Is Steel Exchange India Limited stock a buy or sell right now?

Based on current indicators, Steel Exchange India Limited shows a Buy signal, supported by strong momentum and a confirmed uptrend.

What is Steel Exchange India Limited’s RSI?

RSI is 73.73, indicating overbought levels and potential for a pullback.

What does MACD indicate for STEELXIND.NS?

MACD at 0.57 signals bullish momentum with buyers in control.

What are Steel Exchange India Limited’s key support and resistance levels?

Support sits around $8.17, while resistance is near $10.98.

Steel Exchange India Limited

STEELXIND.NS•NSE

Basic Materials

Steel

₹10.83

₹0.81(8.08%)

Indian Market opens in 11h 41m

Steel Exchange India Limited (STEELXIND.NS) Stock Technical Analysis & Trading Signals

Live technical indicators, trading signals, and momentum insights for Steel Exchange India Limited (NSE:STEELXIND.NS).

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

STEELXIND.NS Technical Analysis Summary

Steel Exchange India Limited stock currently shows a bullish trend, supported by momentum and strong buying pressure.

Overall Sentiment:Buy

Momentum:Bullish to Bearish Risk (RSI: 73.73)

Trend Strength:Strong (ADX: 38.55)

Volatility:Medium (ATR: 0.48)

Support/Resistance:$8.17 – $10.98 (Bollinger Bands)

This mix signals that Steel Exchange India Limited is trading in a balanced range with no clear breakout yet.

Momentum Indicators

RSI (14): 73.73

Bearish

Overbought, selling pressure may emerge.

Stochastic %K: 71.00

Bullish

Buying momentum building without extremes.

Williams %R: -7.55

Bearish

Overbought levels may trigger correction.

Rate of Change (ROC): 20.67

Strongly Bullish

Strong upside momentum.

Takeaway:Steel Exchange India Limited shows strong bullish momentum, with buyers firmly in control.

Trend & Volatility

MACD: 0.57

Bullish

Bullish, trend momentum is strengthening.

ADX: 38.55

Strong

Strong trend, momentum well established.

ATR (14): 0.48

Low

Low volatility, stable price action.

CCI (14): 118.34

Bearish Risk

Bearish risk, overbought levels suggest caution.

Takeaway:Steel Exchange India Limited shows a firm trend supported by momentum, though one signal suggests caution.

Support & Resistance indicators

Bollinger Bands

Upper Band

$10.98

Middle Band (SMA 20)

$9.58

Lower Band

$8.17

Current Position

Within Bands

Takeaway:Steel Exchange India Limited trades closer to resistance, supported by stronger momentum within bands.

Keltner Channels

Upper Channel

$10.53

Middle Line (EMA 20)

$9.58

Lower Channel

$8.63

Squeeze Status

No Squeeze

Takeaway:Steel Exchange India Limited trades near the upper channel, signaling resistance and risk of pullback.

Volume & Money Flow Analysis

On-Balance Volume49.83M

Money Flow Index84.33Bearish risk, overbought conditions may trigger pullback.

Relative Vigor Index61.57Bullish, price momentum strongly favors buyers.

Overall Takeaway:STEELXIND.NS shows overheated money flow, with risk of pullback from overbought conditions.

Technical Trading Signals Summary

Based on the current technical analysis of Steel Exchange India Limited, here are the key trading signals and recommendations:

Bullish Signals

RSI above 50 → positive momentum from buyers.

MACD above 0 → bullish trend confirmation.

ADX above 20 → strong underlying trend.

Price trading above middle Bollinger Band → mid-term support intact.

Bearish Signals

Price near upper Bollinger Band → potential resistance and pullback risk.

MFI above 80 → overbought conditions may limit upside.

Overall Recommendation:Steel Exchange India Limited currently shows a Buy with caution signal — momentum and trend strength are positive, but price is close to resistance and may face short-term pullbacks.