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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 2023-09-15 View latest technical analysis

10 day averaged volume of Bajaj Steel is 7268

Date	Daily Closing Price	Open	High	Low	Volume
15 Fri Sep 2023	1044.30	1036.00	1056.50	1026.00	0.556 times
14 Thu Sep 2023	1032.80	1043.00	1044.70	1026.95	0.535 times
13 Wed Sep 2023	1024.75	1050.25	1059.90	1020.00	1.254 times
12 Tue Sep 2023	1050.25	1067.95	1080.00	1026.65	1.181 times
11 Mon Sep 2023	1067.95	1090.00	1090.00	1055.00	1.278 times
08 Fri Sep 2023	1077.30	1089.90	1089.90	1056.65	0.856 times
07 Thu Sep 2023	1068.55	1098.00	1098.00	1057.85	1.576 times
06 Wed Sep 2023	1089.25	1075.00	1098.80	1061.80	0.571 times
05 Tue Sep 2023	1080.15	1060.00	1090.00	1060.00	0.666 times
04 Mon Sep 2023	1056.20	1087.65	1087.65	1050.00	1.393 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 1050.4, but if it comes above 1050.4, then a intra day buy could be more profitable.
If you take a sell trade below 1050.4, then use 1050.4 as stoploss and 1018.2 as target. However if you take a buy trade in stock , then use 1050.4 as stoploss and 1077.21 as target.

Share price targets for Bajaj Steel (BajajSteel)

Target Type	Value
Downside Target	936.05
Downside Target	1020.00
Upside Target	1050.00
Upside Target	1125.00
Upside Target	1126.00
Upside Target	1148.45
Upside Target	1151.00
Upside Target	1199.00
Upside Target	1220.00
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	1012.87
Downside Intraday Target	981.43
Upside Intraday Target	1082.87
Upside Intraday Target	1121.43
Upside Intraday Target	1051.43

Weekly technical analysis of Bajaj Steel (BajajSteel)

Date	Weekly Closing Price	Open	High	Low	Volume
15 Fri Sep 2023	1044.30	1090.00	1090.00	1020.00	0.949 times
08 Fri Sep 2023	1077.30	1087.65	1098.80	1050.00	1.188 times
01 Fri Sep 2023	1087.65	1072.00	1126.00	1051.00	0.878 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

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
15 Fri Sep 2023	1044.30	1100.00	1100.00	1020.00	0.284 times
31 Thu Aug 2023	1068.65	1125.00	1220.00	936.05	1.95 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

Scroll below to view daily charts

Price has moved down 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 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 losing momentum.

MACD generated a SELL signal for Bajaj Steel in short term and the sell 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 LOWS in short term which reflects strong selling momentum. Bears are weakening, and bulls 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 buy signal for Bajaj Steel in short term but BUY signal is weak.

RSI is generating a SELL signal in short term and selling is picking up 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 1058.41 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 negative.

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