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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)

Showing technical analysis as on 2024-01-10 View latest technical analysis

10 day averaged volume of Zenith Steel is 185489

Date	Daily Closing Price	Open	High	Low	Volume
10 Wed Jan 2024	6.75	6.85	6.85	6.75	0.454 times
09 Tue Jan 2024	6.85	6.85	6.85	6.85	0.513 times
08 Mon Jan 2024	6.95	7.10	7.10	6.95	0.657 times
05 Fri Jan 2024	7.10	7.10	7.10	7.10	0.475 times
04 Thu Jan 2024	7.25	7.25	7.25	7.25	0.493 times
03 Wed Jan 2024	7.40	7.40	7.40	7.40	0.292 times
02 Tue Jan 2024	7.55	7.55	7.55	7.55	1.076 times
01 Mon Jan 2024	7.70	7.70	7.70	7.70	0.679 times
29 Fri Dec 2023	7.85	7.70	7.85	7.65	3.666 times
28 Thu Dec 2023	7.50	7.50	7.50	7.50	0.743 times

My analysis of stock is bearish for shortterm, and stock might move down till 6.1 or till 5.3. Use a stoploss of 6.78 and if the stock hits stoploss, then it can shoot up till 7.44

Share price targets for Zenith Steel (ZENITHSTL_BE)

Target Type	Value
Downside Target	3.85
Downside Target	4.10
Downside Target	4.95
Downside Target	5.40
Downside Target	5.55
Downside Target	5.75
Downside Target	6.00
Downside Target	6.55
Downside Target	6.75
Upside Target	6.90
Upside Target	7.10
Upside Target	7.70
Upside Target	7.85

Intraday share price targets for Zenith Steel (ZENITHSTL_BE)

Target Type	Value
Downside Intraday Target	6.63
Downside Intraday Target	6.52
Upside Intraday Target	6.98
Upside Intraday Target	7.22
Upside Intraday Target	6.87

Weekly technical analysis of Zenith Steel (ZENITHSTL_BE)

Date	Weekly Closing Price	Open	High	Low	Volume
10 Wed Jan 2024	6.75	7.10	7.10	6.75	0.539 times
05 Fri Jan 2024	7.10	7.70	7.70	7.10	0.399 times
29 Fri Dec 2023	7.85	6.85	7.85	6.55	0.651 times
22 Fri Dec 2023	6.55	6.00	6.60	6.00	3.769 times
15 Fri Dec 2023	5.75	5.55	5.75	5.55	2.175 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_BE)

Date	Monthly Closing Price	Open	High	Low	Volume
10 Wed Jan 2024	6.75	7.70	7.70	6.75	0.195 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
31 Tue Oct 2023	5.95	6.90	6.90	4.95	4.929 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_BE)

Price action analysis of Zenith Steel ( (ZENITHSTL_BE) ) 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_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 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 Weak 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 is trading near its recent LOWS in short term which reflects strong selling momentum. Bears are getting stronger in this stock.

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

CCI has generated a SELL signal for Zenith Steel in short term and SELL 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

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 7.51 and Zenith Steel (ZENITHSTL_BE) 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_BE) stock. Volume based technical analysis of Zenith Steel (ZENITHSTL_BE) stock is negative.

Zenith Steel Stock has given negative 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.