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(BajajSteel) Bajaj Steel complete technical analysis [charts+indicators] | Buy/Sell Bajaj Steel | (BajajSteel) share price targets

Complete technical analysis of Bajaj Steel (BajajSteel) by charts plus indicators, forecast predictions and share price targets for Bajaj Steel (BajajSteel)

Showing technical analysis as on 2024-01-24 View latest technical analysis

10 day averaged volume of Bajaj Steel is 14793

Date	Daily Closing Price	Open	High	Low	Volume
24 Wed Jan 2024	1275.85	1269.80	1280.00	1242.40	0.6 times
23 Tue Jan 2024	1237.60	1324.80	1338.80	1203.90	0.776 times
22 Mon Jan 2024	1283.40	1344.00	1344.00	1270.00	0.962 times
19 Fri Jan 2024	1271.65	1241.00	1290.00	1221.30	0.69 times
18 Thu Jan 2024	1221.50	1229.00	1249.95	1195.00	0.354 times
17 Wed Jan 2024	1226.00	1244.00	1244.00	1207.00	0.325 times
16 Tue Jan 2024	1236.85	1255.00	1274.00	1202.55	0.594 times
15 Mon Jan 2024	1254.00	1270.75	1297.80	1249.70	0.988 times
12 Fri Jan 2024	1249.60	1319.90	1330.00	1232.85	0.885 times
11 Thu Jan 2024	1297.50	1185.00	1365.55	1185.00	3.794 times

My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 1259.9, but if it comes below 1259.9, then a intra day sell could be more profitable.
If you take a sell trade below 1259.9, then use 1259.9 as stoploss and 1205.25 as target. However if you take a buy trade in stock , then use 1259.9 as stoploss and 1325.5 as target.

Share price targets for Bajaj Steel (BajajSteel)

Target Type	Value
Downside Target	1004.05
Downside Target	1051.50
Downside Target	1112.55
Downside Target	1148.85
Downside Target	1173.90
Downside Target	1195.00
Downside Target	1203.90
Upside Target	1297.80
Upside Target	1344.00
Upside Target	1365.55

Intraday share price targets for Bajaj Steel (BajajSteel)

Target Type	Value
Downside Intraday Target	1205.17
Downside Intraday Target	1134.48
Upside Intraday Target	1345.27
Upside Intraday Target	1414.68
Downside Intraday Target	1274.58

Weekly technical analysis of Bajaj Steel (BajajSteel)

Date	Weekly Closing Price	Open	High	Low	Volume
24 Wed Jan 2024	1275.85	1344.00	1344.00	1203.90	0.793 times
19 Fri Jan 2024	1271.65	1270.75	1297.80	1195.00	0.46 times
12 Fri Jan 2024	1249.60	1169.20	1365.55	1150.00	2.394 times
05 Fri Jan 2024	1160.20	1170.00	1170.00	1112.55	0.829 times
29 Fri Dec 2023	1166.95	1068.00	1173.90	1051.50	1.75 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 Bajaj Steel (BajajSteel)

Date	Monthly Closing Price	Open	High	Low	Volume
24 Wed Jan 2024	1275.85	1170.00	1365.55	1112.55	1.644 times
29 Fri Dec 2023	1166.95	1098.90	1173.90	1030.60	1.046 times
30 Thu Nov 2023	1083.15	1056.60	1148.85	1018.00	1.147 times
31 Tue Oct 2023	1040.75	1084.00	1150.00	1004.05	0.639 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 Bajaj Steel (BajajSteel)

Price action analysis of Bajaj Steel ( (BajajSteel) ) based on a short 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.

Price action analysis of Bajaj Steel ( (BajajSteel) ) based on a short to mid 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.

Price action analysis of Bajaj Steel ( (BajajSteel) ) 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 Bajaj Steel stock for short term is BUY. Signal strength is Strong and stock is gaining momentum.

MACD generated a BUY signal for Bajaj 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.

Bajaj 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 above the green cloud Prices appear to be moving up

CCI has generated a buy signal for Bajaj 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 Bajaj 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 1271.18 and Bajaj Steel (BajajSteel) 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 Bajaj Steel (BajajSteel) stock. Volume based technical analysis of Bajaj Steel (BajajSteel) stock is negative.

Bajaj 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.