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(STEELCAS) Steelcast complete technical analysis [charts+indicators] | Buy/Sell Steelcast | (STEELCAS) share price targets

Complete technical analysis of Steelcast (STEELCAS) by charts plus indicators, forecast predictions and share price targets for Steelcast (STEELCAS)

10 day averaged volume of Steelcast is 57187

Date	Daily Closing Price	Open	High	Low	Volume
02 Fri Jun 2023	488.40	487.60	505.00	485.00	0.902 times
01 Thu Jun 2023	487.65	496.95	496.95	484.95	0.378 times
31 Wed May 2023	490.25	506.00	506.00	481.00	1.463 times
30 Tue May 2023	499.05	509.95	509.95	494.15	0.401 times
29 Mon May 2023	502.40	520.00	520.00	496.00	0.54 times
26 Fri May 2023	501.95	502.95	509.80	500.00	0.572 times
25 Thu May 2023	497.95	525.75	525.75	491.60	2.265 times
24 Wed May 2023	533.75	498.00	546.95	482.90	2.664 times
23 Tue May 2023	477.05	520.20	524.80	467.60	1.277 times
22 Mon May 2023	515.00	509.85	523.40	504.05	0.259 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 492.9, but if it comes above 492.9, then a intra day buy could be more profitable.
If you take a sell trade below 492.9, then use 492.9 as stoploss and 477.7 as target. However if you take a buy trade in stock , then use 492.9 as stoploss and 505.53 as target.

Share price targets for Steelcast (STEELCAS)

Target Type	Value
Downside Target	437.95
Downside Target	456.05
Downside Target	481.00
Upside Target	498.70
Upside Target	518.00
Upside Target	520.00
Upside Target	529.00
Upside Target	546.70
Upside Target	546.95
Upside Target	559.95

Intraday share price targets for Steelcast (STEELCAS)

Target Type	Value
Downside Intraday Target	472.93
Downside Intraday Target	457.47
Upside Intraday Target	511.93
Upside Intraday Target	535.47
Upside Intraday Target	496.47

Weekly technical analysis of Steelcast (STEELCAS)

Date	Weekly Closing Price	Open	High	Low	Volume
02 Fri Jun 2023	488.40	520.00	520.00	481.00	0.524 times
26 Fri May 2023	501.95	509.85	546.95	467.60	2.88 times
19 Fri May 2023	509.85	527.00	546.70	501.20	2.098 times
12 Fri May 2023	518.90	504.60	529.00	498.70	0.761 times
05 Fri May 2023	507.95	507.10	529.00	502.00	0.366 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 Steelcast (STEELCAS)

Date	Monthly Closing Price	Open	High	Low	Volume
02 Fri Jun 2023	488.40	496.95	505.00	484.95	0.088 times
31 Wed May 2023	490.25	507.10	546.95	467.60	2.742 times
28 Fri Apr 2023	509.40	457.25	518.00	456.05	0.784 times
31 Fri Mar 2023	456.40	486.05	511.25	437.95	0.626 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 Steelcast (STEELCAS)

Price action analysis of Steelcast ( (STEELCAS) ) 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 Steelcast ( (STEELCAS) ) 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 Steelcast ( (STEELCAS) ) 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 Steelcast stock for short term is BUY. Signal strength is Weak and stock is gaining momentum.

MACD generated a SELL signal for Steelcast in short term but the sell signal is initial and weak.

Steelcast Stock is trading near its recent LOWS in short term which reflects strong selling momentum. Bears are getting stronger in this stock.

Ichimoku cloud is of green color and prices are in or below the green cloud Prices appear to be moving up

CCI has generated a buy signal for Steelcast in short term but BUY signal is weak.

RSI is generating a SELL signal in short term and selling is picking up momentum.

MRSI is in negative zone. This is the SELL zone

Stock of Steelcast is picking up buying momentum according to indicator.

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 503.03 and Steelcast (STEELCAS) 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 Steelcast (STEELCAS) stock. Volume based technical analysis of Steelcast (STEELCAS) stock is negative.

Steelcast 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.