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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 2024-02-12 View latest technical analysis

10 day averaged volume of Zenith Steel is 347581

Date	Daily Closing Price	Open	High	Low	Volume
12 Mon Feb 2024	7.75	8.40	8.40	7.65	0.96 times
09 Fri Feb 2024	8.00	8.20	8.20	7.50	1.221 times
08 Thu Feb 2024	7.90	8.60	8.60	7.80	3.72 times
07 Wed Feb 2024	8.20	8.20	8.20	7.95	1.791 times
06 Tue Feb 2024	7.85	7.85	7.85	7.85	0.426 times
05 Mon Feb 2024	7.50	7.50	7.50	7.50	0.439 times
02 Fri Feb 2024	7.15	7.15	7.15	7.15	0.298 times
01 Thu Feb 2024	7.05	7.00	7.05	7.00	0.22 times
31 Wed Jan 2024	6.95	6.95	6.95	6.95	0.32 times
30 Tue Jan 2024	6.85	6.85	6.85	6.85	0.801 times

My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 7.7, but if it comes below 7.7, then a intra day sell could be more profitable.
If you take a sell trade below 7.7, then use 7.7 as stoploss and 7.16 as target. However if you take a buy trade in stock , then use 7.7 as stoploss and 8.3 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	7.15
Downside Target	7.50
Downside Target	7.65
Downside Target	7.70
Upside Target	7.85
Upside Target	8.40
Upside Target	8.60

Intraday share price targets for Zenith Steel (ZENITHSTL_BE)

Target Type	Value
Downside Intraday Target	7.47
Downside Intraday Target	7.18
Upside Intraday Target	8.22
Upside Intraday Target	8.68
Upside Intraday Target	7.93

Weekly technical analysis of Zenith Steel (ZENITHSTL_BE)

Date	Weekly Closing Price	Open	High	Low	Volume
12 Mon Feb 2024	7.75	8.40	8.40	7.65	0.126 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 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
12 Mon Feb 2024	7.75	7.00	8.60	7.00	1.248 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, 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 negative, but sellers have recently become active on the stock. This cannot be called a strong downtrend, specially if selected time duration is small

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 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 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 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.

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 tired and bears are picking up momentum.

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 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 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 7.78 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 is giving positive 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.