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

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

10 day averaged volume of Zenith Steel is 686639

Date	Daily Closing Price	Open	High	Low	Volume
02 Thu May 2024	8.05	8.40	8.75	8.05	2.503 times
30 Tue Apr 2024	8.45	8.55	8.55	8.20	0.287 times
29 Mon Apr 2024	8.40	8.30	8.75	8.25	0.873 times
26 Fri Apr 2024	8.35	8.40	8.55	8.15	1.149 times
25 Thu Apr 2024	8.15	8.25	8.45	8.05	0.467 times
24 Wed Apr 2024	8.25	8.15	8.40	8.10	0.467 times
23 Tue Apr 2024	8.15	8.20	8.30	7.95	0.74 times
22 Mon Apr 2024	7.95	8.20	8.40	7.85	1.575 times
19 Fri Apr 2024	8.00	7.65	8.00	7.55	0.532 times
18 Thu Apr 2024	7.65	7.70	7.85	7.55	1.083 times

Stock of Zenith Steel (ZENITHSTL) 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 7.9 as stoploss in an intra day buy trade for a target of 8.3. However, stock will show a bearish move below 7.9.

Share price targets for Zenith Steel (ZENITHSTL)

Target Type	Value
Downside Target	3.95
Downside Target	6.60
Downside Target	7.10
Downside Target	7.50
Downside Target	7.85
Downside Target	8.05
Upside Target	8.30
Upside Target	8.50
Upside Target	8.75
Upside Target	9.50
Upside Target	9.85
Upside Target	10.15

Intraday share price targets for Zenith Steel (ZENITHSTL)

Target Type	Value
Downside Intraday Target	7.82
Downside Intraday Target	7.58
Upside Intraday Target	8.52
Upside Intraday Target	8.98
Upside Intraday Target	8.28

Weekly technical analysis of Zenith Steel (ZENITHSTL)

Date	Weekly Closing Price	Open	High	Low	Volume
02 Thu May 2024	8.05	8.30	8.75	8.05	0.833 times
26 Fri Apr 2024	8.35	8.20	8.55	7.85	0.861 times
19 Fri Apr 2024	8.00	8.35	8.50	7.55	1.804 times
12 Fri Apr 2024	8.65	9.00	9.50	8.55	0.918 times
05 Fri Apr 2024	8.75	7.80	8.75	7.50	2.692 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 Zenith Steel (ZENITHSTL)

Date	Monthly Closing Price	Open	High	Low	Volume
02 Thu May 2024	8.05	8.40	8.75	8.05	0.151 times
30 Tue Apr 2024	8.45	7.80	9.50	7.50	1.656 times
28 Thu Mar 2024	7.50	9.45	9.85	7.10	0.585 times
29 Thu Feb 2024	9.40	8.75	10.15	8.30	2.86 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 Zenith Steel (ZENITHSTL)

Price action analysis of Zenith Steel ( (ZENITHSTL) ) 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 Zenith Steel ( (ZENITHSTL) ) 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 Zenith Steel ( (ZENITHSTL) ) 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 Zenith Steel stock for short term is BUY. Signal strength is Strong and stock is gaining momentum.

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

Zenith Steel 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 tired and bears 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 Zenith Steel 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 Zenith Steel is picking up selling momentum according to indicator.

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 8.09 and Zenith Steel (ZENITHSTL) stock is trading below this level. This means that stock is falling with high volumes. VWAP is rising upwards.

People seem to be coming out and selling the Zenith Steel (ZENITHSTL) stock. Volume based technical analysis of Zenith Steel (ZENITHSTL) stock is negative.

Zenith Steel 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.