Advertisement
Loading...

Bajaj Steel Industries Limited

BAJAJST.BO•BSE
Basic Materials
Agricultural Inputs
₹373.00
₹3.50(0.95%)
Indian Market opens in NaNh NaNm
Advertisement

Bajaj Steel Industries Limited (BAJAJST.BO) Stock Technical Analysis & Trading Signals

Live technical indicators, trading signals, and momentum insights for Bajaj Steel Industries Limited (BSE:BAJAJST.BO).

Disclaimer for Technical Analysis Page

The technical indicators and trading signals shown on this page are for informational purposes only and do not constitute financial advice. Stock market investments involve risk, and past performance is not a guarantee of future results. Always conduct your own research or consult a licensed financial advisor before making investment decisions.Read our Full Disclaimer

BAJAJST.BO Technical Analysis Summary

Bajaj Steel Industries Limited stock currently shows a bearish trend, weighed down by selling pressure and weak momentum.

Overall Sentiment:Sell
Momentum:Bearish to Weak (RSI: 32.92)
Trend Strength:Moderate (ADX: 26.26)
Volatility:High (ATR: 21.38)
Support/Resistance:$374.31 – $464.10 (Bollinger Bands)

Overall, Bajaj Steel Industries Limited remains neutral, with indicators showing mixed momentum.

Momentum Indicators

RSI (14): 32.92

Bearish
Below midpoint indicates downward pressure.

Stochastic %K: 10.55

Bullish
Oversold zone signals rebound potential.

Williams %R: -94.36

Bullish
Oversold zone suggests rebound potential.

Rate of Change (ROC): -15.32

Strongly Bearish
Sharp downside momentum.

Takeaway:Bajaj Steel Industries Limited shows strong bearish momentum, signaling downside pressure.

Trend & Volatility

MACD: -13.07

Bearish
Bearish, trend momentum is strengthening to the downside.

ADX: 26.26

Moderate
Moderate trend, direction gaining strength.

ATR (14): 21.38

Rising
Rising volatility, market activity increasing.

CCI (14): -239.65

Bearish
Bearish, oversold conditions may spark rebound.

Takeaway:Bajaj Steel Industries Limited shows oversold trend conditions, with potential for rebound if buyers step in.

Support & Resistance indicators
Bollinger Bands
Upper Band
$464.10
Middle Band (SMA 20)
$419.21
Lower Band
$374.31
Current Position
Below Lower Band

Takeaway:Bajaj Steel Industries Limited trades near the lower band, signaling oversold conditions and potential rebound.

Keltner Channels
Upper Channel
$457.21
Middle Line (EMA 20)
$414.46
Lower Channel
$371.70
Squeeze Status
No Squeeze

Takeaway:Bajaj Steel Industries Limited trades below the trend line, showing weaker momentum inside the channel.

Volume & Money Flow Analysis
On-Balance Volume107.73K
Money Flow Index17.36Bullish, oversold conditions signal rebound potential.
Relative Vigor Index49.74Neutral to Bearish, sellers hold a slight edge.

Overall Takeaway:BAJAJST.BO shows bearish money flow, with sellers dominating volume and vigor.

Technical Trading Signals Summary
Based on the current technical analysis of Bajaj Steel Industries Limited, here are the key trading signals and recommendations:

Bullish Signals

ADX above 20 → strong underlying trend.

MFI below 80 → room for more buying without overbought risk.

Bearish Signals

MACD below signal line → short-term caution on momentum.

RVI below 50 → vigor tilted toward sellers.

Overall Recommendation:Bajaj Steel Industries Limited shows a Strong Sell signal — momentum, volume, and volatility confirm strong selling pressure.

Technical Analysis FAQ