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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 2023-05-22 View latest technical analysis

10 day averaged volume of Bajaj Steel is 12169

Date Daily Closing Price Open High Low Volume
22 Mon May 2023 1337.35 1330.00 1373.90 1330.00 0.713 times
19 Fri May 2023 1344.75 1342.00 1359.00 1325.00 0.402 times
18 Thu May 2023 1345.25 1345.00 1377.90 1340.10 0.406 times
17 Wed May 2023 1349.70 1336.00 1390.00 1336.00 0.914 times
16 Tue May 2023 1330.15 1344.00 1399.00 1320.00 1.917 times
15 Mon May 2023 1341.95 1245.05 1360.00 1245.05 3.118 times
12 Fri May 2023 1241.50 1246.00 1262.90 1235.00 0.277 times
11 Thu May 2023 1249.90 1266.80 1279.00 1240.00 0.472 times
10 Wed May 2023 1251.95 1286.00 1286.00 1250.05 0.375 times
09 Tue May 2023 1266.00 1219.00 1279.95 1210.00 0.856 times

My analysis of stock is bullish for shortterm, but stock is in semi over bought zones and there are some chances of seeing a fall tomorrow. Use 1345.6 as stoploss in an intra day sell trade for a target of 1236.25. However, stock will show a bullish move above 1345.6.

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 1190.00
Downside Target 1245.05
Downside Target 1288.00
Downside Target 1330.00
Upside Target 1364.00
Upside Target 1373.90
Upside Target 1399.00

Intraday share price targets for Bajaj Steel (BajajSteel)

Target Type Value
Downside Intraday Target 1320.27
Downside Intraday Target 1303.18
Upside Intraday Target 1364.17
Upside Intraday Target 1390.98
Upside Intraday Target 1347.08

Weekly technical analysis of Bajaj Steel (BajajSteel)

Date Weekly Closing Price Open High Low Volume
22 Mon May 2023 1337.35 1330.00 1373.90 1330.00 0.106 times
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

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
22 Mon May 2023 1337.35 1234.00 1399.00 1200.55 1.851 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 sellers have recently become active on the stock. This cannot be called a strong downtrend, specially if selected time duration is small

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 gaining momentum.

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

Bajaj Steel Stock is trading near its recent HIGHS, which reflects strong buying momentum in short term! Bulls are getting tired and bears are picking up momentum.

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

CCI has generated a buy signal for Bajaj Steel in short term and BUY signal is strong.

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

Although the stock is in the SELL zone, but selling 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 1322.23 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.

Price action analysis of Bajaj Steel ( (BajajSteel) ) based on a short term time period is negative, but sellers have recently become active on the stock. This cannot be called a strong downtrend, specially if selected time duration is small

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 gaining momentum.

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

Bajaj Steel Stock is trading near its recent HIGHS, which reflects strong buying momentum in short term! Bulls are getting tired and bears are picking up momentum.

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

CCI has generated a buy signal for Bajaj Steel in short term and BUY signal is strong.

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

Although the stock is in the SELL zone, but selling 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 1322.23 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.

Click here for Bajaj Steel charts

Click here for further forecast and predictions for tomorrow

Daily charts

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