Is ZENITH STEEL PIPES & INDUSTRIES in uptrend or downtrend?

In the short term price movements in ZENITHSTL share indicates the market is Bearish but has taken halt for sometime.

What are ZENITH STEEL PIPES & INDUSTRIES support and resistance levels?

The resistance level is an area where sellers get activated. It varies by the time frame of the analysis. For Zenith Steel Pipes & Industries Limited in the short-term, the supply zone around 6 and 10. Hence, good chances of resistance around 10. The support level is an area where buyers get activated at an attractive price zone to buy. It's a price zone where buyers wait for the market to reach to trigger their buy orders. The demand zone for Zenith Steel Pipes & Industries Limited share is around 5 and 10. Hence, good chances for support around 10.

Why is ZENITH STEEL PIPES & INDUSTRIES share price falling today?

Latest analysis on ZENITHSTL stock suggest, as per it's price structure, it is making lower highs and lower lows on intraday charts. This represents bearishness. That's why ZENITHSTL stock is having a fall today.

ZENITH STEEL PIPES & INDUSTRIES Share Price | Forecast Analysis

Q: What is ZENITH STEEL PIPES & INDUSTRIES share price forecast for tomorrow?

In Zenith Steel Pipes & Industries Limited stock current resistance level is at 6 and support level is at 5. Though market is closer to support level there are good chances till these ranges are broken, market would stay Bearish.

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