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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 2024-02-09 View latest technical analysis

10 day averaged volume of Bajaj Steel is 28034

Date Daily Closing Price Open High Low Volume
09 Fri Feb 2024 1237.35 1292.00 1292.00 1212.00 1.105 times
08 Thu Feb 2024 1292.00 1339.00 1358.00 1195.10 1.963 times
07 Wed Feb 2024 1380.85 1602.00 1626.90 1297.00 1.567 times
06 Tue Feb 2024 1600.10 1570.00 1608.90 1560.00 0.549 times
05 Mon Feb 2024 1556.65 1599.95 1624.80 1521.20 0.697 times
02 Fri Feb 2024 1571.55 1561.05 1617.80 1550.00 0.637 times
01 Thu Feb 2024 1556.45 1546.80 1565.00 1502.15 0.451 times
31 Wed Jan 2024 1529.40 1509.95 1559.95 1509.80 0.585 times
30 Tue Jan 2024 1497.55 1489.00 1550.00 1462.00 1.344 times
29 Mon Jan 2024 1473.60 1331.00 1495.00 1331.00 1.509 times

My analysis of stock is bearish for shortterm, but stock is semi over sold and there are some chances of seeing a recovery tomorrow. Use 1227.6 as stoploss in an intra day buy trade for a target of 1364.08. However, stock will show a bearish move below 1227.6.

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
Upside Target 1297.80
Upside Target 1331.00
Upside Target 1344.00
Upside Target 1365.55
Upside Target 1559.95
Upside Target 1617.80
Upside Target 1626.90

Intraday share price targets for Bajaj Steel (BajajSteel)

Target Type Value
Downside Intraday Target 1079.33
Downside Intraday Target 921.32
Upside Intraday Target 1511.13
Upside Intraday Target 1784.92
Upside Intraday Target 1353.12

Weekly technical analysis of Bajaj Steel (BajajSteel)

Date Weekly Closing Price Open High Low Volume
09 Fri Feb 2024 1237.35 1599.95 1626.90 1195.10 1.299 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 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
09 Fri Feb 2024 1237.35 1546.80 1626.90 1195.10 0.595 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 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 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 neutral. A longer time frame might give a better analysis.

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 Strong and stock is gaining momentum.

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

Bajaj Steel Stock is trading near its recent LOWS in short term which reflects strong selling momentum. Bears are getting stronger in this stock.

Ichimoku cloud is of green color and prices are in or below the green cloud Prices appear to be coming down

CCI has generated a SELL signal for Bajaj Steel in short term and SELL signal is strong!

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 1428.34 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 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 neutral. A longer time frame might give a better analysis.

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 Strong and stock is gaining momentum.

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

Bajaj Steel Stock is trading near its recent LOWS in short term which reflects strong selling momentum. Bears are getting stronger in this stock.

Ichimoku cloud is of green color and prices are in or below the green cloud Prices appear to be coming down

CCI has generated a SELL signal for Bajaj Steel in short term and SELL signal is strong!

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 1428.34 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 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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