Daily Technical Analysis Weekly Analysis Monthly Analysis Renko chart MACD chart Bollinger Bands chart Stochastics charts Force Index charts

(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 2024-01-29 View latest technical analysis

10 day averaged volume of Zenith Steel is 93886

Date	Daily Closing Price	Open	High	Low	Volume
29 Mon Jan 2024	6.75	6.75	6.75	6.75	2.824 times
25 Thu Jan 2024	6.65	6.65	6.65	6.45	1.068 times
24 Wed Jan 2024	6.55	6.70	6.70	6.55	1.238 times
23 Tue Jan 2024	6.65	6.80	6.85	6.65	1.079 times
22 Mon Jan 2024	6.75	6.80	6.80	6.75	0.641 times
19 Fri Jan 2024	6.85	6.90	6.90	6.85	1.036 times
18 Thu Jan 2024	6.95	7.00	7.00	6.95	0.677 times
17 Wed Jan 2024	7.00	7.00	7.00	7.00	0.847 times
16 Tue Jan 2024	6.95	6.95	6.95	6.95	0.974 times
15 Mon Jan 2024	6.85	6.75	6.85	6.75	0.574 times

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

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 6.6 as stoploss in an intra day buy trade for a target of 6.95. However, stock will show a bearish move below 6.6.

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	6.45
Downside Target	6.60
Downside Target	6.75
Upside Target	7.10
Upside Target	7.20
Upside Target	7.70
Upside Target	7.85

Intraday share price targets for Zenith Steel (ZENITHSTL_BE)

Target Type	Value
Downside Intraday Target	6.75
Downside Intraday Target	6.75
Downside Intraday Target	6.75
Downside Intraday Target	6.75
Downside Intraday Target	6.75

Weekly technical analysis of Zenith Steel (ZENITHSTL_BE)

Date	Weekly Closing Price	Open	High	Low	Volume
29 Mon Jan 2024	6.75	6.75	6.75	6.75	0.701 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
12 Fri Jan 2024	6.75	7.10	7.10	6.60	0.985 times
05 Fri Jan 2024	7.10	7.70	7.70	7.10	0.399 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
29 Mon Jan 2024	6.75	7.70	7.70	6.45	0.485 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 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 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 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 but BUY signal is weak.

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 6.77 and Zenith Steel (ZENITHSTL_BE) 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_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.