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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 2023-08-28 View latest technical analysis

10 day averaged volume of Bajaj Steel is 13395

Date Daily Closing Price Open High Low Volume
28 Mon Aug 2023 1081.65 1072.00 1098.00 1065.05 0.363 times
25 Fri Aug 2023 1071.55 1091.10 1135.00 1066.00 0.578 times
24 Thu Aug 2023 1097.05 1130.00 1140.00 1090.00 0.518 times
23 Wed Aug 2023 1117.80 1135.05 1135.05 1110.50 0.353 times
22 Tue Aug 2023 1135.05 1119.00 1148.45 1110.00 0.643 times
21 Mon Aug 2023 1107.45 1126.00 1131.90 1103.00 0.541 times
18 Fri Aug 2023 1115.30 1125.00 1125.00 1052.80 1.736 times
17 Thu Aug 2023 1081.55 1035.00 1085.00 1035.00 1.25 times
16 Wed Aug 2023 1026.05 952.00 1049.35 945.00 1.556 times
14 Mon Aug 2023 949.55 979.50 997.90 936.05 1.209 times

My analysis of stock is bearish for shortterm, and stock might move down till 1021.4 or till 947.5. Use a stoploss of 1082.99 and if the stock hits stoploss, then it can shoot up till 1144.6

Share price targets for Bajaj Steel (BajajSteel)

Target Type Value
Downside Target 936.05
Downside Target 1015.00
Downside Target 1065.05
Upside Target 1125.00
Upside Target 1148.45
Upside Target 1199.00
Upside Target 1220.00
Upside Target 1234.00
Upside Target 1273.90
Upside Target 1344.90
Upside Target 1399.00

Intraday share price targets for Bajaj Steel (BajajSteel)

Target Type Value
Downside Intraday Target 1065.13
Downside Intraday Target 1048.62
Upside Intraday Target 1098.08
Upside Intraday Target 1114.52
Downside Intraday Target 1081.57

Weekly technical analysis of Bajaj Steel (BajajSteel)

Date Weekly Closing Price Open High Low Volume
28 Mon Aug 2023 1081.65 1072.00 1098.00 1065.05 0.138 times
25 Fri Aug 2023 1071.55 1126.00 1148.45 1066.00 0.458 times
18 Fri Aug 2023 1115.30 979.50 1125.00 936.05 0.732 times
11 Fri Aug 2023 978.80 1133.80 1159.00 945.00 3.446 times
04 Fri Aug 2023 1133.80 1102.20 1220.00 1100.00 0.654 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
28 Mon Aug 2023 1081.65 1125.00 1220.00 936.05 1.798 times
31 Mon Jul 2023 1104.50 1264.85 1273.90 1084.00 0.878 times
30 Fri Jun 2023 1243.95 1290.25 1344.90 1199.00 0.462 times
31 Wed May 2023 1297.30 1234.00 1399.00 1151.00 3.15 times

Scroll below to view daily charts

Price has moved down 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 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 to mid 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 mid to longer 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.

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

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

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

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. Bulls are getting tired and bears are picking up momentum.

Ichimoku cloud is of red color and prices are below the red cloud Prices appear to be moving up

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 but buying is losing 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 1067.39 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 negative.

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 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 to mid 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 mid to longer 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.

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

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

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

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. Bulls are getting tired and bears are picking up momentum.

Ichimoku cloud is of red color and prices are below the red cloud Prices appear to be moving up

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 but buying is losing 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 1067.39 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 negative.

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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