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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 2024-04-26 View latest technical analysis

10 day averaged volume of Bajaj Steel is 5818

Date Daily Closing Price Open High Low Volume
26 Fri Apr 2024 1285.50 1305.50 1305.50 1262.00 0.513 times
25 Thu Apr 2024 1280.20 1304.00 1320.00 1271.20 1.17 times
24 Wed Apr 2024 1283.70 1287.00 1310.00 1270.10 0.805 times
23 Tue Apr 2024 1282.25 1264.90 1287.00 1251.35 1.144 times
22 Mon Apr 2024 1254.75 1244.00 1278.90 1222.80 1.035 times
19 Fri Apr 2024 1249.10 1240.00 1257.95 1203.90 0.705 times
18 Thu Apr 2024 1241.00 1250.00 1264.80 1240.00 1.771 times
16 Tue Apr 2024 1237.30 1244.50 1269.95 1226.10 0.654 times
15 Mon Apr 2024 1248.40 1248.00 1260.00 1212.00 1.067 times
12 Fri Apr 2024 1281.25 1285.00 1289.00 1251.00 0.953 times

My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 1282.6, but if it comes below 1282.6, then a intra day sell could be more profitable.
If you take a sell trade below 1282.6, then use 1282.6 as stoploss and 1244.11 as target. However if you take a buy trade in stock , then use 1282.6 as stoploss and 1328.9 as target.

Share price targets for Bajaj Steel (BajajSteel)

Target Type Value
Downside Target 1030.60
Downside Target 1112.55
Downside Target 1135.80
Downside Target 1173.90
Downside Target 1203.90
Downside Target 1269.95
Upside Target 1289.95
Upside Target 1295.00
Upside Target 1320.00
Upside Target 1559.95
Upside Target 1626.90

Intraday share price targets for Bajaj Steel (BajajSteel)

Target Type Value
Downside Intraday Target 1232.2
Downside Intraday Target 1178.9
Upside Intraday Target 1329.4
Upside Intraday Target 1373.3
Downside Intraday Target 1276.1

Weekly technical analysis of Bajaj Steel (BajajSteel)

Date Weekly Closing Price Open High Low Volume
26 Fri Apr 2024 1285.50 1244.00 1320.00 1222.80 1.112 times
19 Fri Apr 2024 1249.10 1248.00 1269.95 1203.90 1.061 times
12 Fri Apr 2024 1281.25 1295.00 1295.00 1230.25 0.717 times
05 Fri Apr 2024 1272.60 1150.00 1289.95 1150.00 1.411 times
28 Thu Mar 2024 1151.25 1179.90 1180.00 1135.80 1.155 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
26 Fri Apr 2024 1285.50 1150.00 1320.00 1150.00 0.839 times
28 Thu Mar 2024 1151.25 1195.00 1252.00 1045.50 0.35 times
29 Thu Feb 2024 1189.30 1546.80 1626.90 1150.00 1.106 times
31 Wed Jan 2024 1529.40 1170.00 1559.95 1112.55 2.54 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 positive, but buyers have become active on the stock recently. This cannot be a definite uptrend, specially if selected time duration is small.

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 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 SELL signal for Bajaj Steel in short term but SELL signal is weak.

RSI is generating a BUY signal in short term but buying is losing 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 1262.8 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 positive, but buyers have become active on the stock recently. This cannot be a definite uptrend, specially if selected time duration is small.

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 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 SELL signal for Bajaj Steel in short term but SELL signal is weak.

RSI is generating a BUY signal in short term but buying is losing 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 1262.8 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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