(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 2024-02-14 View latest technical analysis
10 day averaged volume of Zenith Steel is 342244
Date | Daily Closing Price | Open | High | Low | Volume |
14 Wed Feb 2024 | 7.75 | 7.40 | 7.75 | 7.05 | 1.222 times |
13 Tue Feb 2024 | 7.40 | 7.80 | 7.95 | 7.40 | 0.458 times |
12 Mon Feb 2024 | 7.75 | 8.40 | 8.40 | 7.65 | 0.975 times |
09 Fri Feb 2024 | 8.00 | 8.20 | 8.20 | 7.50 | 1.24 times |
08 Thu Feb 2024 | 7.90 | 8.60 | 8.60 | 7.80 | 3.778 times |
07 Wed Feb 2024 | 8.20 | 8.20 | 8.20 | 7.95 | 1.819 times |
06 Tue Feb 2024 | 7.85 | 7.85 | 7.85 | 7.85 | 0.433 times |
05 Mon Feb 2024 | 7.50 | 7.50 | 7.50 | 7.50 | 0.446 times |
02 Fri Feb 2024 | 7.15 | 7.15 | 7.15 | 7.15 | 0.302 times |
01 Thu Feb 2024 | 7.05 | 7.00 | 7.05 | 7.00 | 0.223 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 7.23 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 | 7.20 |
Downside Target | 7.50 |
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 | 7.07 |
Downside Intraday Target | 6.38 |
Upside Intraday Target | 8.42 |
Upside Intraday Target | 9.08 |
Downside Intraday Target | 7.73 |
Weekly technical analysis of Zenith Steel (ZENITHSTL_BE)
Date | Weekly Closing Price | Open | High | Low | Volume |
14 Wed Feb 2024 | 7.75 | 8.40 | 8.40 | 7.05 | 0.344 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 |
14 Wed Feb 2024 | 7.75 | 7.00 | 8.60 | 7.00 | 1.475 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 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 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 to mid 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 mid to longer term time period is negative, but trend is highly volatile. A longer duration price action analysis might give a better picture of the trend in this stock.
ADX buy sell signal for Zenith Steel stock for short term is BUY. Signal strength is Weak and stock is losing 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. Bears 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 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
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 7.85 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 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 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 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 to mid 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 mid to longer term time period is negative, but trend is highly volatile. A longer duration price action analysis might give a better picture of the trend in this stock.
ADX buy sell signal for Zenith Steel stock for short term is BUY. Signal strength is Weak and stock is losing 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. Bears 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 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
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 7.85 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 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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