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(BajajSteel) Bajaj Steel complete technical analysis [charts+indicators] | Buy/Sell Bajaj Steel | (BajajSteel) share price targets

Complete technical analysis of Bajaj Steel (BajajSteel) by charts plus indicators, forecast predictions and share price targets for Bajaj Steel (BajajSteel)

Showing technical analysis as on 2023-03-21 View latest technical analysis

10 day averaged volume of Bajaj Steel is 12257

Date	Daily Closing Price	Open	High	Low	Volume
21 Tue Mar 2023	1049.80	1060.00	1077.00	1040.00	0.538 times
20 Mon Mar 2023	1051.60	1091.00	1099.00	1032.00	0.551 times
17 Fri Mar 2023	1102.75	1110.00	1119.40	1080.00	0.284 times
16 Thu Mar 2023	1074.80	1109.95	1115.00	1032.00	0.542 times
15 Wed Mar 2023	1097.55	1140.00	1145.00	1090.25	0.428 times
14 Tue Mar 2023	1120.40	1140.00	1154.50	1112.00	0.596 times
13 Mon Mar 2023	1124.50	1166.05	1177.95	1099.00	1.353 times
10 Fri Mar 2023	1177.85	1167.95	1190.00	1115.00	1.477 times
09 Thu Mar 2023	1155.35	1160.00	1173.00	1105.50	1.306 times
08 Wed Mar 2023	1147.85	1129.00	1159.80	1101.25	1.719 times

My analysis of stock is bearish for shortterm, and stock might move down till 1012.7 or till 942.5. Use a stoploss of 1071.29 and if the stock hits stoploss, then it can shoot up till 1129.85

Share price targets for Bajaj Steel (BajajSteel)

Target Type	Value
Downside Target	751.05
Downside Target	803.65
Downside Target	828.10
Downside Target	944.50
Downside Target	1009.00
Downside Target	1032.00
Downside Target	1045.00
Upside Target	1099.00
Upside Target	1177.95
Upside Target	1190.00
Upside Target	1200.00

Intraday share price targets for Bajaj Steel (BajajSteel)

Target Type	Value
Downside Intraday Target	1021.53
Downside Intraday Target	993.27
Upside Intraday Target	1088.53
Upside Intraday Target	1127.27
Upside Intraday Target	1060.27

Weekly technical analysis of Bajaj Steel (BajajSteel)

Date	Weekly Closing Price	Open	High	Low	Volume
21 Tue Mar 2023	1049.80	1091.00	1099.00	1032.00	0.34 times
17 Fri Mar 2023	1102.75	1166.05	1177.95	1032.00	0.513 times
10 Fri Mar 2023	1177.85	1050.00	1190.00	1045.00	1.729 times
03 Fri Mar 2023	1033.05	1025.00	1039.00	976.00	0.257 times
24 Fri Feb 2023	1018.00	1089.00	1200.00	975.60	0.997 times

Price has moved down this week, but volume has not increased substantially. This means that the move can be temporary and might not continue in coming weeks.

Monthly technical analysis of Bajaj Steel (BajajSteel)

Date	Monthly Closing Price	Open	High	Low	Volume
21 Tue Mar 2023	1049.80	1000.00	1190.00	980.00	0.354 times
28 Tue Feb 2023	998.50	910.00	1200.00	830.00	2.971 times
31 Tue Jan 2023	900.50	885.00	944.50	803.65	0.864 times
30 Fri Dec 2022	863.95	867.65	960.00	751.05	0.378 times

Scroll below to view daily charts

Price has moved up this month, but volume has not increased substantially. This means that the move can be temporary and might not continue in coming months.

Indicators analysis of Bajaj Steel (BajajSteel)

Price action analysis of Bajaj Steel ( (BajajSteel) ) based on a short term time period is definitely negative. This means that there is a strong downtrend in the stock for given time period. Sellers are extremely active on this stock.

Price action analysis of Bajaj Steel ( (BajajSteel) ) based on a short to mid term time period is definitely positive! This means that there is a strong uptrend in the stock for the given time period. Buyers are extremely bullish on the stock.

Price action analysis of Bajaj Steel ( (BajajSteel) ) based on a mid to longer term time period is definitely positive! This means that there is a strong uptrend in the stock for the given time period. Buyers are extremely bullish on the stock.

ADX buy sell signal for Bajaj Steel stock for short term is SELL. Signal strength is Weak and stock is losing momentum.

MACD generated a SELL signal for Bajaj Steel in short term but the sell signal is initial and weak.

Bajaj Steel Stock is trading near its recent LOWS in short term which reflects strong selling momentum. Bears are getting stronger in this stock.

Ichimoku cloud is of green color and prices are in or below the green cloud Prices appear to be coming down

CCI has generated a SELL signal for Bajaj Steel in short term and SELL signal is strong!

RSI is generating a BUY signal in short term and the buying is gaining momentum.

MRSI is in positive zone. This is a BUY zone

Although the stock is in the BUY zone, but buying might be slowing down

Stock of Bajaj Steel is picking up selling momentum according to indicator.

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 1128.12 and Bajaj Steel (BajajSteel) stock is trading below this level. This means that stock is falling with high volumes. VWAP is falling down

People seem to be coming out and selling the Bajaj Steel (BajajSteel) stock. Volume based technical analysis of Bajaj Steel (BajajSteel) stock is negative.

Bajaj Steel Stock has given negative returns over a short term period. Returns for a longer term period have been positive

Force Index is moving in a negative zone, which indicates selling momentum for short term... Selling momentum is getting weaker.