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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 2023-05-19 View latest technical analysis

10 day averaged volume of Bajaj Steel is 12417

Date	Daily Closing Price	Open	High	Low	Volume
19 Fri May 2023	1344.75	1342.00	1359.00	1325.00	0.394 times
18 Thu May 2023	1345.25	1345.00	1377.90	1340.10	0.398 times
17 Wed May 2023	1349.70	1336.00	1390.00	1336.00	0.896 times
16 Tue May 2023	1330.15	1344.00	1399.00	1320.00	1.879 times
15 Mon May 2023	1341.95	1245.05	1360.00	1245.05	3.055 times
12 Fri May 2023	1241.50	1246.00	1262.90	1235.00	0.271 times
11 Thu May 2023	1249.90	1266.80	1279.00	1240.00	0.462 times
10 Wed May 2023	1251.95	1286.00	1286.00	1250.05	0.368 times
09 Tue May 2023	1266.00	1219.00	1279.95	1210.00	0.839 times
08 Mon May 2023	1219.75	1265.00	1288.00	1200.55	1.238 times

My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 1336.4, but if it comes below 1336.4, then a intra day sell could be more profitable.
If you take a sell trade below 1336.4, then use 1336.4 as stoploss and 1220.83 as target. However if you take a buy trade in stock , then use 1336.4 as stoploss and 1475.1 as target.

Share price targets for Bajaj Steel (BajajSteel)

Target Type	Value
Downside Target	803.65
Downside Target	830.00
Downside Target	944.50
Downside Target	980.00
Downside Target	1015.00
Downside Target	1069.95
Downside Target	1190.00
Downside Target	1234.00
Downside Target	1245.05
Downside Target	1288.00
Upside Target	1364.00
Upside Target	1399.00

Intraday share price targets for Bajaj Steel (BajajSteel)

Target Type	Value
Downside Intraday Target	1260.2
Downside Intraday Target	1175.65
Upside Intraday Target	1414.15
Upside Intraday Target	1483.55
Downside Intraday Target	1329.6

Weekly technical analysis of Bajaj Steel (BajajSteel)

Date	Weekly Closing Price	Open	High	Low	Volume
19 Fri May 2023	1344.75	1245.05	1399.00	1245.05	2.083 times
12 Fri May 2023	1241.50	1265.00	1288.00	1200.55	0.56 times
05 Fri May 2023	1262.45	1234.00	1364.00	1215.00	1.437 times
28 Fri Apr 2023	1210.40	1026.05	1234.00	1017.00	1.734 times
21 Fri Apr 2023	1028.90	1069.95	1069.95	1015.00	1.561 times

Price has moved up this week, and volume has increased substantially. This means that the move can continue in coming weeks.

Monthly technical analysis of Bajaj Steel (BajajSteel)

Date	Monthly Closing Price	Open	High	Low	Volume
19 Fri May 2023	1344.75	1234.00	1399.00	1200.55	1.771 times
28 Fri Apr 2023	1210.40	1080.00	1234.00	1015.00	0.502 times
31 Fri Mar 2023	1066.45	1000.00	1190.00	980.00	0.503 times
28 Tue Feb 2023	998.50	910.00	1200.00	830.00	2.971 times

Scroll below to view daily charts

Price has moved up this month, and volume has increased substantially. This means that the move can 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 negative, but trend is highly volatile. A longer duration price action analysis might give a better picture of the trend in this stock.

Price action analysis of Bajaj Steel ( (BajajSteel) ) based on a short 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 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 BUY. Signal strength is Strong and stock is losing momentum.

MACD generated a BUY signal for Bajaj Steel in short term and the buy signal is strong.

MACD line is moving upwards which means that SELL signal is weakening, and buying is picking up momentum.

Bajaj Steel Stock is trading near its recent HIGHS, which reflects strong buying momentum in short term! Bulls are getting stronger in this stock.

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

CCI has generated a SELL signal for Bajaj Steel in short term but SELL signal is weak.

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

MRSI is in negative zone. This is the SELL zone

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

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 1308.2 and Bajaj Steel (BajajSteel) stock is trading above this level. This is a good sign for the stock and it could move higher. VWAP is rising upwards.

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 is giving positive 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.