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

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

Showing technical analysis as on 2024-03-01 View latest technical analysis

10 day averaged volume of Steel City is 32860

Date	Daily Closing Price	Open	High	Low	Volume
01 Fri Mar 2024	78.80	80.95	80.95	78.10	0.364 times
29 Thu Feb 2024	80.25	76.40	80.90	76.10	0.921 times
28 Wed Feb 2024	77.50	80.80	81.15	77.20	0.827 times
27 Tue Feb 2024	79.75	81.90	81.90	79.30	0.817 times
26 Mon Feb 2024	80.95	84.80	84.80	80.40	1.502 times
23 Fri Feb 2024	83.25	81.70	83.85	80.80	1.983 times
22 Thu Feb 2024	80.90	80.80	82.25	80.05	0.397 times
21 Wed Feb 2024	80.25	82.45	82.45	79.25	0.837 times
20 Tue Feb 2024	81.55	81.60	83.00	80.00	1.373 times
19 Mon Feb 2024	80.75	82.35	82.40	80.10	0.564 times

My analysis of stock is bearish for shortterm, but stock is semi over sold and there are some chances of seeing a recovery tomorrow. Use 78.5 as stoploss in an intra day buy trade for a target of 81.17. However, stock will show a bearish move below 78.5.

Share price targets for Steel City (STEELCITY)

Target Type	Value
Downside Target	63.25
Downside Target	65.30
Downside Target	69.25
Downside Target	72.00
Downside Target	75.35
Upside Target	80.95
Upside Target	83.85
Upside Target	84.80
Upside Target	85.55
Upside Target	87.75
Upside Target	94.70

Intraday share price targets for Steel City (STEELCITY)

Target Type	Value
Downside Intraday Target	75
Downside Intraday Target	71.2
Upside Intraday Target	83.7
Upside Intraday Target	88.6
Upside Intraday Target	79.9

Weekly technical analysis of Steel City (STEELCITY)

Date	Weekly Closing Price	Open	High	Low	Volume
01 Fri Mar 2024	78.80	84.80	84.80	76.10	0.86 times
23 Fri Feb 2024	83.25	82.35	83.85	79.25	0.574 times
16 Fri Feb 2024	81.05	86.00	87.75	77.10	0.149 times
09 Fri Feb 2024	85.10	78.90	94.70	75.35	8.795 times
02 Fri Feb 2024	78.35	79.00	80.95	77.05	1.792 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 Steel City (STEELCITY)

Date	Monthly Closing Price	Open	High	Low	Volume
01 Fri Mar 2024	78.80	80.95	80.95	78.10	0.004 times
29 Thu Feb 2024	80.25	80.20	94.70	75.35	1.476 times
31 Wed Jan 2024	78.90	75.00	85.55	72.00	1.007 times
29 Fri Dec 2023	73.15	67.90	79.90	65.30	3.88 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 Steel City (STEELCITY)

Price action analysis of Steel City ( (STEELCITY) ) 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 City ( (STEELCITY) ) based on a short to mid term time period is positive, but trend is highly volatile. A longer time period analysis might give a better idea of the trend.

Price action analysis of Steel City ( (STEELCITY) ) 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 Steel City stock for short term is SELL. Signal strength is Weak and stock is losing momentum.

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

Steel City 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 red color and prices are below the red cloud Prices appear to be coming down

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

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 City is picking up buying momentum according to indicator.

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 80.89 and Steel City (STEELCITY) 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 City (STEELCITY) stock. Volume based technical analysis of Steel City (STEELCITY) stock is negative.

Steel City 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.