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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: 13.79
  • 12Day Average: 13.54
  • 20Day Average: 13.79
  • 50Day Average: 13.48
  • 100Day Average: 13.81
  • 150Day Average: 13.83
  • 200Day Average: 12.73

STEELXIND Indicators & signals

Indicator MACD (12,26,9)

13.73, 13.7, -0.03
Indicator MACD is in positive zone

Indicator ADX (14)

30.77, 29.31, 15.52
Indicator ADX is indicating that momentum is weak.
Indicator ADX is showing that momentum is towards buying

Indicator RSI (14)

Current RSI is: 61
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
26 Fri Jul 2024 14.20 14.15 to 14.49 -2.27% 0.75 times
25 Thu Jul 2024 14.53 14.30 to 14.79 1.75% 1.72 times
24 Wed Jul 2024 14.28 12.97 to 14.54 10.1% 4.22 times
23 Tue Jul 2024 12.97 12.52 to 13.07 0% 0.54 times
23 Tue Jul 2024 12.97 12.52 to 13.07 0.08% 0.54 times
22 Mon Jul 2024 12.96 12.68 to 13.10 0.7% 0.43 times
19 Fri Jul 2024 12.87 12.81 to 13.30 -2.35% 0.7 times
18 Thu Jul 2024 13.18 13.14 to 13.64 -2.44% 0.43 times
16 Tue Jul 2024 13.51 13.48 to 13.93 -2.24% 0.33 times
15 Mon Jul 2024 13.82 13.30 to 14.11 2.14% 0.73 times
12 Fri Jul 2024 13.53 13.51 to 13.81 -0.66% 0.36 times
11 Thu Jul 2024 13.62 13.57 to 13.91 -0.66% 0.33 times

Technical analysis forecast of Steel Exchange India 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 Exchange India Ltd STEELXIND at this time. Stock is rising and might rise more.

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

Stock of Steel Exchange India Ltd (STEELXIND) 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.

My analysis of Steel Exchange India Ltd is bullish for shortterm, but stock is in semi over bought zones and there are some chances of seeing a fall tomorrow. Use 14.3 as stoploss in an intra day sell trade for a target of 13.71. However, stock will show a bullish move above 14.3.

More indepth analysis on MunafaSutra.com