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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 2024-05-06 View latest technical analysis

10 day averaged volume of Bajaj Steel is 5396

Date Daily Closing Price Open High Low Volume
06 Mon May 2024 1282.10 1310.00 1310.00 1251.30 0.522 times
03 Fri May 2024 1288.75 1296.00 1309.80 1281.00 0.727 times
02 Thu May 2024 1299.25 1300.00 1311.00 1276.05 1.47 times
30 Tue Apr 2024 1290.25 1279.05 1299.00 1279.00 0.712 times
29 Mon Apr 2024 1279.20 1291.50 1310.00 1266.00 1.298 times
26 Fri Apr 2024 1285.50 1305.50 1305.50 1262.00 0.553 times
25 Thu Apr 2024 1280.20 1304.00 1320.00 1271.20 1.261 times
24 Wed Apr 2024 1283.70 1287.00 1310.00 1270.10 0.868 times
23 Tue Apr 2024 1282.25 1264.90 1287.00 1251.35 1.233 times
22 Mon Apr 2024 1254.75 1244.00 1278.90 1222.80 1.116 times

My analysis of stock is bullish for shortterm, but stock is in semi over bought zones and there are some chances of seeing a fall tomorrow. Use 1289.2 as stoploss in an intra day sell trade for a target of 1268.3. However, stock will show a bullish move above 1289.2.

Share price targets for Bajaj Steel (BajajSteel)

Target Type Value
Downside Target 1045.50
Downside Target 1112.55
Downside Target 1150.00
Downside Target 1203.90
Upside Target 1295.00
Upside Target 1310.00
Upside Target 1311.00
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 1252.27
Downside Intraday Target 1222.43
Upside Intraday Target 1310.97
Upside Intraday Target 1339.83
Downside Intraday Target 1281.13

Weekly technical analysis of Bajaj Steel (BajajSteel)

Date Weekly Closing Price Open High Low Volume
06 Mon May 2024 1282.10 1310.00 1310.00 1251.30 0.124 times
03 Fri May 2024 1288.75 1291.50 1311.00 1266.00 0.836 times
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

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
06 Mon May 2024 1282.10 1300.00 1311.00 1251.30 0.125 times
30 Tue Apr 2024 1290.25 1150.00 1320.00 1150.00 0.925 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

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 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 Weak and stock is losing momentum.

MACD generated a BUY signal for Bajaj Steel in short term and the buy signal is strong.

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 coming down

CCI has generated a SELL signal for Bajaj Steel in short term and SELL 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 1282.37 and Bajaj Steel (BajajSteel) stock is trading below this level. This means that stock is falling with high volumes. 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 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 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 Weak and stock is losing momentum.

MACD generated a BUY signal for Bajaj Steel in short term and the buy signal is strong.

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 coming down

CCI has generated a SELL signal for Bajaj Steel in short term and SELL 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 1282.37 and Bajaj Steel (BajajSteel) stock is trading below this level. This means that stock is falling with high volumes. 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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