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

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

10 day averaged volume of Zenith Steel is 74663

Date Daily Closing Price Open High Low Volume
11 Tue May 2021 1.20 1.10 1.20 1.10 1.209 times
10 Mon May 2021 1.15 1.15 1.20 1.15 2.764 times
26 Mon Apr 2021 0.80 0.75 0.85 0.75 0.574 times
23 Fri Apr 2021 0.80 0.80 0.85 0.75 1.175 times
22 Thu Apr 2021 0.80 0.75 0.80 0.75 0.812 times
20 Tue Apr 2021 0.75 0.80 0.80 0.75 0.797 times
19 Mon Apr 2021 0.75 0.80 0.85 0.75 1.086 times
16 Fri Apr 2021 0.80 0.85 0.85 0.75 0.433 times
15 Thu Apr 2021 0.80 0.80 0.85 0.75 0.541 times
13 Tue Apr 2021 0.80 0.80 0.85 0.75 0.395 times

Although my analysis for stock is bullish for shortterm, but stock is over bought and there are high chances of some profit booking tomorrow. You might want to sell the stock tomorrow in intra day with a stoploss of 1.1, for a target of 0.9 or 0.81

Share price targets for Zenith Steel (ZENITHSTL_BE)

Target Type Value
Downside Target 0.60
Downside Target 0.65
Downside Target 0.75
Downside Target 0.85
Downside Target 1.10
Downside Target 1.15
Downside Target 1.20
Upside Target 1.30
Upside Target 1.35

Intraday share price targets for Zenith Steel (ZENITHSTL_BE)

Target Type Value
Downside Intraday Target 1.13
Downside Intraday Target 1.07
Upside Intraday Target 1.23
Upside Intraday Target 1.27
Downside Intraday Target 1.17

Weekly technical analysis of Zenith Steel (ZENITHSTL_BE)

Date Weekly Closing Price Open High Low Volume
11 Tue May 2021 1.20 1.15 1.20 1.10 6.918 times
26 Mon Apr 2021 0.80 0.75 0.85 0.75 0.148 times
23 Fri Apr 2021 0.80 0.80 0.85 0.75 1.386 times
16 Fri Apr 2021 0.80 0.85 0.85 0.75 0.793 times
09 Fri Apr 2021 0.80 0.70 0.85 0.65 2.639 times

Price has moved up this week, and volume has increased substantially. This means that the move can continue in coming weeks.

Monthly technical analysis of Zenith Steel (ZENITHSTL_BE)

Date Monthly Closing Price Open High Low Volume
11 Tue May 2021 1.20 1.15 1.20 1.10 0.361 times
26 Mon Apr 2021 0.80 0.65 0.85 0.65 1.925 times
31 Wed Mar 2021 0.65 1.15 1.15 0.60 66.497 times
15 Mon Feb 2021 1.20 1.30 1.30 1.20 0.005 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_BE)

Indicator Name Indicator Value Indicator Signal
ADX 54, 8, 75 Buy
MACD 0, -0Buy
Stochastics 80Buy
CCI 167Buy
RSI 65Buy
OBV 439986Sell
VWAP 1Buy
ADL 0Sell
ROC 50Buy
Force Index 0Sell

Price action analysis of Zenith Steel ( (ZENITHSTL_BE) ) 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_BE) ) based on a short term time period is

Price action analysis of Zenith Steel ( (ZENITHSTL_BE) ) based on a short to mid 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_BE) ) based on a mid to longer term time period is

ADX buy sell signal for Zenith Steel stock for short term is BUY. Signal strength is Strong and stock is losing momentum.

MACD generated a BUY signal for Zenith Steel in short term and the buy 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 HIGHS, which reflects strong buying momentum in short term! Bulls are getting stronger in this stock.

Ichimoku cloud is of red color and prices are in or above the red 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 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 0.94 and Zenith Steel (ZENITHSTL_BE) 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_BE) stock. Volume based technical analysis of Zenith Steel (ZENITHSTL_BE) 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.

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Daily charts

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