Munafa Steel Exchange India Ltd (STEELXIND) stock tips, volume analysis, indicator analysis [intraday, positional] for today and tomorrow

Steel Exchange India Ltd (STEELXIND) Indicator analysis

Steel Exchange India Ltd stock tips (delivery Volume analysis)

Total 5 day volume for Steel Exchange India Ltd is 57251534, out of which 14678800 went into delivery, which is 25.64 percent of total volumes

Volumes in the last session was 11073848, out of which 3460426 went into delivery, which is 31.25 percent of total volumes.

Deliveries are extremely low, which means that most trades are getting squared off within the intra day itself. It will not be safe to invest or hold the stock for long. However, intra day trend might continue.

Steel Exchange STEELXIND intraday stock tips

15 Tuesday September Stock tips for Steel Exchange (STEELXIND) 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 Steel Exchange STEELXIND gave a large move recently.

My analysis of Steel Exchange is bullish for shortterm, and stock might move up till 11.8 or till 12.5. Use a stoploss of 11.3 and if this stock hits its stoploss, then it can fall down till 10.77

11 Friday September Stock tips for Steel Exchange (STEELXIND) 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 Steel Exchange STEELXIND gave a large move recently.

My analysis of Steel Exchange is bullish for shortterm, but tip for tomorrow is selective. Take a BUY trade only if Steel Exchange stays above 11.8, but if it comes below 11.8, then a intra day sell could be more profitable.
If you take a sell trade below 11.8, then use 11.8 as stoploss and 11.29 as target. However if you take a buy trade in Steel Exchange, then use 11.8 as stoploss and 12.5 as target.

10 Thursday September Stock tips for Steel Exchange (STEELXIND) 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 Steel Exchange STEELXIND gave a large move recently.

Although my analysis for Steel Exchange 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 12.2, for a target of 11.7 or 11.2

09 Wednesday September Stock tips for Steel Exchange (STEELXIND) 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 Steel Exchange STEELXIND gave a large move recently.

Although my analysis for Steel Exchange 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 11.9, for a target of 11.5 or 11.1

08 Tuesday September Stock tips for Steel Exchange (STEELXIND) Stock is trading above an important moving average line, but it crossed this line recently, which means that it could show a small or a large fall soon enough depending on its trend.

It appears as if Steel Exchange STEELXIND gave a large move recently.

Although my analysis for Steel Exchange 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 11.6, for a target of 11.3 or 11.01

07 Monday September Stock tips for Steel Exchange (STEELXIND) Stock is trading above an important moving average line, but it crossed this line recently, which means that it could show a small or a large fall soon enough depending on its trend.

It appears as if Steel Exchange STEELXIND gave a large move recently.

My analysis of Steel Exchange is bullish for shortterm, but tip for tomorrow is selective. Take a BUY trade only if Steel Exchange stays above 11.2, but if it comes below 11.2, then a intra day sell could be more profitable.
If you take a sell trade below 11.2, then use 11.2 as stoploss and 10.96 as target. However if you take a buy trade in Steel Exchange, then use 11.2 as stoploss and 11.5 as target.

04 Friday September Stock tips for Steel Exchange (STEELXIND) Stock is trading above an important moving average line, but it crossed this line recently, which means that it could show a small or a large fall soon enough depending on its trend.

It appears as if Steel Exchange STEELXIND gave a large move recently.

Although my analysis for Steel Exchange 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 11.4, for a target of 11.2 or 10.93

Steel Exchange STEELXIND tips for tomorrow

Tomorrow's movement Prediction of Steel Exchange STEELXIND is bearish. The stock has broken weekly support. An up move can be expected only after it starts trading above 11.58

Munafa value: 40

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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