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

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

10 day averaged volume of Bajaj Steel is 5621

Date Daily Closing Price Open High Low Volume
30 Tue Apr 2024 1290.25 1279.05 1299.00 1279.00 0.684 times
29 Mon Apr 2024 1279.20 1291.50 1310.00 1266.00 1.246 times
26 Fri Apr 2024 1285.50 1305.50 1305.50 1262.00 0.531 times
25 Thu Apr 2024 1280.20 1304.00 1320.00 1271.20 1.211 times
24 Wed Apr 2024 1283.70 1287.00 1310.00 1270.10 0.833 times

My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 1282.6, but if it comes below 1282.6, then a intra day sell could be more profitable.
If you take a sell trade below 1282.6, then use 1282.6 as stoploss and 1257.32 as target. However if you take a buy trade in stock , then use 1282.6 as stoploss and 1313 as target.

Share price targets for Bajaj Steel (BajajSteel)

Target Type Value
Downside Target 1030.60
Downside Target 1112.55
Downside Target 1150.00
Downside Target 1173.90
Downside Target 1203.90
Downside Target 1289.95
Upside Target 1295.00
Upside Target 1310.00
Upside Target 1320.00
Upside Target 1559.95
Upside Target 1626.90

Intraday share price targets for Bajaj Steel (BajajSteel)

Target Type Value
Downside Intraday Target 1267.5
Downside Intraday Target 1244.75
Upside Intraday Target 1311.5
Upside Intraday Target 1332.75
Downside Intraday Target 1288.75

Weekly technical analysis of Bajaj Steel (BajajSteel)

Date Weekly Closing Price Open High Low Volume
30 Tue Apr 2024 1290.25 1291.50 1310.00 1266.00 0.4 times
26 Fri Apr 2024 1285.50 1244.00 1320.00 1222.80 1.112 times
19 Fri Apr 2024 1249.10 1248.00 1269.95 1203.90 1.061 times
12 Fri Apr 2024 1281.25 1295.00 1295.00 1230.25 0.717 times
05 Fri Apr 2024 1272.60 1150.00 1289.95 1150.00 1.411 times

Price has moved up 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 Bajaj Steel (BajajSteel)

Date Monthly Closing Price Open High Low Volume
30 Tue Apr 2024 1290.25 1150.00 1320.00 1150.00 0.925 times
28 Thu Mar 2024 1151.25 1195.00 1252.00 1045.50 0.35 times
29 Thu Feb 2024 1189.30 1546.80 1626.90 1150.00 1.106 times
31 Wed Jan 2024 1529.40 1170.00 1559.95 1112.55 2.54 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 Bajaj Steel (BajajSteel)

Indicator Name Indicator Value Indicator Signal
ADX 20, 13, 22 Buy
MACD 33, 29Buy
Stochastics 70None
CCI 71Buy
RSI 54Buy
OBV 39270Sell
VWAP 1266Buy
ADL 0Sell
ROC 3Buy
Force Index 0Sell

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

MACD generated a BUY signal for Bajaj Steel in short term and the buy signal is strong.

MACD line is moving upwards which means that SELL signal is weakening, and buying is picking up momentum.

Bajaj 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. 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 Bajaj Steel 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

Although the stock is in the SELL zone, but selling might be slowing down

Stock of Bajaj 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 1266.49 and Bajaj Steel (BajajSteel) 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 Bajaj Steel (BajajSteel) stock. Volume based technical analysis of Bajaj Steel (BajajSteel) stock is negative.

Bajaj Steel 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.

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