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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 2023-11-15 View latest technical analysis

10 day averaged volume of Bajaj Steel is 6583

Date Daily Closing Price Open High Low Volume
15 Wed Nov 2023 1104.90 1086.00 1111.90 1086.00 0.784 times
13 Mon Nov 2023 1111.65 1075.00 1124.90 1075.00 1.043 times
12 Sun Nov 2023 1098.95 1120.00 1120.00 1088.00 0.573 times
10 Fri Nov 2023 1113.90 1109.00 1121.00 1071.00 0.872 times
09 Thu Nov 2023 1082.10 1090.00 1099.80 1045.60 2.478 times
08 Wed Nov 2023 1111.75 1099.80 1148.85 1085.05 1.569 times
07 Tue Nov 2023 1089.20 1090.00 1099.90 1041.25 0.738 times
06 Mon Nov 2023 1073.00 1060.00 1082.90 1043.80 0.403 times
03 Fri Nov 2023 1078.05 1055.80 1089.30 1035.00 0.767 times
02 Thu Nov 2023 1056.25 1042.00 1059.00 1025.05 0.731 times

My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 1104, but if it comes below 1104, then a intra day sell could be more profitable.
If you take a sell trade below 1104, then use 1104 as stoploss and 1076.38 as target. However if you take a buy trade in stock , then use 1104 as stoploss and 1137.1 as target.

Share price targets for Bajaj Steel (BajajSteel)

Target Type Value
Downside Target 936.05
Downside Target 1004.05
Downside Target 1041.25
Downside Target 1064.00
Upside Target 1124.00
Upside Target 1124.90
Upside Target 1148.85
Upside Target 1150.00
Upside Target 1220.00
Upside Target 1273.90

Intraday share price targets for Bajaj Steel (BajajSteel)

Target Type Value
Downside Intraday Target 1078.3
Downside Intraday Target 1051.7
Upside Intraday Target 1128.2
Upside Intraday Target 1151.5
Downside Intraday Target 1101.6

Weekly technical analysis of Bajaj Steel (BajajSteel)

Date Weekly Closing Price Open High Low Volume
15 Wed Nov 2023 1104.90 1120.00 1124.90 1075.00 0.396 times
10 Fri Nov 2023 1113.90 1060.00 1148.85 1041.25 2.015 times
03 Fri Nov 2023 1078.05 1062.00 1089.30 1018.00 0.906 times
27 Fri Oct 2023 1061.50 1077.00 1088.35 1004.05 0.634 times
20 Fri Oct 2023 1076.45 1116.75 1150.00 1064.00 1.21 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 Wed Nov 2023 1104.90 1056.60 1148.85 1018.00 0.659 times
31 Tue Oct 2023 1040.75 1084.00 1150.00 1004.05 0.639 times
29 Fri Sep 2023 1083.55 1100.00 1124.00 1015.00 0.624 times
31 Thu Aug 2023 1068.65 1125.00 1220.00 936.05 1.95 times

Scroll below to view daily charts

Price has moved up 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 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 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 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 Weak 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 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 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

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 1093.37 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 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 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 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 Weak 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 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 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

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 1093.37 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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