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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 2024-10-28 View latest technical analysis

10 day averaged volume of Bajaj Steel is 6494

Date	Daily Closing Price	Open	High	Low	Volume
28 Mon Oct 2024	2927.80	2925.00	2999.90	2871.20	0.616 times
25 Fri Oct 2024	2905.70	2974.10	3038.00	2887.00	0.888 times
24 Thu Oct 2024	2974.10	3096.00	3116.90	2950.00	0.92 times
23 Wed Oct 2024	3063.40	2990.00	3156.00	2989.00	0.627 times
22 Tue Oct 2024	3066.35	3176.00	3249.40	3050.00	1.534 times
21 Mon Oct 2024	3218.35	3304.00	3350.00	3187.80	1.035 times
18 Fri Oct 2024	3294.15	3191.85	3304.00	3165.00	0.976 times
17 Thu Oct 2024	3191.85	3162.90	3250.00	3140.40	0.835 times
16 Wed Oct 2024	3162.90	3249.00	3249.00	3121.90	0.821 times
15 Tue Oct 2024	3191.90	3267.00	3267.00	3180.00	0.94 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 2935.1, but if it comes above 2935.1, then a intra day buy could be more profitable.
If you take a sell trade below 2935.1, then use 2935.1 as stoploss and 2693.5 as target. However if you take a buy trade in stock , then use 2935.1 as stoploss and 3136.44 as target.

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	2750.00
Downside Target	2871.20
Upside Target	2999.90
Upside Target	3121.90
Upside Target	3340.00
Upside Target	3350.00
Upside Target	3450.00
Upside Target	3499.75

Intraday share price targets for Bajaj Steel (BajajSteel)

Target Type	Value
Downside Intraday Target	2866.03
Downside Intraday Target	2804.27
Upside Intraday Target	2994.73
Upside Intraday Target	3061.67
Upside Intraday Target	2932.97

Weekly technical analysis of Bajaj Steel (BajajSteel)

Date	Weekly Closing Price	Open	High	Low	Volume
28 Mon Oct 2024	2927.80	2925.00	2999.90	2871.20	0.123 times
25 Fri Oct 2024	2905.70	3304.00	3350.00	2887.00	1.002 times
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

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
28 Mon Oct 2024	2927.80	3005.00	3499.75	2750.00	0.987 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 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 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 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 Strong 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 is trading near its recent LOWS in short term which reflects strong selling momentum. 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 moving up

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 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 3106.27 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.