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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 2024-06-12 View latest technical analysis

10 day averaged volume of Steel City is 41001

Date	Daily Closing Price	Open	High	Low	Volume
12 Wed Jun 2024	101.20	90.00	106.80	90.00	14.099 times
11 Tue Jun 2024	89.40	89.30	90.50	89.20	0.439 times
10 Mon Jun 2024	89.27	90.35	91.20	88.15	0.894 times
07 Fri Jun 2024	90.45	90.80	92.80	89.15	1.176 times
06 Thu Jun 2024	89.20	85.00	90.40	83.95	1.717 times
05 Wed Jun 2024	84.30	83.05	86.00	80.45	0.552 times
04 Tue Jun 2024	83.05	90.15	90.95	80.00	1.774 times
03 Mon Jun 2024	90.15	94.80	94.80	89.95	0.854 times
31 Fri May 2024	90.15	92.05	93.95	89.65	1.413 times
30 Thu May 2024	92.80	93.60	93.60	92.25	0.341 times

Stock of Steel City (STEELCITY) has showed a significant upmove. This could be a good time to enter in this stock!

My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 99, but if it comes below 99, then a intra day sell could be more profitable.
If you take a sell trade below 99, then use 99 as stoploss and 93.6 as target. However if you take a buy trade in stock , then use 99 as stoploss and 105.4 as target.

Share price targets for Steel City (STEELCITY)

Target Type	Value
Downside Target	68.05
Downside Target	73.15
Downside Target	75.35
Downside Target	80.00
Downside Target	88.15
Downside Target	94.00
Downside Target	97.05
Upside Target	101.95
Upside Target	105.80
Upside Target	106.80
Upside Target	108.80
Upside Target	109.70

Intraday share price targets for Steel City (STEELCITY)

Target Type	Value
Downside Intraday Target	90.63
Downside Intraday Target	80.07
Upside Intraday Target	109.28
Upside Intraday Target	117.37
Downside Intraday Target	98.72

Weekly technical analysis of Steel City (STEELCITY)

Date	Weekly Closing Price	Open	High	Low	Volume
12 Wed Jun 2024	101.20	90.35	106.80	88.15	2.541 times
07 Fri Jun 2024	90.45	94.80	94.80	80.00	1.392 times
31 Fri May 2024	90.15	98.35	98.35	89.65	0.635 times
24 Fri May 2024	96.50	100.95	101.95	94.00	0.567 times
18 Sat May 2024	99.50	99.10	108.80	97.05	0.719 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 Steel City (STEELCITY)

Date	Monthly Closing Price	Open	High	Low	Volume
12 Wed Jun 2024	101.20	94.80	106.80	80.00	0.43 times
31 Fri May 2024	90.15	95.00	109.70	89.65	0.54 times
30 Tue Apr 2024	95.70	74.25	105.80	73.15	8.45 times
28 Thu Mar 2024	74.25	80.95	81.50	68.05	0.169 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 Steel City (STEELCITY)

Price action analysis of Steel City ( (STEELCITY) ) 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 Steel City ( (STEELCITY) ) based on a short 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 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 BUY. Signal strength is Strong and stock is gaining momentum.

MACD generated a BUY signal for Steel City 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.

Steel City Stock in short term is moving inside a range for now. Please check in a day or two to for a better buy sell signal. Bulls are getting stronger in this stock.

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

CCI has generated a buy signal for Steel City 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 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 96.1 and Steel City (STEELCITY) 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 Steel City (STEELCITY) stock. Volume based technical analysis of Steel City (STEELCITY) stock is negative.

Steel City 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.