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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 3988006

Date Daily Closing Price Open High Low Volume
14 Fri Jun 2024 13.41 13.28 13.97 13.07 2.919 times
13 Thu Jun 2024 13.13 13.15 13.18 12.90 0.953 times
12 Wed Jun 2024 13.09 13.03 13.17 13.03 0.677 times
11 Tue Jun 2024 13.02 13.15 13.26 12.96 0.624 times
10 Mon Jun 2024 13.07 13.40 13.45 12.99 0.908 times

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

My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 13.2, but if it comes below 13.2, then a intra day sell could be more profitable.
If you take a sell trade below 13.2, then use 13.2 as stoploss and 12.91 as target. However if you take a buy trade in stock , then use 13.2 as stoploss and 13.6 as target.

Share price targets for Steel Exchange (STEELXIND)

Target Type Value
Downside Target 11.65
Downside Target 12.00
Downside Target 12.50
Downside Target 12.85
Downside Target 13.30
Upside Target 13.80
Upside Target 13.97
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 12.88
Downside Intraday Target 12.36
Upside Intraday Target 13.95
Upside Intraday Target 14.5
Upside Intraday Target 13.43

Weekly technical analysis of Steel Exchange (STEELXIND)

Date Weekly Closing Price Open High Low Volume
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
17 Fri May 2024 13.45 13.20 13.80 12.95 0.713 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
14 Fri Jun 2024 13.41 13.00 13.97 11.65 0.458 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 31, 18, 28 Buy
MACD -0, -0Buy
Stochastics 79Buy
CCI 122Buy
RSI 55Buy
OBV 7455491Sell
VWAP 13Buy
ADL 0Sell
ROC 7Buy
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 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 short to mid 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 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 is trading near its recent HIGHS, which reflects strong buying momentum in short term! Bulls are getting tired and bears are picking up momentum.

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 but buying is losing momentum.

MRSI is in negative zone. This is the SELL zone

Stock of Steel Exchange is picking up buying momentum according to indicator.

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 12.98 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 negative.

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

Click here for further forecast and predictions for tomorrow

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