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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 404904

Date Daily Closing Price Open High Low Volume
16 Fri Feb 2024 8.35 8.35 8.45 7.85 1.891 times
15 Thu Feb 2024 8.10 8.10 8.10 7.80 0.978 times
14 Wed Feb 2024 7.75 7.40 7.75 7.05 1.033 times
13 Tue Feb 2024 7.40 7.80 7.95 7.40 0.387 times
12 Mon Feb 2024 7.75 8.40 8.40 7.65 0.824 times
09 Fri Feb 2024 8.00 8.20 8.20 7.50 1.049 times
08 Thu Feb 2024 7.90 8.60 8.60 7.80 3.194 times
07 Wed Feb 2024 8.20 8.20 8.20 7.95 1.538 times
06 Tue Feb 2024 7.85 7.85 7.85 7.85 0.366 times
05 Mon Feb 2024 7.50 7.50 7.50 7.50 0.377 times

My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 7.9, but if it comes below 7.9, then a intra day sell could be more profitable.
If you take a sell trade below 7.9, then use 7.9 as stoploss and 7.35 as target. However if you take a buy trade in stock , then use 7.9 as stoploss and 8.6 as target.

Share price targets for Zenith Steel (ZENITHSTL_BE)

Target Type Value
Downside Target 4.95
Downside Target 5.40
Downside Target 5.55
Downside Target 6.45
Downside Target 6.75
Downside Target 7.20
Downside Target 7.50
Downside Target 7.70
Downside Target 7.85
Upside Target 8.45
Upside Target 8.60

Intraday share price targets for Zenith Steel (ZENITHSTL_BE)

Target Type Value
Downside Intraday Target 7.45
Downside Intraday Target 6.55
Upside Intraday Target 8.85
Upside Intraday Target 9.35
Downside Intraday Target 7.95

Weekly technical analysis of Zenith Steel (ZENITHSTL_BE)

Date Weekly Closing Price Open High Low Volume
16 Fri Feb 2024 8.35 8.40 8.45 7.05 0.784 times
09 Fri Feb 2024 8.00 7.50 8.60 7.50 3.164 times
02 Fri Feb 2024 7.15 6.75 7.15 6.75 2.209 times
25 Thu Jan 2024 6.65 6.80 6.85 6.45 0.98 times
19 Fri Jan 2024 6.85 6.75 7.00 6.75 0.7 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_BE)

Date Monthly Closing Price Open High Low Volume
16 Fri Feb 2024 8.35 7.00 8.60 7.00 1.934 times
31 Wed Jan 2024 6.95 7.70 7.70 6.45 0.573 times
29 Fri Dec 2023 7.85 6.15 7.85 5.55 1.223 times
30 Thu Nov 2023 6.25 6.05 7.20 5.40 0.748 times

Scroll below to view daily charts

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

Indicators analysis of Zenith Steel (ZENITHSTL_BE)

Price action analysis of Zenith Steel ( (ZENITHSTL_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 Zenith Steel ( (ZENITHSTL_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 Zenith Steel ( (ZENITHSTL_BE) ) based on a short to mid term time period is neutral. A longer time frame might give a better analysis.

Price action analysis of Zenith Steel ( (ZENITHSTL_BE) ) based on a mid to longer term time period is positive, but buyers have become active on the stock recently. This cannot be a definite uptrend, specially if selected time duration is small.

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 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 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 stronger in this stock.

Ichimoku cloud is of green color and prices are above 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 and the buying is gaining momentum.

MRSI is in positive zone. This is a BUY zone

Although the stock is in the BUY zone, but buying 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 7.98 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.

Price action analysis of Zenith Steel ( (ZENITHSTL_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 Zenith Steel ( (ZENITHSTL_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 Zenith Steel ( (ZENITHSTL_BE) ) based on a short to mid term time period is neutral. A longer time frame might give a better analysis.

Price action analysis of Zenith Steel ( (ZENITHSTL_BE) ) based on a mid to longer term time period is positive, but buyers have become active on the stock recently. This cannot be a definite uptrend, specially if selected time duration is small.

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 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 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 stronger in this stock.

Ichimoku cloud is of green color and prices are above 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 and the buying is gaining momentum.

MRSI is in positive zone. This is a BUY zone

Although the stock is in the BUY zone, but buying 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 7.98 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.

Click here for Zenith Steel charts

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Daily charts

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