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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 2024-02-12 View latest technical analysis

10 day averaged volume of Bajaj Steel is 29178

Date Daily Closing Price Open High Low Volume
12 Mon Feb 2024 1189.95 1249.00 1249.00 1150.00 0.794 times
09 Fri Feb 2024 1237.35 1292.00 1292.00 1212.00 1.062 times
08 Thu Feb 2024 1292.00 1339.00 1358.00 1195.10 1.886 times
07 Wed Feb 2024 1380.85 1602.00 1626.90 1297.00 1.506 times
06 Tue Feb 2024 1600.10 1570.00 1608.90 1560.00 0.527 times
05 Mon Feb 2024 1556.65 1599.95 1624.80 1521.20 0.67 times
02 Fri Feb 2024 1571.55 1561.05 1617.80 1550.00 0.612 times
01 Thu Feb 2024 1556.45 1546.80 1565.00 1502.15 0.434 times
31 Wed Jan 2024 1529.40 1509.95 1559.95 1509.80 0.562 times
30 Tue Jan 2024 1497.55 1489.00 1550.00 1462.00 1.292 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 1221.6, but if it comes above 1221.6, then a intra day buy could be more profitable.
If you take a sell trade below 1221.6, then use 1221.6 as stoploss and 1054.1 as target. However if you take a buy trade in stock , then use 1221.6 as stoploss and 1361.1 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
Upside Target 1249.00
Upside Target 1297.80
Upside Target 1331.00
Upside Target 1344.00
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 1143.63
Downside Intraday Target 1097.32
Upside Intraday Target 1242.63
Upside Intraday Target 1295.32
Upside Intraday Target 1196.32

Weekly technical analysis of Bajaj Steel (BajajSteel)

Date Weekly Closing Price Open High Low Volume
12 Mon Feb 2024 1189.95 1249.00 1249.00 1150.00 0.14 times
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

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
12 Mon Feb 2024 1189.95 1546.80 1626.90 1150.00 0.665 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 positive zone. This is a BUY zone

Although the stock is in the BUY zone, but buying 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 1401.06 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 positive zone. This is a BUY zone

Although the stock is in the BUY zone, but buying 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 1401.06 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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Daily chart
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