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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)

Showing technical analysis as on 2024-04-02 View latest technical analysis

10 day averaged volume of Zenith Steel is 255343

Date	Daily Closing Price	Open	High	Low	Volume
02 Tue Apr 2024	7.95	8.15	8.20	7.55	2.844 times
01 Mon Apr 2024	7.85	7.80	7.85	7.50	0.166 times
28 Thu Mar 2024	7.50	7.75	8.05	7.35	1.278 times
27 Wed Mar 2024	7.70	8.20	8.20	7.50	0.932 times
26 Tue Mar 2024	7.90	8.30	8.50	7.85	0.869 times
22 Fri Mar 2024	8.25	8.20	8.25	7.75	0.973 times
21 Thu Mar 2024	7.90	7.65	7.90	7.55	0.352 times
20 Wed Mar 2024	7.55	8.10	8.15	7.55	3.031 times
19 Tue Mar 2024	7.95	7.95	7.95	7.95	0.161 times
18 Mon Mar 2024	7.60	7.50	7.60	7.30	0.516 times

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

My analysis of stock is bearish for shortterm, and stock might move down till 7.5 or till 6.7. Use a stoploss of 8.11 and if the stock hits stoploss, then it can shoot up till 8.75

Share price targets for Zenith Steel (ZENITHSTL)

Target Type	Value
Downside Target	3.90
Downside Target	4.30
Downside Target	6.60
Downside Target	7.10
Downside Target	7.30
Downside Target	7.50
Upside Target	8.10
Upside Target	8.30
Upside Target	8.50
Upside Target	9.05
Upside Target	9.85
Upside Target	10.15

Intraday share price targets for Zenith Steel (ZENITHSTL)

Target Type	Value
Downside Intraday Target	7.57
Downside Intraday Target	7.18
Upside Intraday Target	8.27
Upside Intraday Target	8.58
Downside Intraday Target	7.88

Weekly technical analysis of Zenith Steel (ZENITHSTL)

Date	Weekly Closing Price	Open	High	Low	Volume
02 Tue Apr 2024	7.95	7.80	8.20	7.50	0.978 times
28 Thu Mar 2024	7.50	8.30	8.50	7.35	0.612 times
22 Fri Mar 2024	8.25	7.50	8.25	7.30	0.72 times
15 Fri Mar 2024	7.25	8.90	9.05	7.10	0.747 times
07 Thu Mar 2024	8.90	9.80	9.85	8.10	0.341 times

Price has moved up 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 Tue Apr 2024	7.95	7.80	8.20	7.50	0.112 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
18 Wed Oct 2023	6.60	3.95	6.60	3.95	1.679 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 Zenith Steel (ZENITHSTL)

Price action analysis of Zenith Steel ( (ZENITHSTL) ) 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 Zenith Steel ( (ZENITHSTL) ) 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 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 Weak and stock is losing 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. Bears are weakening, and bulls are picking up momentum!

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

CCI has generated a buy signal for Zenith Steel in short term and BUY signal is strong.

RSI is generating a BUY signal in short term but buying is losing 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 7.77 and Zenith Steel (ZENITHSTL) 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 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.