(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 3293
| Date | Daily Closing Price | Open | High | Low | Volume |
| 17 Fri May 2024 | 1263.85 | 1270.00 | 1284.95 | 1253.00 | 1.04 times |
| 16 Thu May 2024 | 1264.90 | 1273.15 | 1282.90 | 1251.00 | 1.299 times |
| 15 Wed May 2024 | 1273.15 | 1276.00 | 1294.20 | 1268.60 | 1.126 times |
| 14 Tue May 2024 | 1276.25 | 1252.15 | 1299.80 | 1252.15 | 0.906 times |
| 13 Mon May 2024 | 1259.50 | 1289.95 | 1289.95 | 1240.00 | 0.868 times |
My analysis of stock is bearish for shortterm, but stock is semi over sold and there are some chances of seeing a recovery tomorrow. Use 1262.4 as stoploss in an intra day buy trade for a target of 1275.4. However, stock will show a bearish move below 1262.4.
Share price targets for Bajaj Steel (BajajSteel)
| Target Type | Value |
| Downside Target | 1045.50 |
| Downside Target | 1112.55 |
| Downside Target | 1150.00 |
| Downside Target | 1203.90 |
| Upside Target | 1299.80 |
| Upside Target | 1310.00 |
| Upside Target | 1311.00 |
| 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 | 1235.97 |
| Downside Intraday Target | 1208.08 |
| Upside Intraday Target | 1295.77 |
| Upside Intraday Target | 1327.68 |
| Upside Intraday Target | 1267.88 |
Weekly technical analysis of Bajaj Steel (BajajSteel)
| Date | Weekly Closing Price | Open | High | Low | Volume |
| 17 Fri May 2024 | 1263.85 | 1289.95 | 1299.80 | 1240.00 | 1.1 times |
| 10 Fri May 2024 | 1266.10 | 1310.00 | 1310.00 | 1242.00 | 0.691 times |
| 03 Fri May 2024 | 1288.75 | 1291.50 | 1311.00 | 1266.00 | 0.836 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 |
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 Bajaj Steel (BajajSteel)
| Date | Monthly Closing Price | Open | High | Low | Volume |
| 17 Fri May 2024 | 1263.85 | 1300.00 | 1311.00 | 1240.00 | 0.381 times |
| 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 |
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 Bajaj Steel (BajajSteel)
| Indicator Name | Indicator Value | Indicator Signal |
| ADX | 10, 15, 18 | Sell |
| MACD | 16, 21 | Sell |
| Stochastics | 39 | None |
| CCI | -61 | Buy |
| RSI | 63 | Buy |
| OBV | 11694 | Sell |
| VWAP | 1273 | Sell |
| ADL | 0 | Sell |
| ROC | -2 | Sell |
| Force Index | 0 | Sell |
Price action analysis of Bajaj Steel ( (BajajSteel) ) based on a short term time period is negative, but trend is highly volatile. A longer duration price action analysis might give a better picture of the trend in this stock.
Price action analysis of Bajaj Steel ( (BajajSteel) ) 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 Bajaj Steel ( (BajajSteel) ) 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 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 SELL. Signal strength is Weak and stock is losing momentum.
MACD generated a SELL signal for Bajaj Steel in short term but the sell signal is initial and weak.
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. Bears 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 coming down
CCI has generated a buy signal for Bajaj Steel in short term but BUY signal is weak.
RSI is generating a BUY signal in short term and the buying is gaining momentum.
MRSI is in positive zone. This is a BUY zone
Stock of Bajaj 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 1272.56 and Bajaj Steel (BajajSteel) 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 Bajaj Steel (BajajSteel) stock. Volume based technical analysis of Bajaj Steel (BajajSteel) stock is negative.
Bajaj 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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