Stock analysis S.A.L. Steel Limited SALSTEEL
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Recent prices of SALSTEEL S.A.L. Steel Limited are as follows: Daily volume is divided by 10 day averaged volume
| Date | Close | Range | Change % | Volume |
| 22 Fri Dec 2023 | 25.95 | 25.30 to 27.10 | 2.57% | 0.87 times |
| 21 Thu Dec 2023 | 25.30 | 24.00 to 27.35 | -4.89% | 1.34 times |
| 20 Wed Dec 2023 | 26.60 | 23.40 to 27.45 | 16.16% | 5.73 times |
| 19 Tue Dec 2023 | 22.90 | 19.15 to 22.90 | 19.9% | 2.02 times |
| 18 Mon Dec 2023 | 19.10 | 19.00 to 19.70 | 0.79% | 0.15 times |
| 15 Fri Dec 2023 | 18.95 | 18.80 to 19.55 | -0.26% | 0.14 times |
| 14 Thu Dec 2023 | 19.00 | 18.95 to 19.25 | 0.53% | 0.11 times |
| 13 Wed Dec 2023 | 18.90 | 18.85 to 19.10 | -0.79% | 0.07 times |
| 12 Tue Dec 2023 | 19.05 | 18.90 to 19.60 | -1.55% | 0.12 times |
| 11 Mon Dec 2023 | 19.35 | 19.00 to 19.70 | 1.04% | 0.14 times |
| 08 Fri Dec 2023 | 19.15 | 18.95 to 19.85 | -2.05% | 0.18 times |
| 07 Thu Dec 2023 | 19.55 | 19.10 to 19.75 | 2.36% | 0.28 times |
Technical analysis forecast of S.A.L. Steel Limited Stock is that its in a uptrend for shortterm, and I will avoid taking a SHORT or SELL trade in this stock. Look for opportunities to BUY or go LONG in S.A.L. Steel Limited SALSTEEL at this time. Stock is rising and might rise more.
It appears as if S.A.L. Steel Limited SALSTEEL gave a large move recently.
Stock of S.A.L. Steel Limited (SALSTEEL) is trading above an important moving average line, and it has been above this line for quite some time now. This is a good sign, and the stock might keep rising and move higher!
Although my analysis for S.A.L. Steel Limited is bullish for shortterm, but stock is over bought and there are high chances of some profit booking tomorrow. You might want to sell the stock tomorrow in intra day with a stoploss of 26.5, for a target of 23.4 or 20.85