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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 2024-02-06 View latest technical analysis

10 day averaged volume of Bajaj Steel is 20058

Date Daily Closing Price Open High Low Volume
06 Tue Feb 2024 1600.10 1570.00 1608.90 1560.00 0.767 times
05 Mon Feb 2024 1556.65 1599.95 1624.80 1521.20 0.974 times
02 Fri Feb 2024 1571.55 1561.05 1617.80 1550.00 0.89 times
01 Thu Feb 2024 1556.45 1546.80 1565.00 1502.15 0.631 times
31 Wed Jan 2024 1529.40 1509.95 1559.95 1509.80 0.818 times
30 Tue Jan 2024 1497.55 1489.00 1550.00 1462.00 1.879 times
29 Mon Jan 2024 1473.60 1331.00 1495.00 1331.00 2.109 times
25 Thu Jan 2024 1329.70 1299.00 1340.00 1298.50 0.975 times
24 Wed Jan 2024 1275.85 1269.80 1280.00 1242.40 0.443 times
23 Tue Jan 2024 1237.60 1324.80 1338.80 1203.90 0.572 times

My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 1496.4, but if it comes below 1496.4, then a intra day sell could be more profitable.
If you take a sell trade below 1496.4, then use 1496.4 as stoploss and 1351.44 as target. However if you take a buy trade in stock , then use 1496.4 as stoploss and 1670.3 as target.

Share price targets for Bajaj Steel (BajajSteel)

Target Type Value
Downside Target 1004.05
Downside Target 1112.55
Downside Target 1148.85
Downside Target 1173.90
Downside Target 1297.80
Downside Target 1331.00
Downside Target 1365.55
Downside Target 1502.15
Downside Target 1521.20
Downside Target 1559.95
Upside Target 1617.80
Upside Target 1624.80

Intraday share price targets for Bajaj Steel (BajajSteel)

Target Type Value
Downside Intraday Target 1539.27
Downside Intraday Target 1478.43
Upside Intraday Target 1642.87
Upside Intraday Target 1685.63
Downside Intraday Target 1582.03

Weekly technical analysis of Bajaj Steel (BajajSteel)

Date Weekly Closing Price Open High Low Volume
06 Tue Feb 2024 1600.10 1599.95 1624.80 1521.20 0.275 times
02 Fri Feb 2024 1571.55 1331.00 1617.80 1331.00 2.344 times
25 Thu Jan 2024 1329.70 1344.00 1344.00 1203.90 1.241 times
19 Fri Jan 2024 1271.65 1270.75 1297.80 1195.00 0.46 times
12 Fri Jan 2024 1249.60 1169.20 1365.55 1150.00 2.394 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
06 Tue Feb 2024 1600.10 1546.80 1624.80 1502.15 0.199 times
31 Wed Jan 2024 1529.40 1170.00 1559.95 1112.55 2.54 times
29 Fri Dec 2023 1166.95 1098.90 1173.90 1030.60 1.046 times
30 Thu Nov 2023 1083.15 1056.60 1148.85 1018.00 1.147 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 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 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 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 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 moving up

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 1478.08 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 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 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 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 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 moving up

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 1478.08 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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