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

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

10 day averaged volume of Steel Exchange is 169991

Date Daily Closing Price Open High Low Volume
28 Mon Mar 2022 233.95 239.40 239.40 230.50 2.373 times
25 Fri Mar 2022 234.70 227.00 239.95 227.00 0.566 times
24 Thu Mar 2022 229.15 229.00 235.00 221.00 2.145 times
23 Wed Mar 2022 229.90 233.00 240.00 228.75 0.261 times
22 Tue Mar 2022 232.20 239.80 239.80 228.65 0.386 times
21 Mon Mar 2022 239.15 249.00 249.00 237.50 0.469 times
17 Thu Mar 2022 249.70 250.85 251.00 244.00 0.981 times
16 Wed Mar 2022 247.10 257.90 257.90 241.00 0.635 times
15 Tue Mar 2022 253.50 254.55 255.05 248.20 0.559 times
14 Mon Mar 2022 254.55 252.00 256.00 246.00 1.741 times

Stock of Steel Exchange (STEELXIND_BE) has showed a significant fall. This could be a good time to exit from this stock.

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 232.2 as stoploss in an intra day buy trade for a target of 240.02. However, stock will show a bearish move below 232.2.

Share price targets for Steel Exchange (STEELXIND_BE)

Target Type Value
Downside Target 24.35
Downside Target 27.50
Downside Target 29.50
Downside Target 31.35
Downside Target 186.25
Downside Target 212.35
Downside Target 221.00
Upside Target 239.40
Upside Target 247.10
Upside Target 249.00
Upside Target 253.00
Upside Target 257.90
Upside Target 262.60

Intraday share price targets for Steel Exchange (STEELXIND_BE)

Target Type Value
Downside Intraday Target 229.83
Downside Intraday Target 225.72
Upside Intraday Target 238.73
Upside Intraday Target 243.52
Upside Intraday Target 234.62

Weekly technical analysis of Steel Exchange (STEELXIND_BE)

Date Weekly Closing Price Open High Low Volume
28 Mon Mar 2022 233.95 239.40 239.40 230.50 0.62 times
25 Fri Mar 2022 234.70 249.00 249.00 221.00 0.977 times
17 Thu Mar 2022 249.70 252.00 257.90 241.00 0.623 times
11 Fri Mar 2022 248.45 234.10 253.00 228.00 1.205 times
04 Fri Mar 2022 239.30 234.80 242.90 225.00 0.5 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_BE)

Date Monthly Closing Price Open High Low Volume
28 Mon Mar 2022 233.95 231.80 257.90 221.00 0.483 times
28 Mon Feb 2022 236.70 236.85 247.10 212.35 0.485 times
31 Mon Jan 2022 232.60 197.55 262.60 186.25 11.629 times
17 Mon Aug 2020 30.40 28.00 31.35 27.50 0.456 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 Exchange (STEELXIND_BE)

Price action analysis of Steel Exchange ( (STEELXIND_BE) ) based on a short 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 Exchange ( (STEELXIND_BE) ) 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 Exchange ( (STEELXIND_BE) ) 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_BE) ) 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 Exchange stock for short term is SELL. Signal strength is Strong and stock is losing momentum.

MACD generated a SELL signal for Steel Exchange in short term but the sell 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 green color and prices are above the green cloud Prices appear to be coming down

CCI has generated a buy signal for Steel Exchange 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 negative zone. This is the SELL zone

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

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 240.02 and Steel Exchange (STEELXIND_BE) 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_BE) stock. Volume based technical analysis of Steel Exchange (STEELXIND_BE) stock is negative.

Steel Exchange 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.

Price action analysis of Steel Exchange ( (STEELXIND_BE) ) based on a short 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 Exchange ( (STEELXIND_BE) ) 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 Exchange ( (STEELXIND_BE) ) 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_BE) ) 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 Exchange stock for short term is SELL. Signal strength is Strong and stock is losing momentum.

MACD generated a SELL signal for Steel Exchange in short term but the sell 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 green color and prices are above the green cloud Prices appear to be coming down

CCI has generated a buy signal for Steel Exchange 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 negative zone. This is the SELL zone

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

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 240.02 and Steel Exchange (STEELXIND_BE) 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_BE) stock. Volume based technical analysis of Steel Exchange (STEELXIND_BE) stock is negative.

Steel Exchange 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.

Click here for Steel Exchange charts

Click here for further forecast and predictions for tomorrow

Daily charts

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Daily chart
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