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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 2024-08-28 View latest technical analysis

10 day averaged volume of Zenith Steel is 105106

Date	Daily Closing Price	Open	High	Low	Volume
28 Wed Aug 2024	9.02	8.90	9.02	8.90	1.038 times
27 Tue Aug 2024	8.85	8.83	8.88	8.83	0.786 times
26 Mon Aug 2024	8.81	8.80	8.81	8.80	1.115 times
23 Fri Aug 2024	8.85	8.97	8.97	8.85	0.52 times
22 Thu Aug 2024	8.97	8.90	8.97	8.90	0.832 times
21 Wed Aug 2024	8.85	8.95	8.95	8.85	0.789 times
20 Tue Aug 2024	9.02	9.02	9.02	9.02	0.886 times
19 Mon Aug 2024	9.21	9.21	9.21	9.21	1.164 times
16 Fri Aug 2024	9.40	9.40	9.60	9.40	1.615 times
14 Wed Aug 2024	9.60	9.70	9.70	9.60	0.483 times

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 8.9 as stoploss in an intra day buy trade for a target of 9.66. However, stock will show a bearish move below 8.9.

Share price targets for Zenith Steel (ZENITHSTL_BE)

Target Type	Value
Downside Target	5.55
Downside Target	6.45
Downside Target	7.00
Downside Target	7.70
Downside Target	8.60
Downside Target	8.80
Upside Target	9.21
Upside Target	9.40
Upside Target	9.80
Upside Target	10.49
Upside Target	10.71
Upside Target	10.93
Upside Target	12.08
Upside Target	15.45

Intraday share price targets for Zenith Steel (ZENITHSTL_BE)

Target Type	Value
Downside Intraday Target	8.87
Downside Intraday Target	8.73
Upside Intraday Target	9.09
Upside Intraday Target	9.17
Downside Intraday Target	8.95

Weekly technical analysis of Zenith Steel (ZENITHSTL_BE)

Date	Weekly Closing Price	Open	High	Low	Volume
28 Wed Aug 2024	9.02	8.80	9.02	8.80	0.701 times
23 Fri Aug 2024	8.85	9.21	9.21	8.85	0.876 times
16 Fri Aug 2024	9.40	9.68	9.80	9.40	1.016 times
09 Fri Aug 2024	9.68	10.49	10.49	9.66	0.443 times
02 Fri Aug 2024	10.71	11.00	12.08	10.71	0.573 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
28 Wed Aug 2024	9.02	10.93	10.93	8.80	0.194 times
31 Wed Jul 2024	11.16	14.72	15.45	9.53	1.941 times
16 Fri Feb 2024	8.35	7.00	8.60	7.00	1.934 times
31 Wed Jan 2024	6.95	7.70	7.70	6.45	0.573 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 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 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 negative. This means that there is a strong downtrend in the stock for given time period. Sellers are extremely active on this stock.

ADX buy sell signal for Zenith Steel stock for short term is SELL. Signal strength is Strong and stock is losing momentum.

MACD generated a SELL signal for Zenith Steel in short term and the sell signal is strong.

Zenith Steel Stock is trading near its recent LOWS in short term which reflects strong selling momentum. Bears are weakening, and bulls are picking up momentum!

Ichimoku cloud is of red color and prices are below the red 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 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 9.07 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 negative.

Force Index is moving in a negative zone, which indicates selling momentum for short term... Selling momentum is getting weaker.