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 |
| 02 Thu Jan 2025 | 22.66 | 22.56 to 23.31 | -1.78% | 1.06 times |
| 01 Wed Jan 2025 | 23.07 | 22.52 to 23.49 | -0.43% | 0.74 times |
| 31 Tue Dec 2024 | 23.17 | 22.62 to 23.44 | 0.65% | 0.61 times |
| 30 Mon Dec 2024 | 23.02 | 22.60 to 23.84 | 1.59% | 1.55 times |
| 27 Fri Dec 2024 | 22.66 | 22.50 to 23.44 | -1.44% | 1.1 times |
| 26 Thu Dec 2024 | 22.99 | 22.71 to 23.56 | -1.42% | 1.03 times |
| 24 Tue Dec 2024 | 23.32 | 23.25 to 23.92 | -0.89% | 0.54 times |
| 23 Mon Dec 2024 | 23.53 | 23.14 to 24.50 | -1.79% | 1.13 times |
| 20 Fri Dec 2024 | 23.96 | 23.86 to 24.85 | -1.4% | 1.2 times |
| 19 Thu Dec 2024 | 24.30 | 24.00 to 25.11 | -0.86% | 0.88 times |
| 18 Wed Dec 2024 | 24.51 | 23.65 to 24.75 | 0% | 1.21 times |
| 18 Wed Dec 2024 | 24.51 | 23.65 to 24.75 | 1.66% | 1.21 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 22.8, but if it comes above 22.8, then a intra day buy could be more profitable.
If you take a sell trade below 22.8, then use 22.8 as stoploss and 21.6 as target. However if you take a buy trade in S.A.L. Steel Limited, then use 22.8 as stoploss and 23.85 as target.