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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 2024-05-17 View latest technical analysis

10 day averaged volume of Bajaj Steel is 3343

Date Daily Closing Price Open High Low Volume
17 Fri May 2024 1263.85 1270.00 1284.95 1253.00 1.025 times
16 Thu May 2024 1264.90 1273.15 1282.90 1251.00 1.279 times
15 Wed May 2024 1273.15 1276.00 1294.20 1268.60 1.109 times
14 Tue May 2024 1276.25 1252.15 1299.80 1252.15 0.892 times
13 Mon May 2024 1259.50 1289.95 1289.95 1240.00 0.855 times
10 Fri May 2024 1266.10 1256.20 1289.80 1245.10 1.015 times
09 Thu May 2024 1267.55 1310.00 1310.00 1265.00 0.301 times
08 Wed May 2024 1292.70 1245.00 1310.00 1245.00 1.478 times
07 Tue May 2024 1268.95 1297.90 1297.90 1242.00 1.056 times
06 Mon May 2024 1282.10 1310.00 1310.00 1251.30 0.843 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 1262.4 as stoploss in an intra day buy trade for a target of 1275.4. However, stock will show a bearish move below 1262.4.

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 1299.80
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 1235.97
Downside Intraday Target 1208.08
Upside Intraday Target 1295.77
Upside Intraday Target 1327.68
Upside Intraday Target 1267.88

Weekly technical analysis of Bajaj Steel (BajajSteel)

Date Weekly Closing Price Open High Low Volume
17 Fri May 2024 1263.85 1289.95 1299.80 1240.00 1.1 times
10 Fri May 2024 1266.10 1310.00 1310.00 1242.00 0.691 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

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
17 Fri May 2024 1263.85 1300.00 1311.00 1240.00 0.381 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 positive, but trend is highly volatile. A longer time period analysis might give a better idea of the trend.

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 Weak and stock is losing momentum.

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

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 green color and prices are in or below the green 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 positive zone. This is a BUY zone

Stock of Bajaj Steel is picking up buying momentum according to indicator.

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 1272.56 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 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 positive, but trend is highly volatile. A longer time period analysis might give a better idea of the trend.

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 Weak and stock is losing momentum.

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

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 green color and prices are in or below the green 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 positive zone. This is a BUY zone

Stock of Bajaj Steel is picking up buying momentum according to indicator.

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 1272.56 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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