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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)

Showing technical analysis as on 2024-03-02 View latest technical analysis

10 day averaged volume of S A is 22717

Date	Daily Closing Price	Open	High	Low	Volume
02 Sat Mar 2024	21.80	22.25	22.25	21.80	0.872 times
01 Fri Mar 2024	22.25	22.25	22.25	22.25	1.196 times
29 Thu Feb 2024	22.70	22.70	22.70	22.70	0.34 times
28 Wed Feb 2024	23.15	23.15	23.15	23.15	1.458 times
27 Tue Feb 2024	23.60	23.60	23.60	23.60	0.869 times
26 Mon Feb 2024	24.05	24.05	24.05	24.05	1.414 times
23 Fri Feb 2024	24.50	24.50	24.50	24.50	1.248 times
22 Thu Feb 2024	25.00	25.00	25.00	25.00	0.777 times
21 Wed Feb 2024	25.50	25.50	25.50	25.50	1.099 times
20 Tue Feb 2024	26.00	26.00	26.00	26.00	0.587 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 23.5, but if it comes above 23.5, then a intra day buy could be more profitable.
If you take a sell trade below 23.5, then use 23.5 as stoploss and 20.4 as target. However if you take a buy trade in stock , then use 23.5 as stoploss and 26.14 as target.

Share price targets for S A (SALSTEEL_BE)

Target Type	Value
Downside Target	15.75
Downside Target	16.40
Downside Target	21.80
Upside Target	22.25
Upside Target	22.70
Upside Target	24.00
Upside Target	25.45
Upside Target	26.40
Upside Target	26.50
Upside Target	26.70
Upside Target	27.05
Upside Target	29.25
Upside Target	30.45

Intraday share price targets for S A (SALSTEEL_BE)

Target Type	Value
Downside Intraday Target	21.05
Downside Intraday Target	20.3
Upside Intraday Target	23.3
Upside Intraday Target	24.8
Upside Intraday Target	22.55

Weekly technical analysis of S A (SALSTEEL_BE)

Date	Weekly Closing Price	Open	High	Low	Volume
02 Sat Mar 2024	21.80	24.05	24.05	21.80	1.302 times
23 Fri Feb 2024	24.50	26.50	26.50	24.50	1.269 times
16 Fri Feb 2024	27.05	29.25	29.25	27.05	0.049 times
09 Fri Feb 2024	29.85	25.45	30.45	25.45	1.621 times
02 Fri Feb 2024	25.10	25.35	25.50	24.00	2.206 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 S A (SALSTEEL_BE)

Date	Monthly Closing Price	Open	High	Low	Volume
02 Sat Mar 2024	21.80	22.25	22.25	21.80	0.02 times
29 Thu Feb 2024	22.70	25.10	30.45	22.70	0.552 times
31 Wed Jan 2024	25.10	25.30	26.40	23.10	3.467 times
29 Fri Dec 2023	24.30	25.95	26.70	23.45	3.678 times

Scroll below to view daily charts

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 S A (SALSTEEL_BE)

Price action analysis of S A ( (SALSTEEL_BE) ) based on a short term time period is neutral. A longer time frame might give a better analysis.

Price action analysis of S A ( (SALSTEEL_BE) ) based on a short to mid term time period is neutral. A longer time frame might give a better analysis.

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 SELL. Signal strength is Strong and stock is gaining momentum.

MACD generated a SELL signal for S A in short term and the sell signal is strong.

S A 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 below the red cloud Prices appear to be coming down

CCI has generated a SELL signal for S A 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 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 23.82 and S A (SALSTEEL_BE) 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 S A (SALSTEEL_BE) stock. Volume based technical analysis of S A (SALSTEEL_BE) stock is negative.

S A 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.