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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 2025-01-30 View latest technical analysis

10 day averaged volume of Zenith Steel is 266401

Date	Daily Closing Price	Open	High	Low	Volume
30 Thu Jan 2025	7.02	7.06	7.09	6.80	0.761 times
29 Wed Jan 2025	6.94	7.08	7.12	6.45	1.182 times
28 Tue Jan 2025	6.79	6.93	7.10	6.58	0.9 times
27 Mon Jan 2025	6.93	7.21	7.35	6.86	0.45 times
24 Fri Jan 2025	7.21	7.51	7.66	7.08	0.391 times
23 Thu Jan 2025	7.36	7.64	7.64	7.32	0.451 times
22 Wed Jan 2025	7.46	7.46	7.49	7.23	0.568 times
21 Tue Jan 2025	7.28	7.25	7.47	7.10	0.837 times
20 Mon Jan 2025	7.25	7.70	7.85	7.18	3.224 times
17 Fri Jan 2025	7.55	7.73	8.05	7.51	1.216 times

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 as stoploss in an intra day buy trade for a target of 7.53. However, stock will show a bearish move below 7.

Share price targets for Zenith Steel (ZENITHSTL)

Target Type	Value
Downside Target	6.45
Downside Target	6.74
Upside Target	7.08
Upside Target	7.25
Upside Target	7.76
Upside Target	8.05
Upside Target	8.75
Upside Target	8.84
Upside Target	9.28
Upside Target	12.13
Upside Target	12.33
Upside Target	14.02

Intraday share price targets for Zenith Steel (ZENITHSTL)

Target Type	Value
Downside Intraday Target	6.53
Downside Intraday Target	6.04
Upside Intraday Target	7.43
Upside Intraday Target	7.84
Downside Intraday Target	6.94

Weekly technical analysis of Zenith Steel (ZENITHSTL)

Date	Weekly Closing Price	Open	High	Low	Volume
30 Thu Jan 2025	7.02	7.21	7.35	6.45	0.602 times
24 Fri Jan 2025	7.21	7.70	7.85	7.08	0.911 times
17 Fri Jan 2025	7.55	7.44	8.05	6.74	1.307 times
10 Fri Jan 2025	7.48	9.28	9.28	7.48	3.766 times
03 Fri Jan 2025	8.84	8.19	8.84	7.76	0.107 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
30 Thu Jan 2025	7.02	7.95	9.28	6.45	74.509 times
31 Tue Dec 2024	8.04	8.19	8.19	7.76	0.024 times
03 Wed Jul 2024	14.02	12.60	14.02	12.33	0.191 times
28 Fri Jun 2024	12.13	8.20	12.13	7.10	2.294 times

Scroll below to view daily charts

Price has moved down this month, and volume has increased substantially. This means that the move can 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 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 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 Zenith Steel stock for short term is SELL. Signal strength is Strong and stock is gaining momentum.

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

MACD line is moving upwards which means that SELL signal is weakening, and buying is picking up momentum.

Zenith Steel Stock is trading near its recent LOWS in short term which reflects strong selling momentum. 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 moving up

CCI has generated a buy signal for Zenith Steel in short term but BUY signal is weak.

RSI is generating a SELL signal in short term and selling is picking up momentum.

MRSI is in positive zone. This is a BUY zone

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

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 7.19 and Zenith Steel (ZENITHSTL) 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 Zenith Steel (ZENITHSTL) stock. Volume based technical analysis of Zenith Steel (ZENITHSTL) stock is negative.

Zenith Steel 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.