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Stock analysis Steel City Securities Ltd STEELCITY

More indepth analysis on MunafaSutra.com

Moving Averages for Steel City Securities Ltd

  • 5Day Average: 79.82
  • 12Day Average: 77.64
  • 20Day Average: 76.63
  • 50Day Average: 78.03
  • 100Day Average: 76.08
  • 150Day Average: 72.64
  • 200Day Average: 70.17

STEELCITY Indicators & signals

Indicator MACD (12,26,9)

78.73, 77.45, 0.02
Indicator MACD is in positive zone

Indicator ADX (14)

58.86, 34.24, 8.87
Indicator ADX is indicating that momentum is still strong.
Indicator ADX is showing that momentum is towards buying

Indicator RSI (14)

Current RSI is: 55
Indicator RSI is indicating buying momentum and stock might rise.

Recent prices of STEELCITY Steel City Securities Ltd are as follows: Daily volume is divided by 10 day averaged volume

Date Close Range Change % Volume
23 Tue Apr 2024 85.95 82.50 to 91.95 -4.02% 2.66 times
22 Mon Apr 2024 89.55 76.30 to 89.70 19.8% 8.09 times
19 Fri Apr 2024 74.75 73.20 to 75.00 1.49% 0.09 times
18 Thu Apr 2024 73.65 73.15 to 76.25 -2.06% 0.4 times
16 Tue Apr 2024 75.20 74.15 to 76.65 1.01% 0.23 times
15 Mon Apr 2024 74.45 74.00 to 77.05 -2.23% 0.36 times
12 Fri Apr 2024 76.15 75.55 to 77.25 0.13% 0.26 times
10 Wed Apr 2024 76.05 75.45 to 77.00 0.53% 0.19 times
09 Tue Apr 2024 75.65 75.40 to 76.65 0.4% 0.08 times
08 Mon Apr 2024 75.35 74.90 to 78.75 -3.64% 0.15 times
05 Fri Apr 2024 78.20 75.40 to 78.85 1.96% 0.17 times
04 Thu Apr 2024 76.70 74.50 to 77.70 1.05% 0.18 times

Technical analysis forecast of Steel City Securities Ltd 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 Steel City Securities Ltd STEELCITY at this time. Stock is rising and might rise more.

It appears as if Steel City Securities Ltd STEELCITY gave a large move recently.

Stock of Steel City Securities Ltd (STEELCITY) is trading above an important moving average line, but it crossed this line recently, which means that it could show a small or a large fall soon enough depending on its trend.

Although my analysis for Steel City Securities Ltd 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 86.2, for a target of 81.6 or 77.71

More indepth analysis on MunafaSutra.com