ZENITHSTL_BE NEWS why is Zenith Steel Pip Ind Ltd price falling or rising

ZENITHSTL_BE NEWS reasons for why stock price of Zenith Steel Pip Ind Ltd is falling or rising

ZENITHSTL_BE Zenith Steel is falling or rising technical reasons

Technical analysis forecast for Zenith Steel Stock is that its in a downtrend for shortterm, and I will avoid taking a BUY or a LONG trade in this stock. Look for opportunities to sell or SHORT Zenith Steel ZENITHSTL_BE at this time. Stock is falling and might fall more.

It appears as if Zenith Steel ZENITHSTL_BE gave a large move recently.

Stock of Zenith Steel (ZENITHSTL_BE) is trading below an important moving average line, and it has been below this line for quite some time now. This is not a good sign, stock might keep falling and stock might move lower...

My analysis of Zenith Steel is bearish for shortterm, and stock might move down till 8.8 or till 8.6. Use a stoploss of 9.06 and if the stock hits stoploss, then it can shoot up till 9.28

ZENITHSTL_BE Zenith Steel is falling or rising NEWS fundamental reasons

More announcements and NEWS

ZENITHSTL_BE Zenith Steel Pip Ind Ltd current price & indicator signals

Moving Averages for Zenith Steel Pip Ind Ltd

  • 5Day Average: 8.92
  • 12Day Average: 8.9
  • 20Day Average: 8.99
  • 50Day Average: 9.78
  • 100Day Average: 9.97
  • 150Day Average: 9.07
  • 200Day Average: 8.2

ZENITHSTL_BE Indicators & signals

Indicator MACD (12,26,9)

8.93, 9.15, -0.26
Indicator MACD is in negative zone

Indicator ADX (14)

0, 14.81, 14.81
Indicator ADX is indicating that momentum is weak.
Momentum is towards selling.

Indicator RSI (14)

Current RSI is: 56
Indicator RSI is indicating buying momentum and stock might rise.

Recent prices of ZENITHSTL_BE Zenith Steel Pip Ind Ltd are as follows: Daily volume is divided by 10 day averaged volume

Date Close Range Change % Volume
25 Mon Nov 2024 9.01 8.84 to 9.09 1.81% 0.94 times
22 Fri Nov 2024 8.85 8.50 to 9.04 0.8% 0.91 times
21 Thu Nov 2024 8.78 8.61 to 9.17 -1.79% 0.75 times
19 Tue Nov 2024 8.94 8.65 to 9.39 -0.67% 1.36 times
18 Mon Nov 2024 9.00 8.20 to 9.00 4.9% 1.26 times
14 Thu Nov 2024 8.58 8.00 to 8.79 2.26% 0.96 times
13 Wed Nov 2024 8.39 8.25 to 9.00 -3.45% 1.67 times
12 Tue Nov 2024 8.69 8.59 to 9.20 -3.98% 0.91 times
11 Mon Nov 2024 9.05 8.72 to 9.41 -1.31% 0.67 times
08 Fri Nov 2024 9.17 8.85 to 9.40 -0.11% 0.67 times
07 Thu Nov 2024 9.18 9.05 to 9.59 -0.22% 0.84 times
06 Wed Nov 2024 9.20 8.81 to 9.42 1.55% 0.74 times

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ZENITHSTL_BE NEWS why is Zenith Steel Pip Ind Ltd price falling or rising

 

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