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

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

Showing technical analysis as on 2024-10-11 View latest technical analysis

10 day averaged volume of Steel Exch is 574777

Date	Daily Closing Price	Open	High	Low	Volume
11 Fri Oct 2024	12.05	12.30	12.30	12.00	0.374 times
10 Thu Oct 2024	12.16	12.41	12.41	12.04	0.478 times
09 Wed Oct 2024	12.25	12.30	12.38	12.17	0.488 times
08 Tue Oct 2024	12.09	11.76	12.17	11.50	0.94 times
07 Mon Oct 2024	11.69	12.61	12.61	11.56	2.293 times
03 Thu Oct 2024	12.56	12.78	12.78	12.45	1.153 times
01 Tue Oct 2024	12.81	12.86	13.02	12.77	0.915 times
30 Mon Sep 2024	12.85	12.86	13.01	12.80	0.655 times
27 Fri Sep 2024	12.83	12.94	13.07	12.80	0.868 times
26 Thu Sep 2024	12.90	12.95	13.09	12.88	1.092 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 12.3, but if it comes above 12.3, then a intra day buy could be more profitable.
If you take a sell trade below 12.3, then use 12.3 as stoploss and 11.7 as target. However if you take a buy trade in stock , then use 12.3 as stoploss and 12.76 as target.

Share price targets for Steel Exch (SteelExch)

Target Type	Value
Downside Target	11.50
Upside Target	12.45
Upside Target	13.02
Upside Target	13.09
Upside Target	13.80
Upside Target	13.84
Upside Target	13.90
Upside Target	14.15
Upside Target	14.84
Upside Target	15.24
Upside Target	15.80

Intraday share price targets for Steel Exch (SteelExch)

Target Type	Value
Downside Intraday Target	11.5
Downside Intraday Target	10.94
Upside Intraday Target	12.61
Upside Intraday Target	13.16
Upside Intraday Target	12.05

Weekly technical analysis of Steel Exch (SteelExch)

Date	Weekly Closing Price	Open	High	Low	Volume
11 Fri Oct 2024	12.05	12.61	12.61	11.50	1.68 times
03 Thu Oct 2024	12.56	12.86	13.02	12.45	0.346 times
27 Fri Sep 2024	12.83	12.90	13.90	12.75	2.505 times
20 Fri Sep 2024	12.81	13.41	13.84	12.76	1.065 times
13 Fri Sep 2024	13.45	13.46	13.80	13.09	0.971 times

Price has moved down this week, and volume has increased substantially. This means that the move can continue in coming weeks.

Monthly technical analysis of Steel Exch (SteelExch)

Date	Monthly Closing Price	Open	High	Low	Volume
11 Fri Oct 2024	12.05	12.86	13.02	11.50	0.376 times
30 Mon Sep 2024	12.85	13.82	14.15	12.75	0.665 times
30 Fri Aug 2024	13.96	14.79	14.84	12.68	0.574 times
31 Wed Jul 2024	14.64	14.46	15.80	12.54	0.835 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 Steel Exch (SteelExch)

Price action analysis of Steel Exch ( (SteelExch) ) based on a short term time period is positive, but buyers have become active on the stock recently. This cannot be a definite uptrend, specially if selected time duration is small.

Price action analysis of Steel Exch ( (SteelExch) ) 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 Steel Exch ( (SteelExch) ) 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 Steel Exch ( (SteelExch) ) 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 Steel Exch stock for short term is SELL. Signal strength is Strong and stock is gaining momentum.

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

Steel Exch 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 red color and prices are below the red cloud Prices appear to be coming down

CCI has generated a SELL signal for Steel Exch 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 negative zone. This is the SELL zone

Although the stock is in the SELL zone, but selling might be slowing down

Stock of Steel Exch is picking up selling momentum according to indicator.

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 12.35 and Steel Exch (SteelExch) 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 Steel Exch (SteelExch) stock. Volume based technical analysis of Steel Exch (SteelExch) stock is negative.

Steel Exch 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.