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Zenith Steel (ZENITHSTL_BE) Technical (Analysis) Reports Zenith Steel ["Technical Analysis"] Reports -NSE Stock Exchange MunafaSutra.com

Complete & easy to understand technical analysis of Zenith Steel (ZENITHSTL_BE)

Technical Analysis Report for NSE stock ZENITHSTL_BE Zenith Steel. Dated: 25 Nov 2024 Updated Daily. Stock trades in NSE stock exchange

If you are looking for Tomorrow's Movement Predictions for NSE stock ZENITHSTL_BE Zenith Steel then click here. or read Experts views on Zenith Steel or Forecast & share price targets of Zenith Steel

Zenith Steel Opened at 9.03 and Closed at: 9.01, which is 1.78% of previous session's close. It moved within a range of 8.84 and 9.09
The session was a Bearish session with an average volume of 113936, which is 3.06% of previous session's volumes.

• Even though the stock has shown an up move, but the short term trend of the stock remains negative and in a downtrend.
• Even though the stock has shown an up move, but the mid term trend of the stock remains negative and in a downtrend.
• The stock has shown an up move, and its long term trend is also positive and in an uptrend.

Support for tomorrow is 8.8 and resistance for tomorrow is 9.05
These support and resistance points are valid for the first 5-15 minutes charts

Above are simple pivot point calculations. For a list of much stronger support and resistance levels click here. These are way more stronger support and resistance levels, and mark trend reversals and are Support & Resistance levels recommended by experts.

Support for tomorrow's hourly charts is 8.87, 8.73 resistance for tomorrow's hourly charts is 9.12, 9.23

10 Day SMA for Zenith Steel (ZENITHSTL_BE) is 8.85 and stock is trading above these levels. This is a good sign for its short term trend

20 Day SMA for Zenith Steel (ZENITHSTL_BE) is 8.99 and the stock is trading above these levels. This is a good sign for its mid term trend

50 Day SMA for Zenith Steel (ZENITHSTL_BE) is 9.78 and the stock is trading below these levels. This is not a good sign for its mid to long term trend

100 Day SMA is 9.97 and the stock is trading below these levels. This is not a good sign for its long term trend

200 Day SMA Zenith Steel is 8.2 and stock is trading above these levels. This is a good sign for its long term trend

20 DMA of Zenith Steel is at 8.99 and 200 DMA is at 8.2, while 50 DMA and 100 DMA are at 9.78 and 9.97 respectively

Zenith Steel (ZENITHSTL_BE) moving average of 20 SMA is at 8.99 and 20 EMA is at 9.06

Zenith Steel (ZENITHSTL_BE) moving average of 50 SMA is at 9.78 and 50 EMA is at 9.38

Zenith Steel (ZENITHSTL_BE) moving average of 100 SMA is at 9.97 and 100 EMA is at 9.27

Zenith Steel (ZENITHSTL_BE) moving average of 200 SMA is at 8.2 and 200 EMA is at 8.32

Zenith Steel Technical analysis of indicators

Price action analysis of Zenith Steel (ZENITHSTL_BE) 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.

ADX buy sell signal for Zenith Steel stock for short term is SELL. Signal strength is Weak and stock is losing momentum.

MACD generated a BUY signal for Zenith Steel in short term but the buy signal is initial and weak.

MACD line is moving upwards which means that SELL signal is weakening, and buying is picking up momentum.

Zenith 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 red color and prices are in or above the red cloud Prices appear to be moving up

CCI has generated a buy signal for Zenith 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 negative zone. This is the SELL zone

Stock of Zenith 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 8.81 and Zenith Steel ZENITHSTL_BE 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 Zenith Steel ZENITHSTL_BE stock. Volume based technical analysis of Zenith Steel ZENITHSTL_BE stock is negative.

Zenith Steel Stock has given negative returns over a short term period. Returns for a longer term period have been negative.

Force Index is moving in a negative zone, which indicates selling momentum for short term... Selling momentum is getting weaker.

Tomorrow's Predictions

You should also read Tomorrow's Movement Predictions for NSE stock ZENITHSTL_BE Zenith Steel These predictions are based on various factors, are easy to understand, and upto 75% accurate!

And ZENITHSTL_BE Experts View which covers a lot of information including buying and selling signals

ZENITHSTL_BE future forecast & share price targets

You can also take a look at the Charts and indicator analysis here Announcements & NEWS by Zenith Steel or View Candle Stick Charts here