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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 2024-10-18 View latest technical analysis

10 day averaged volume of Bajaj Steel is 15851

Date	Daily Closing Price	Open	High	Low	Volume
18 Fri Oct 2024	3294.15	3191.85	3304.00	3165.00	0.4 times
17 Thu Oct 2024	3191.85	3162.90	3250.00	3140.40	0.342 times
16 Wed Oct 2024	3162.90	3249.00	3249.00	3121.90	0.336 times
15 Tue Oct 2024	3191.90	3267.00	3267.00	3180.00	0.385 times
14 Mon Oct 2024	3202.10	3258.50	3340.00	3151.80	0.583 times
11 Fri Oct 2024	3258.50	3317.45	3348.95	3230.00	0.384 times
10 Thu Oct 2024	3317.45	3413.00	3419.00	3306.90	0.481 times
09 Wed Oct 2024	3358.70	3333.05	3450.00	3333.05	0.72 times
08 Tue Oct 2024	3333.05	3145.00	3420.00	2920.00	0.967 times
07 Mon Oct 2024	3138.65	3400.00	3450.00	2750.00	1.84 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 3332.1 as stoploss in an intra day sell trade for a target of 3004.54. However, stock will show a bullish move above 3332.1.

Share price targets for Bajaj Steel (BajajSteel)

Target Type	Value
Downside Target	1210.60
Downside Target	1555.00
Downside Target	1665.90
Downside Target	1764.30
Downside Target	1864.30
Downside Target	1961.25
Downside Target	2281.00
Downside Target	2492.40
Downside Target	2565.50
Downside Target	2656.00
Downside Target	2742.95
Downside Target	3026.45
Downside Target	3121.90
Upside Target	3340.00
Upside Target	3450.00
Upside Target	3499.75

Intraday share price targets for Bajaj Steel (BajajSteel)

Target Type	Value
Downside Intraday Target	3164.03
Downside Intraday Target	3033.92
Upside Intraday Target	3382.13
Upside Intraday Target	3470.12
Downside Intraday Target	3252.02

Weekly technical analysis of Bajaj Steel (BajajSteel)

Date	Weekly Closing Price	Open	High	Low	Volume
18 Fri Oct 2024	3294.15	3258.50	3340.00	3121.90	0.466 times
11 Fri Oct 2024	3258.50	3400.00	3450.00	2750.00	0.274 times
03 Thu Oct 2024	3320.10	2800.00	3499.75	2780.10	10.163 times
27 Fri Sep 2024	2522.05	2596.15	2656.00	2492.40	0.851 times
20 Fri Sep 2024	2596.15	2693.80	2742.95	2565.50	0.409 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
18 Fri Oct 2024	3294.15	3005.00	3499.75	2750.00	0.866 times
30 Mon Sep 2024	2931.35	2172.00	3026.45	1961.25	1.547 times
30 Fri Aug 2024	2117.00	1850.00	2281.00	1764.30	0.835 times
31 Wed Jul 2024	1822.75	1666.90	1864.30	1555.00	1.129 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 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 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 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 gaining 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. Bulls are getting stronger in this stock.

Ichimoku cloud is of green color and prices are above the green cloud Prices appear to be moving up

CCI has generated a buy signal for Bajaj Steel in short term and BUY signal is strong.

RSI is generating a BUY signal in short term but buying is losing 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 3235.64 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 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.