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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 2024-03-20 View latest technical analysis

10 day averaged volume of S A is 76800

Date	Daily Closing Price	Open	High	Low	Volume
20 Wed Mar 2024	17.95	18.60	18.60	17.80	0.993 times
19 Tue Mar 2024	18.70	19.95	20.25	18.50	3.144 times
18 Mon Mar 2024	19.45	18.10	19.45	17.65	2.249 times
15 Fri Mar 2024	18.55	18.35	18.55	18.35	1.346 times
14 Thu Mar 2024	18.70	18.70	18.70	18.70	0.285 times
13 Wed Mar 2024	19.05	19.05	19.05	19.05	0.11 times
12 Tue Mar 2024	19.40	19.40	19.40	19.40	0.154 times
11 Mon Mar 2024	19.80	19.80	19.80	19.80	0.3 times
07 Thu Mar 2024	20.20	20.20	20.20	20.20	1.812 times
06 Wed Mar 2024	20.60	20.60	20.60	20.60	0.154 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 19, but if it comes above 19, then a intra day buy could be more profitable.
If you take a sell trade below 19, then use 19 as stoploss and 16.4 as target. However if you take a buy trade in stock , then use 19 as stoploss and 21.09 as target.

Share price targets for S A (SALSTEEL_BE)

Target Type	Value
Downside Target	15.75
Downside Target	16.40
Downside Target	17.65
Upside Target	18.35
Upside Target	19.80
Upside Target	20.20
Upside Target	21.40
Upside Target	22.25
Upside Target	22.70
Upside Target	24.05
Upside Target	24.50
Upside Target	26.40
Upside Target	26.50
Upside Target	26.70
Upside Target	30.45

Intraday share price targets for S A (SALSTEEL_BE)

Target Type	Value
Downside Intraday Target	16.98
Downside Intraday Target	16.02
Upside Intraday Target	19.58
Upside Intraday Target	21.22
Upside Intraday Target	18.62

Weekly technical analysis of S A (SALSTEEL_BE)

Date	Weekly Closing Price	Open	High	Low	Volume
20 Wed Mar 2024	17.95	18.10	20.25	17.65	2.909 times
15 Fri Mar 2024	18.55	19.80	19.80	18.35	0.811 times
07 Thu Mar 2024	20.20	21.40	21.40	20.20	1.488 times
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

Price has moved down 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
20 Wed Mar 2024	17.95	22.25	22.25	17.65	0.381 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 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 S A ( (SALSTEEL_BE) ) based on a short to mid 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 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 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 S A is picking up selling momentum according to indicator.

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 19.1 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.