Stock analysis S.A.L. Steel Limited SALSTEEL

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Moving Averages for S.A.L. Steel Limited

5Day Average: 16.74
12Day Average: 17.12
20Day Average: 17.14
50Day Average: 17.59
100Day Average: 18.16
150Day Average: 19.32
200Day Average: 20.89

SALSTEEL Indicators & signals

Indicator MACD (12,26,9)

16.95, 17.19, -0.21
Indicator MACD is in negative zone

Indicator ADX (14)

17.65, 11.11, 15.87
Indicator ADX is indicating that momentum is weak.
Momentum is towards selling.

Indicator RSI (14)

Current RSI is: 47
Indicator RSI is indicating buying momentum and stock might rise.

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 Tue Jul 2025	16.60	16.47 to 16.96	0.3%	0.65 times
21 Mon Jul 2025	16.55	16.48 to 17.01	-1.49%	1.04 times
18 Fri Jul 2025	16.80	16.68 to 17.10	0.06%	0.52 times
17 Thu Jul 2025	16.79	16.65 to 17.47	-0.94%	1.49 times
16 Wed Jul 2025	16.95	16.81 to 17.34	-0.88%	1.26 times
15 Tue Jul 2025	17.10	16.89 to 17.20	0.47%	0.78 times
14 Mon Jul 2025	17.02	17.00 to 17.23	-0.64%	0.54 times
11 Fri Jul 2025	17.13	16.95 to 17.54	0.06%	0.79 times
10 Thu Jul 2025	17.12	17.05 to 17.50	-1.55%	1.3 times
09 Wed Jul 2025	17.39	17.30 to 18.13	-2.25%	0.75 times
08 Tue Jul 2025	17.79	17.61 to 18.75	-2.09%	1.53 times
07 Mon Jul 2025	18.17	16.60 to 18.50	5.89%	5.73 times

Technical analysis forecast for S.A.L. Steel Limited Stock is that its in a downtrend for shortterm, and I will avoid taking a BUY or a LONG trade in this stock. Look for opportunities to sell or SHORT S.A.L. Steel Limited SALSTEEL at this time. Stock is falling and might fall 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 below an important moving average line, and it has been below this line for quite some time now. This is not a good sign, stock might keep falling and stock might move lower...

My analysis of S.A.L. Steel Limited is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if S.A.L. Steel Limited stays below 16.7, but if it comes above 16.7, then a intra day buy could be more profitable.
If you take a sell trade below 16.7, then use 16.7 as stoploss and 16.3 as target. However if you take a buy trade in S.A.L. Steel Limited, then use 16.7 as stoploss and 17.1 as target.

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