Munafa S.A.L. Steel Limited (SALSTEEL) stock tips, volume analysis, indicator analysis [intraday, positional] for today and tomorrow

Munafa S.A.L. Steel Limited (SALSTEEL) stock tips, volume analysis, indicator analysis [intraday, positional] for today and tomorrow S.A.L. Steel Limited intraday tips for today and tomorrow

S.A.L. Steel Limited (SALSTEEL) Indicator analysis

Moving Averages for S.A.L. Steel Limited

  • 5Day Average: 23.97
  • 12Day Average: 21.15
  • 20Day Average: 20.23
  • 50Day Average: 18.19
  • 100Day Average: 17.38
  • 150Day Average: 17.03
  • 200Day Average: 16.91

SALSTEEL Indicators & signals

Indicator MACD (12,26,9)

22.06, 20.26, 1.07
Indicator MACD is in positive zone

Indicator ADX (14)

70.67, 42.38, 7.28
Indicator ADX is indicating that momentum is still strong.
Indicator ADX is showing that momentum is towards buying

Indicator RSI (14)

Current RSI is: 66
Indicator RSI is indicating buying momentum and stock might rise.

Recent prices of SALSTEEL S.A.L. Steel Limited are as follows: Daily volume is divided by 10 day averaged volume

Date Close Range Change % Volume
22 Fri Dec 2023 25.95 25.30 to 27.10 2.57% 0.87 times
21 Thu Dec 2023 25.30 24.00 to 27.35 -4.89% 1.34 times
20 Wed Dec 2023 26.60 23.40 to 27.45 16.16% 5.73 times
19 Tue Dec 2023 22.90 19.15 to 22.90 19.9% 2.02 times
18 Mon Dec 2023 19.10 19.00 to 19.70 0.79% 0.15 times
15 Fri Dec 2023 18.95 18.80 to 19.55 -0.26% 0.14 times
14 Thu Dec 2023 19.00 18.95 to 19.25 0.53% 0.11 times
13 Wed Dec 2023 18.90 18.85 to 19.10 -0.79% 0.07 times
12 Tue Dec 2023 19.05 18.90 to 19.60 -1.55% 0.12 times
11 Mon Dec 2023 19.35 19.00 to 19.70 1.04% 0.14 times
08 Fri Dec 2023 19.15 18.95 to 19.85 -2.05% 0.18 times
07 Thu Dec 2023 19.55 19.10 to 19.75 2.36% 0.28 times

S.A.L. Steel Limited stock tips (delivery Volume analysis)

Total 5 day volume for S.A.L. Steel Limited is 18446415, out of which 6263058 went into delivery, which is 33.95 percent of total volumes

Volumes in the last session was 1590741, out of which 755703 went into delivery, which is 47.51 percent of total volumes.

Although some deliveries are being taken in the stock, still its not a comfortable percentage. The stock might show a slow down or possibly a reversal of its trend in coming days.

S A SALSTEEL intraday stock tips

22 Friday December Stock tips for S A (SALSTEEL) Stock is trading above an important moving average line, and it has been above this line for quite some time now. This is a good sign, and the stock might keep rising and move higher!

It appears as if S A SALSTEEL gave a large move recently.

Although my analysis for S A is bullish for shortterm, but stock is over bought and there are high chances of some profit booking tomorrow. You might want to sell the stock tomorrow in intra day with a stoploss of 26.5, for a target of 23.4 or 20.85

21 Thursday December Stock tips for S A (SALSTEEL) Stock is trading above an important moving average line, and it has been above this line for quite some time now. This is a good sign, and the stock might keep rising and move higher!

It appears as if S A SALSTEEL gave a large move recently.

Although my analysis for S A is bullish for shortterm, but stock is over bought and there are high chances of some profit booking tomorrow. You might want to sell the stock tomorrow in intra day with a stoploss of 25.2, for a target of 22.6 or 20.31

20 Wednesday December Stock tips for S A (SALSTEEL) Stock is trading above an important moving average line, and it has been above this line for quite some time now. This is a good sign, and the stock might keep rising and move higher!

It appears as if S A SALSTEEL gave a large move recently.

Although my analysis for S A is bullish for shortterm, but stock is over bought and there are high chances of some profit booking tomorrow. You might want to sell the stock tomorrow in intra day with a stoploss of 23.9, for a target of 21.7 or 19.79

19 Tuesday December Stock tips for S A (SALSTEEL) Stock is trading above an important moving average line, and it has been above this line for quite some time now. This is a good sign, and the stock might keep rising and move higher!

It appears as if S A SALSTEEL gave a large move recently.

Although my analysis for S A is bullish for shortterm, but stock is over bought and there are high chances of some profit booking tomorrow. You might want to sell the stock tomorrow in intra day with a stoploss of 21.2, for a target of 20 or 19.07

18 Monday December Stock tips for S A (SALSTEEL) Stock is trading above an important moving average line, and it has been above this line for quite some time now. This is a good sign, and the stock might keep rising and move higher!

It appears as if S A SALSTEEL gave a large move recently.

My analysis of S A is bullish for shortterm, but tip for tomorrow is selective. Take a BUY trade only if S A stays above 19, but if it comes below 19, then a intra day sell could be more profitable.
If you take a sell trade below 19, then use 19 as stoploss and 18.67 as target. However if you take a buy trade in S A, then use 19 as stoploss and 19.5 as target.

15 Friday December Stock tips for S A (SALSTEEL) Stock is trading above an important moving average line, and it has been above this line for quite some time now. This is a good sign, and the stock might keep rising and move higher!

It appears as if S A SALSTEEL gave a large move recently.

My analysis of S A is bullish for shortterm, but stock is in semi over bought zones and there are some chances of seeing a fall tomorrow. Use 19 as stoploss in an intra day sell trade for a target of 18.62. However, stock will show a bullish move above 19.

14 Thursday December Stock tips for S A (SALSTEEL) Stock is trading above an important moving average line, and it has been above this line for quite some time now. This is a good sign, and the stock might keep rising and move higher!

It appears as if S A SALSTEEL gave a large move recently.

My analysis of S A is bullish for shortterm, but stock is in semi over bought zones and there are some chances of seeing a fall tomorrow. Use 19.2 as stoploss in an intra day sell trade for a target of 18.58. However, stock will show a bullish move above 19.2.

S A SALSTEEL tips for tomorrow

Tomorrow's movement Prediction of S A SALSTEEL appears strongly Bullish. This stock started moving upwards as soon as it opened. Generally this happens when there is a positive sentiment following the stock, making it attractive. There's a good chance that this upwards movement will continue tomorrow as well.

Tomorrow's movement Prediction of S A SALSTEEL is bullish. The stock is trading above weekly resistance and downside can only be expected once it trades below 19.33

Tomorrow's movement Prediction of S A SALSTEEL is strongly bullish. It has broken a strong resistance of 21 and is expected to move up further.

Munafa value: 90

 Munafa value: 90

If this Munafa value is near or nearing 100, then this stock might show an upward movement. However, if this value is near or nearing 10, then this stock might very well show a downward movement.

If the Munafa value is near 50, then the stock might show a sideways movement.

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Munafa S.A.L. Steel Limited (SALSTEEL) stock tips, volume analysis, indicator analysis [intraday, positional] for today and tomorrow

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Munafa S.A.L. Steel Limited (SALSTEEL) stock tips, volume analysis, indicator analysis [intraday, positional] for today and tomorrow

 

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