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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 2023-05-31 View latest technical analysis

10 day averaged volume of Bajaj Steel is 15751

Date Daily Closing Price Open High Low Volume
31 Wed May 2023 1297.30 1310.00 1319.80 1241.60 0.822 times
30 Tue May 2023 1280.05 1230.00 1295.00 1230.00 1.08 times
29 Mon May 2023 1229.70 1275.00 1275.00 1151.00 3.25 times
26 Fri May 2023 1291.70 1350.00 1399.00 1270.00 1.973 times
25 Thu May 2023 1350.40 1372.90 1372.90 1347.00 0.425 times
24 Wed May 2023 1351.15 1380.00 1380.00 1348.00 0.512 times
23 Tue May 2023 1364.05 1336.10 1388.45 1313.10 0.879 times
22 Mon May 2023 1337.35 1330.00 1373.90 1330.00 0.551 times
19 Fri May 2023 1344.75 1342.00 1359.00 1325.00 0.311 times
18 Thu May 2023 1345.25 1345.00 1377.90 1340.10 0.313 times

My analysis of stock is bearish for shortterm, and stock might move down till 1252.6 or till 1196.9. Use a stoploss of 1299.03 and if the stock hits stoploss, then it can shoot up till 1345.44

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 1151.00
Downside Target 1190.00
Downside Target 1270.00
Downside Target 1288.00
Upside Target 1319.80
Upside Target 1364.00
Upside Target 1399.00

Intraday share price targets for Bajaj Steel (BajajSteel)

Target Type Value
Downside Intraday Target 1192.27
Downside Intraday Target 1087.23
Upside Intraday Target 1361.07
Upside Intraday Target 1424.83
Downside Intraday Target 1256.03

Weekly technical analysis of Bajaj Steel (BajajSteel)

Date Weekly Closing Price Open High Low Volume
31 Wed May 2023 1297.30 1275.00 1319.80 1151.00 1.187 times
26 Fri May 2023 1291.70 1330.00 1399.00 1270.00 0.831 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

Price has moved up 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
31 Wed May 2023 1297.30 1234.00 1399.00 1151.00 3.15 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 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 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 positive, but buyers have become active on the stock recently. This cannot be a definite uptrend, specially if selected time duration is small.

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 in short term is moving inside a range for now. Please check in a day or two to for a better buy sell signal. Bears are weakening, and bulls are picking up momentum!

Ichimoku cloud is of green color and prices are above the green cloud Prices appear to be moving up

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

RSI is generating a BUY signal in short term but buying is losing momentum.

MRSI is in positive zone. This is a BUY 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 1288.52 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 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.

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 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 positive, but buyers have become active on the stock recently. This cannot be a definite uptrend, specially if selected time duration is small.

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 in short term is moving inside a range for now. Please check in a day or two to for a better buy sell signal. Bears are weakening, and bulls are picking up momentum!

Ichimoku cloud is of green color and prices are above the green cloud Prices appear to be moving up

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

RSI is generating a BUY signal in short term but buying is losing momentum.

MRSI is in positive zone. This is a BUY 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 1288.52 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 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.

Click here for Bajaj Steel charts

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Daily charts

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