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

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

Showing technical analysis as on 2025-01-06 View latest technical analysis

10 day averaged volume of Steel Exchange is 1110272

Date	Daily Closing Price	Open	High	Low	Volume
06 Mon Jan 2025	10.28	10.85	11.00	10.17	1.561 times
03 Fri Jan 2025	10.81	10.44	10.94	10.44	1.937 times
02 Thu Jan 2025	10.43	10.20	10.59	10.17	1.486 times
01 Wed Jan 2025	10.18	10.20	10.24	10.11	0.656 times
31 Tue Dec 2024	10.20	10.20	10.32	10.14	0.992 times
30 Mon Dec 2024	10.26	10.33	10.37	10.21	0.899 times
27 Fri Dec 2024	10.34	10.45	10.59	10.30	1.089 times
26 Thu Dec 2024	10.45	10.65	10.74	10.41	0.685 times
24 Tue Dec 2024	10.55	10.79	10.84	10.51	0.558 times
23 Mon Dec 2024	10.68	10.72	10.79	10.38	0.878 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 10.3, but if it comes above 10.3, then a intra day buy could be more profitable.
If you take a sell trade below 10.3, then use 10.3 as stoploss and 9.9 as target. However if you take a buy trade in stock , then use 10.3 as stoploss and 10.7 as target.

Share price targets for Steel Exchange (STEELXIND)

Target Type	Value
Downside Target	10.00
Upside Target	10.53
Upside Target	10.84
Upside Target	11.00
Upside Target	11.25
Upside Target	11.40
Upside Target	11.44
Upside Target	11.97
Upside Target	12.75
Upside Target	13.02
Upside Target	14.17

Intraday share price targets for Steel Exchange (STEELXIND)

Target Type	Value
Downside Intraday Target	9.97
Downside Intraday Target	9.65
Upside Intraday Target	10.8
Upside Intraday Target	11.31
Upside Intraday Target	10.48

Weekly technical analysis of Steel Exchange (STEELXIND)

Date	Weekly Closing Price	Open	High	Low	Volume
06 Mon Jan 2025	10.28	10.85	11.00	10.17	0.261 times
03 Fri Jan 2025	10.81	10.33	10.94	10.11	1.86 times
27 Fri Dec 2024	10.34	10.72	10.84	10.30	0.865 times
20 Fri Dec 2024	10.58	11.24	11.25	10.53	0.827 times
13 Fri Dec 2024	11.06	11.09	11.40	10.92	0.624 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 Exchange (STEELXIND)

Date	Monthly Closing Price	Open	High	Low	Volume
06 Mon Jan 2025	10.28	10.20	11.00	10.11	0.276 times
31 Tue Dec 2024	10.20	10.94	11.44	10.14	1.036 times
29 Fri Nov 2024	10.79	11.90	11.97	10.00	0.397 times
31 Thu Oct 2024	11.49	12.85	13.02	10.02	0.637 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 Exchange (STEELXIND)

Price action analysis of Steel Exchange ( (STEELXIND) ) 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 Exchange ( (STEELXIND) ) 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 Exchange ( (STEELXIND) ) 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 Steel Exchange ( (STEELXIND) ) 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 Exchange stock for short term is BUY. Signal strength is Weak and stock is losing momentum.

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

Steel Exchange 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 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 Steel Exchange in short term but SELL 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

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

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

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 10.44 and Steel Exchange (STEELXIND) 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 Exchange (STEELXIND) stock. Volume based technical analysis of Steel Exchange (STEELXIND) stock is negative.

Steel Exchange 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.