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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 2024-08-06 View latest technical analysis

10 day averaged volume of Steel City is 45819

Date	Daily Closing Price	Open	High	Low	Volume
06 Tue Aug 2024	87.34	88.75	92.81	85.65	0.9 times
05 Mon Aug 2024	88.79	92.20	92.24	87.41	0.99 times
02 Fri Aug 2024	92.89	93.00	94.00	91.07	0.422 times
01 Thu Aug 2024	94.11	98.00	98.15	93.12	0.761 times
31 Wed Jul 2024	96.33	92.98	97.86	92.01	3.599 times
30 Tue Jul 2024	91.96	90.49	93.50	89.32	1.333 times
29 Mon Jul 2024	89.45	91.45	91.45	89.00	0.56 times
26 Fri Jul 2024	87.96	88.16	89.98	87.71	0.62 times
25 Thu Jul 2024	88.28	88.89	89.75	87.00	0.646 times
24 Wed Jul 2024	87.83	89.49	89.49	87.00	0.484 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 87.5, but if it comes above 87.5, then a intra day buy could be more profitable.
If you take a sell trade below 87.5, then use 87.5 as stoploss and 84.4 as target. However if you take a buy trade in stock , then use 87.5 as stoploss and 90.08 as target.

Share price targets for Steel City (STEELCITY)

Target Type	Value
Downside Target	73.15
Downside Target	80.00
Downside Target	85.09
Upside Target	89.00
Upside Target	92.81
Upside Target	95.59
Upside Target	97.86
Upside Target	98.15
Upside Target	105.80
Upside Target	106.80
Upside Target	109.70

Intraday share price targets for Steel City (STEELCITY)

Target Type	Value
Downside Intraday Target	84.39
Downside Intraday Target	81.44
Upside Intraday Target	91.55
Upside Intraday Target	95.76
Upside Intraday Target	88.6

Weekly technical analysis of Steel City (STEELCITY)

Date	Weekly Closing Price	Open	High	Low	Volume
06 Tue Aug 2024	87.34	92.20	92.81	85.65	0.283 times
02 Fri Aug 2024	92.89	91.45	98.15	89.00	2.156 times
26 Fri Jul 2024	87.96	88.40	89.98	85.09	1.251 times
19 Fri Jul 2024	86.54	90.00	91.59	86.00	0.55 times
12 Fri Jul 2024	89.95	91.69	95.59	89.00	1.14 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
06 Tue Aug 2024	87.34	98.00	98.15	85.65	0.158 times
31 Wed Jul 2024	96.33	91.65	97.86	85.09	0.655 times
28 Fri Jun 2024	91.71	94.80	106.80	80.00	0.666 times
31 Fri May 2024	90.15	95.00	109.70	89.65	0.54 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 negative, but sellers have recently become active on the stock. This cannot be called a strong downtrend, specially if selected time duration is small

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

Price action analysis of Steel City ( (STEELCITY) ) based on a mid to longer 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.

ADX buy sell signal for Steel City stock for short term is SELL. Signal strength is Weak and stock is gaining momentum.

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

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. 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 SELL signal for Steel City 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

Although the stock is in the SELL zone, but selling might be slowing down

Stock of Steel City is picking up selling momentum according to indicator.

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 92.17 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 negative.

Force Index is moving in a negative zone, which indicates selling momentum for short term... Selling momentum is getting weaker.