(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 2024-05-16 View latest technical analysis
10 day averaged volume of Bajaj Steel is 3709
| Date | Daily Closing Price | Open | High | Low | Volume |
| 16 Thu May 2024 | 1264.90 | 1273.15 | 1282.90 | 1251.00 | 1.153 times |
| 15 Wed May 2024 | 1273.15 | 1276.00 | 1294.20 | 1268.60 | 1 times |
| 14 Tue May 2024 | 1276.25 | 1252.15 | 1299.80 | 1252.15 | 0.804 times |
| 13 Mon May 2024 | 1259.50 | 1289.95 | 1289.95 | 1240.00 | 0.77 times |
| 10 Fri May 2024 | 1266.10 | 1256.20 | 1289.80 | 1245.10 | 0.915 times |
| 09 Thu May 2024 | 1267.55 | 1310.00 | 1310.00 | 1265.00 | 0.271 times |
| 08 Wed May 2024 | 1292.70 | 1245.00 | 1310.00 | 1245.00 | 1.332 times |
| 07 Tue May 2024 | 1268.95 | 1297.90 | 1297.90 | 1242.00 | 0.952 times |
| 06 Mon May 2024 | 1282.10 | 1310.00 | 1310.00 | 1251.30 | 0.76 times |
| 03 Fri May 2024 | 1288.75 | 1296.00 | 1309.80 | 1281.00 | 1.058 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 1259.4 as stoploss in an intra day buy trade for a target of 1274.26. However, stock will show a bearish move below 1259.4.
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 | 1236.67 |
| Downside Intraday Target | 1208.43 |
| Upside Intraday Target | 1296.47 |
| Upside Intraday Target | 1328.03 |
| Upside Intraday Target | 1268.23 |
Weekly technical analysis of Bajaj Steel (BajajSteel)
| Date | Weekly Closing Price | Open | High | Low | Volume |
| 16 Thu May 2024 | 1264.90 | 1289.95 | 1299.80 | 1240.00 | 0.881 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 |
| 16 Thu May 2024 | 1264.90 | 1300.00 | 1311.00 | 1240.00 | 0.352 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 positive, but buyers have become active on the stock recently. This cannot be a definite uptrend, specially if selected time duration is small.
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 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 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. Bears are weakening, and bulls are picking up momentum!
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 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 1275.35 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 positive, but buyers have become active on the stock recently. This cannot be a definite uptrend, specially if selected time duration is small.
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 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 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. Bears are weakening, and bulls are picking up momentum!
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 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 1275.35 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.
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