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(SALSTEEL_BE) S A complete technical analysis [charts+indicators] | Buy/Sell S A | (SALSTEEL_BE) share price targets

Complete technical analysis of S A (SALSTEEL_BE) by charts plus indicators, forecast predictions and share price targets for S A (SALSTEEL_BE)

10 day averaged volume of S A is 79140

Date	Daily Closing Price	Open	High	Low	Volume
23 Fri Aug 2024	22.29	21.95	22.69	21.65	2.968 times
22 Thu Aug 2024	21.61	21.40	21.61	20.30	1.594 times
21 Wed Aug 2024	20.59	19.60	20.59	19.41	0.938 times
20 Tue Aug 2024	19.61	19.76	20.25	19.05	1.901 times
19 Mon Aug 2024	19.38	19.45	19.60	19.06	0.576 times
16 Fri Aug 2024	19.17	18.97	19.45	18.70	0.952 times
14 Wed Aug 2024	18.97	19.45	19.45	18.74	0.603 times
13 Tue Aug 2024	18.74	19.50	19.79	18.56	0.889 times
12 Mon Aug 2024	19.39	20.55	20.55	19.25	1.359 times
09 Fri Aug 2024	20.15	19.88	20.15	19.86	0.514 times

Stock of S A (SALSTEEL_BE) 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 22.4, for a target of 21.3 or 20.32

Share price targets for S A (SALSTEEL_BE)

Target Type	Value
Downside Target	17.80
Downside Target	18.55
Downside Target	19.05
Downside Target	19.45
Downside Target	19.86
Downside Target	20.55
Downside Target	21.25
Downside Target	21.63
Upside Target	22.55
Upside Target	22.69
Upside Target	22.99
Upside Target	24.10

Intraday share price targets for S A (SALSTEEL_BE)

Target Type	Value
Downside Intraday Target	20
Downside Intraday Target	17.7
Upside Intraday Target	23.64
Upside Intraday Target	24.98
Downside Intraday Target	21.34

Weekly technical analysis of S A (SALSTEEL_BE)

Date	Weekly Closing Price	Open	High	Low	Volume
23 Fri Aug 2024	22.29	19.45	22.69	19.05	2.097 times
16 Fri Aug 2024	19.17	20.55	20.55	18.56	1.653 times
09 Fri Aug 2024	20.15	20.76	20.76	19.86	0.701 times
02 Fri Aug 2024	21.19	20.05	21.63	20.05	2.155 times
26 Fri Jul 2024	20.00	20.00	20.00	19.45	0.9 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 S A (SALSTEEL_BE)

Date	Monthly Closing Price	Open	High	Low	Volume
23 Fri Aug 2024	22.29	21.63	22.69	18.56	0.801 times
31 Wed Jul 2024	21.21	21.05	24.10	19.45	1.168 times
28 Fri Jun 2024	20.11	19.05	22.99	18.55	1.145 times
31 Fri May 2024	19.35	20.30	22.55	17.80	1.505 times

Scroll below to view daily charts

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 S A (SALSTEEL_BE)

Price action analysis of S A ( (SALSTEEL_BE) ) 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 S A ( (SALSTEEL_BE) ) based on a short to mid 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 S A ( (SALSTEEL_BE) ) 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 S A stock for short term is BUY. Signal strength is Strong and stock is gaining momentum.

MACD generated a BUY signal for S A 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.

S A Stock is trading near its recent HIGHS, which reflects strong buying momentum in short term! 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 S A 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

Stock of S A is picking up buying momentum according to indicator.

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 20.45 and S A (SALSTEEL_BE) 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 S A (SALSTEEL_BE) stock. Volume based technical analysis of S A (SALSTEEL_BE) stock is negative.

S A 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.