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

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

10 day averaged volume of Steel Exch is 902425

Date Daily Closing Price Open High Low Volume
16 Thu May 2024 13.42 13.50 13.63 13.36 0.467 times
15 Wed May 2024 13.49 13.60 13.79 13.39 0.47 times
14 Tue May 2024 13.63 13.34 13.90 13.10 1.206 times
13 Mon May 2024 13.11 13.20 13.29 13.00 0.477 times
10 Fri May 2024 13.19 13.64 13.77 13.00 0.771 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 13.5, but if it comes above 13.5, then a intra day buy could be more profitable.
If you take a sell trade below 13.5, then use 13.5 as stoploss and 13 as target. However if you take a buy trade in stock , then use 13.5 as stoploss and 13.92 as target.

Share price targets for Steel Exch (SteelExch)

Target Type Value
Downside Target 10.29
Downside Target 11.64
Downside Target 13.00
Upside Target 13.64
Upside Target 14.40
Upside Target 15.19
Upside Target 15.29
Upside Target 15.30
Upside Target 15.85
Upside Target 17.87
Upside Target 18.42

Intraday share price targets for Steel Exch (SteelExch)

Target Type Value
Downside Intraday Target 12.98
Downside Intraday Target 12.54
Upside Intraday Target 13.88
Upside Intraday Target 14.34
Upside Intraday Target 13.44

Weekly technical analysis of Steel Exch (SteelExch)

Date Weekly Closing Price Open High Low Volume
16 Thu May 2024 13.42 13.20 13.90 13.00 0.596 times
10 Fri May 2024 13.19 15.00 15.19 13.00 0.738 times
03 Fri May 2024 14.96 14.08 15.30 13.95 1.798 times
26 Fri Apr 2024 14.11 14.07 14.40 13.84 1.161 times
19 Fri Apr 2024 13.79 14.11 14.50 13.64 0.624 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 Steel Exch (SteelExch)

Date Monthly Closing Price Open High Low Volume
16 Thu May 2024 13.42 14.03 15.30 13.00 0.565 times
30 Tue Apr 2024 14.09 14.26 15.85 13.64 0.651 times
28 Thu Mar 2024 13.82 14.79 15.29 11.64 0.736 times
29 Thu Feb 2024 14.55 17.52 17.87 13.69 0.335 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 Steel Exch (SteelExch)

Indicator Name Indicator Value Indicator Signal
ADX 25, 21, 8 Buy
MACD -0, -0Sell
Stochastics 22Sell
CCI -53Sell
RSI 59Buy
OBV -531698Sell
VWAP 14Sell
ADL 0Sell
ROC -6Sell
Force Index 0Sell

Price action analysis of Steel Exch ( (SteelExch) ) based on a short term time period is positive, but buyers have become active on the stock recently. This cannot be a definite uptrend, specially if selected time duration is small.

Price action analysis of Steel Exch ( (SteelExch) ) based on a short 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 Steel Exch ( (SteelExch) ) 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 Steel Exch ( (SteelExch) ) 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 Exch stock for short term is BUY. Signal strength is Weak and stock is gaining momentum.

MACD generated a SELL signal for Steel Exch in short term and the sell signal is strong.

Steel Exch 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 red color and prices are in or above the red cloud Prices appear to be coming down

CCI has generated a SELL signal for Steel Exch 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 positive zone. This is a BUY zone

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

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 14.15 and Steel Exch (SteelExch) 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 Steel Exch (SteelExch) stock. Volume based technical analysis of Steel Exch (SteelExch) stock is negative.

Steel Exch Stock has given negative 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.

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