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Stock analysis Steel Exchange India Ltd STEELXIND

More indepth analysis on MunafaSutra.com

Moving Averages for Steel Exchange India Ltd

  • 5Day Average: 9.5
  • 12Day Average: 9.86
  • 20Day Average: 10.02
  • 50Day Average: 11.3
  • 100Day Average: 13.16
  • 150Day Average: 13.95
  • 200Day Average: 14.02

STEELXIND Indicators & signals

Indicator MACD (12,26,9)

9.77, 10.27, -0.51
Indicator MACD is in negative zone

Indicator ADX (14)

12, 18.03, 22.95
Indicator ADX is indicating that momentum is weak.
Momentum is towards selling.

Indicator RSI (14)

Current RSI is: 56
Indicator RSI is indicating buying momentum and stock might rise.

Recent prices of STEELXIND Steel Exchange India Ltd are as follows: Daily volume is divided by 10 day averaged volume

Date Close Range Change % Volume
04 Wed Oct 2023 9.30 9.20 to 9.50 -2.11% 0.32 times
03 Tue Oct 2023 9.50 9.40 to 9.65 -0.52% 0.25 times
29 Fri Sep 2023 9.55 9.45 to 9.70 0% 0.25 times
28 Thu Sep 2023 9.55 9.50 to 9.75 -0.52% 0.22 times
27 Wed Sep 2023 9.60 9.20 to 9.80 -1.03% 1.19 times
26 Tue Sep 2023 9.70 9.55 to 10.05 -2.02% 1.15 times
25 Mon Sep 2023 9.90 9.80 to 10.20 -1% 0.77 times
22 Fri Sep 2023 10.00 9.75 to 10.90 0% 2.41 times
21 Thu Sep 2023 10.00 9.80 to 10.55 -3.38% 1.33 times
20 Wed Sep 2023 10.35 10.30 to 10.65 -1.43% 0.46 times
18 Mon Sep 2023 10.50 10.40 to 11.00 1.45% 1.98 times
15 Fri Sep 2023 10.35 10.30 to 10.55 0.49% 0.5 times

Technical analysis forecast for Steel Exchange India Ltd 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 Steel Exchange India Ltd STEELXIND at this time. Stock is falling and might fall more.

It appears as if Steel Exchange India Ltd STEELXIND gave a large move recently.

Stock of Steel Exchange India Ltd (STEELXIND) 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...

Although my analysis for Steel Exchange India Ltd is bearish for shortterm, but stock is in heavy over sold zones and there are high chances of some recovery tomorrow. You might want to buy the stock tomorrow in intra day with a stoploss of 9.1, for a target of 9.6 or 10.05

More indepth analysis on MunafaSutra.com