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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 2024-02-15 View latest technical analysis

10 day averaged volume of Zenith Steel is 372941

Date	Daily Closing Price	Open	High	Low	Volume
15 Thu Feb 2024	8.10	8.10	8.10	7.80	1.062 times
14 Wed Feb 2024	7.75	7.40	7.75	7.05	1.121 times
13 Tue Feb 2024	7.40	7.80	7.95	7.40	0.42 times
12 Mon Feb 2024	7.75	8.40	8.40	7.65	0.895 times
09 Fri Feb 2024	8.00	8.20	8.20	7.50	1.138 times
08 Thu Feb 2024	7.90	8.60	8.60	7.80	3.467 times
07 Wed Feb 2024	8.20	8.20	8.20	7.95	1.67 times
06 Tue Feb 2024	7.85	7.85	7.85	7.85	0.397 times
05 Mon Feb 2024	7.50	7.50	7.50	7.50	0.409 times
02 Fri Feb 2024	7.15	7.15	7.15	7.15	0.277 times

My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 7.8, but if it comes below 7.8, then a intra day sell could be more profitable.
If you take a sell trade below 7.8, then use 7.8 as stoploss and 7.28 as target. However if you take a buy trade in stock , then use 7.8 as stoploss and 8.5 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	8.40
Upside Target	8.60

Intraday share price targets for Zenith Steel (ZENITHSTL_BE)

Target Type	Value
Downside Intraday Target	7.3
Downside Intraday Target	6.5
Upside Intraday Target	8.65
Upside Intraday Target	9.2
Downside Intraday Target	7.85

Weekly technical analysis of Zenith Steel (ZENITHSTL_BE)

Date	Weekly Closing Price	Open	High	Low	Volume
15 Thu Feb 2024	8.10	8.40	8.40	7.05	0.494 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
15 Thu Feb 2024	8.10	7.00	8.60	7.00	1.631 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 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 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 trend is highly volatile. A longer time period analysis might give a better idea of the trend.

ADX buy sell signal for Zenith Steel stock for short term is BUY. Signal strength is Weak 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. Bears are weakening, and bulls are picking up momentum!

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 7.89 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.