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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 2024-02-28 View latest technical analysis

10 day averaged volume of Bajaj Steel is 11139

Date Daily Closing Price Open High Low Volume
28 Wed Feb 2024 1193.25 1225.00 1225.00 1181.30 0.777 times
27 Tue Feb 2024 1199.75 1214.65 1225.00 1171.55 0.586 times
26 Mon Feb 2024 1214.65 1209.80 1220.00 1190.00 0.629 times
23 Fri Feb 2024 1202.35 1200.00 1223.90 1190.10 0.493 times
22 Thu Feb 2024 1204.45 1180.00 1224.90 1158.90 1.285 times
21 Wed Feb 2024 1174.05 1200.00 1216.95 1156.15 0.83 times
20 Tue Feb 2024 1186.15 1205.00 1228.50 1169.65 0.862 times
19 Mon Feb 2024 1209.65 1250.00 1250.00 1202.25 3.809 times
16 Fri Feb 2024 1234.05 1232.25 1259.80 1210.00 0.602 times
15 Thu Feb 2024 1243.95 1268.95 1268.95 1235.00 0.383 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 1151.3 as stoploss in an intra day buy trade for a target of 1295.86. However, stock will show a bearish move below 1151.3.

Share price targets for Bajaj Steel (BajajSteel)

Target Type Value
Downside Target 1004.05
Downside Target 1112.55
Downside Target 1148.85
Upside Target 1225.00
Upside Target 1250.00
Upside Target 1268.95
Upside Target 1331.00
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 1168.2
Downside Intraday Target 1143.15
Upside Intraday Target 1221.65
Upside Intraday Target 1250.05
Upside Intraday Target 1196.6

Weekly technical analysis of Bajaj Steel (BajajSteel)

Date Weekly Closing Price Open High Low Volume
28 Wed Feb 2024 1193.25 1209.80 1225.00 1171.55 0.274 times
23 Fri Feb 2024 1202.35 1250.00 1250.00 1156.15 1.347 times
16 Fri Feb 2024 1234.05 1249.00 1268.95 1150.00 0.365 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

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
28 Wed Feb 2024 1193.25 1546.80 1626.90 1150.00 1.092 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 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 term time period is neutral. A longer time frame might give a better analysis.

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 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 losing momentum.

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

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. Bears are getting stronger in this stock.

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

CCI has generated a buy signal for Bajaj Steel in short term but BUY 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 1205.01 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.

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 term time period is neutral. A longer time frame might give a better analysis.

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 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 losing momentum.

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

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. Bears are getting stronger in this stock.

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

CCI has generated a buy signal for Bajaj Steel in short term but BUY 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 1205.01 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.

Click here for Bajaj Steel charts

Click here for further forecast and predictions for tomorrow

Daily charts

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