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 3192955, out of which 2059948 went into delivery, which is 64.52 percent of total volumes

Volumes in the last session was 979081, out of which 705527 went into delivery, which is 72.06 percent of total volumes.

Its safe to say that enough delivery is being taken in the stock to conclude that the trend below will continue for a couple of days.

Steel Exchange STEELXIND intraday stock tips

21 Wednesday January Stock tips for Steel Exchange Stock 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...

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

My analysis of Steel Exchange is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if Steel Exchange stays below 8.2, but if it comes above 8.2, then a intra day buy could be more profitable.
If you take a sell trade below 8.2, then use 8.2 as stoploss and 7.6 as target. However if you take a buy trade in Steel Exchange, then use 8.2 as stoploss and 8.68 as target.

20 Tuesday January Stock tips for Steel Exchange Stock 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...

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

My analysis of Steel Exchange is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if Steel Exchange stays below 8.3, but if it comes above 8.3, then a intra day buy could be more profitable.
If you take a sell trade below 8.3, then use 8.3 as stoploss and 7.8 as target. However if you take a buy trade in Steel Exchange, then use 8.3 as stoploss and 8.74 as target.

19 Monday January Stock tips for Steel Exchange Stock 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...

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

My analysis of Steel Exchange is bearish for shortterm, but stock is semi over sold and there are some chances of seeing a recovery tomorrow. Use 8.3 as stoploss in an intra day buy trade for a target of 8.81. However, stock will show a bearish move below 8.3.

16 Friday January Stock tips for Steel Exchange Stock 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...

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

My analysis of Steel Exchange is bearish for shortterm, but stock is semi over sold and there are some chances of seeing a recovery tomorrow. Use 8.3 as stoploss in an intra day buy trade for a target of 8.85. However, stock will show a bearish move below 8.3.

14 Wednesday January Stock tips for Steel Exchange Stock 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...

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

My analysis of Steel Exchange is bearish for shortterm, and stock might move down till 8.3 or till 7.7. Use a stoploss of 8.88 and if the stock hits stoploss, then it can shoot up till 9.43

13 Tuesday January Stock tips for Steel Exchange Stock is trading below an important moving average line, but it crossed this line recently, which means that it could show a small or a large recovery soon enough depending on its trend.

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

My analysis of Steel Exchange is bearish for shortterm, and stock might move down till 8.3 or till 7.6. Use a stoploss of 8.9 and if the stock hits stoploss, then it can shoot up till 9.48

12 Monday January Stock tips for Steel Exchange Stock is trading below an important moving average line, but it crossed this line recently, which means that it could show a small or a large recovery soon enough depending on its trend.

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

My analysis of Steel Exchange is bearish for shortterm, but stock is semi over sold and there are some chances of seeing a recovery tomorrow. Use 8.3 as stoploss in an intra day buy trade for a target of 8.92. However, stock will show a bearish move below 8.3.

Steel Exchange STEELXIND tips for tomorrow

Tomorrow's movement Prediction of Steel Exchange STEELXIND appears undecisive. It can be Bearish or Bullish. You should wait for the first half to take a decision on this stock. If it shows signs of weakness in the latter half, then this trend can continue tomorrow as well. Similarly, if it shows signs of strength in the latter half, then this trend can continue in the next trading session as well.

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 8.3

Munafa value: 44

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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