking tomorrow. You might want to sell the stock tomorrow in intra day with a stoploss of 13.9, for a target of 13.4 or 12.96

Share price targets for Steel Exchange (STEELXIND)

Target Type Value
Downside Target 11.65
Downside Target 12.00
Downside Target 12.50
Downside Target 12.76
Downside Target 13.30
Downside Target 13.97
Upside Target 14.43
Upside Target 15.30
Upside Target 15.80
Upside Target 17.85

Intraday share price targets for Steel Exchange (STEELXIND)

Target Type Value
Downside Intraday Target 13.19
Downside Intraday Target 12.14
Upside Intraday Target 14.86
Upside Intraday Target 15.48
Downside Intraday Target 13.81

Weekly technical analysis of Steel Exchange (STEELXIND)

Date Weekly Closing Price Open High Low Volume
21 Fri Jun 2024 14.24 13.59 14.43 12.76 2.098 times
14 Fri Jun 2024 13.41 13.40 13.97 12.90 1.552 times
07 Fri Jun 2024 13.15 13.00 13.30 11.65 1.347 times
31 Fri May 2024 12.55 13.00 13.50 12.50 0.907 times
24 Fri May 2024 12.90 13.60 13.60 12.85 0.7 times

Price has moved up this week, and volume has increased substantially. This means that the move can continue in coming weeks.

Monthly technical analysis of Steel Exchange (STEELXIND)

Date Monthly Closing Price Open High Low Volume
21 Fri Jun 2024 14.24 13.00 14.43 11.65 1.043 times
31 Fri May 2024 12.55 14.10 15.30 12.50 0.934 times
30 Tue Apr 2024 14.10 14.45 15.80 13.60 0.747 times
28 Thu Mar 2024 13.80 14.60 15.30 12.00 0.588 times

Price has moved up 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 Steel Exchange (STEELXIND)

Indicator Name Indicator Value Indicator Signal
ADX 35, 15, 42 Buy
MACD -0, -0Buy
Stochastics 59None
CCI 239Buy
RSI 60Buy
OBV 44162137Sell
VWAP 14Buy
ADL 0Sell
ROC 12Buy
Force Index 0Sell

Price action analysis of Steel Exchange ( (STEELXIND) ) 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 Steel Exchange ( (STEELXIND) ) based on a short term time period is

Price action analysis of Steel Exchange ( (STEELXIND) ) 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 Steel Exchange ( (STEELXIND) ) 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 Steel Exchange stock for short term is BUY. Signal strength is Strong and stock is gaining momentum.

MACD generated a BUY signal for Steel Exchange 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.

Steel Exchange 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 in or above the red cloud Prices appear to be moving up

CCI has generated a buy signal for Steel Exchange in short term and BUY 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 Steel Exchange is picking up selling momentum according to indicator.

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 13.59 and Steel Exchange (STEELXIND) stock is trading above this level. This is a good sign for the stock and it could move higher. VWAP is rising upwards.

People seem to be coming out and selling the Steel Exchange (STEELXIND) stock. Volume based technical analysis of Steel Exchange (STEELXIND) stock is negative.

Steel Exchange Stock is giving positive 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.

Click here for Steel Exchange charts

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