STEELXIND· Materials› Iron & Steel

Steel Exchange India Ltd

Stage 3 · Topping · week 8

As of 16 Oct 2026, Steel Exchange India is in Stage 3 — topping, where an uptrend loses steam, in week 8 (since 20 Aug 2026). It closed at ₹10.23, 23.6% below its 52-week high and above its 200-day average, which is rising. In Materials, 34.1% of stocks are in Stage 2.

Steel Exchange India Limited engages in the manufacture and sale of steel products under the SIMHADRI TMT brand name in India. More about the company

₹10.2
-0.10% today
₹1,305 Cr · Small cap
Market Neutral — FadingMaterials 34.1% in Stage 2-2.9 pts / 20dIron & Steel 36.7%+1.3 pts

Pro read

Pro

Our read

Topping — the uptrend is tiring

Setup score

—

Momentum

Steady

Edge

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Is STEELXIND early, or has it already run? Pro answers that for every NSE stock, after every close.

₹2,999 · 12 months₹1,999 · 6 months
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vs 52W High
-23.6%
₹7 lo₹13.4 hi
23.6% below 52W high — weakening from peak
Stock is rolling over from its 52W high. Stage 3 distribution — new longs are high risk here.
Stage Maturity
Week 8
1w13w26w
Week 8 — distribution, avoid new longs
How long this stock has been in Stage 3 distribution. Longer tops often precede deeper Stage 4 declines.
vs 200 DMA
0.9%
200 DMA: ₹10.1 · rising
Stock is losing its 200 DMA. Once lost, it confirms Stage 4 risk. This is a major red flag for existing holders.
Rel Volume
0.26x
vs 50-day avg
Volume spikes on down days during Stage 3 signal distribution — institutions are exiting. A clear warning to avoid new longs.
Trend Health
↓
MA20 rolling over · -4.2% vs MA50 -2.5%
Two-layer momentum read: the glyph shows whether the 20-day MA is rising (↑/↗), flat (→), or rolling over (↓). The ⇈ flag fires when the 20-day MA is pulling away from the 50-day MA — short-term momentum building on top of the longer trend. Best when both glyphs agree.
1M
-7.6%
3M
-15.0%
6M
+15.7%
YTD
+22.4%
1Y
-2.5%
Sector
Materials
↓ Peaking
Stage 2%
34.1%
20d Δ
-2.9pp
1M return
-1.6%
3M return
-2.6%
Sector Stage-2 % · last 20 days
Sector has 153 Stage 2 leaders. See Materials Stage 2 →
Industry
Iron & Steel
↑ Building
Stage 2%
36.7%
20d Δ
+1.3pp
1M return
-0.1%
3M return
+2.9%
Industry Stage-2 % · last 20 days
Industry has 28 Stage 2 leaders. See Iron & Steel Stage 2 →
Stage Cycle Timeline2023-07-20 → 2026-10-16
S4 18w
S3 16w
S4 36w
S4 18w
2023-07-202026-10-16
S1S2S3S4Setup score (0–10, dashed line at 5)
S3 3w → S4 18w → S1 8w → S2 10w → S3 16w → S2 5w → S3 1w → S4 36w → S1 9w → S2 8w → S3 11w → S4 18w → S1 5w → S2 12w → S3 8w current
Total tracked: 168 weeks across 15 stage runs.
Scan Membership
Breakout Watch
Latest: 2026-05-26
4 appearances in last 60 days. First seen: 2024-02-13.
A stock that keeps qualifying week after week does so because its Stage 2 structure keeps holding — staying power in the scan says more about the trend than any single appearance.
Recent Stage Timeline
2026-10-16S3
Wk 8 · Vol 0.26x
2026-10-15S3
Wk 8 · Vol 0.57x
2026-10-14S3
Wk 8 · Vol 1.30x
2026-10-13S3
Wk 8 · Vol 1.90x
2026-10-12S3
Wk 8 · Vol 0.46x
2026-10-09S3
Wk 7 · Vol 0.81x
2026-10-08S3
Wk 7 · Vol 2.59x
2026-10-07S3
Wk 7 · Vol 1.57x
2026-10-06S3
Wk 7 · Vol 0.80x
2026-10-05S3
Wk 7 · Vol 1.02x
2026-10-01S3
Wk 6 · Vol 0.78x
2026-09-30S3
Wk 6 · Vol 1.24x
Sector Peers — Stage 2All →
OCCLLTD
wk 17 · -16.3% from hi
9.0
MUKANDLTD
wk 21 · -7.5% from hi
8.9
SUNFLAG
wk 3 · -9.3% from hi
8.8
CUBEXTUB
wk 2 · 0.0% from hi
8.7
NRL
wk 17 · 0.0% from hi
8.6
Moving averages & range
50 DMA
₹11
200 DMA
₹10.1
52W High
₹13.4
52W Low
₹7
5D Low
₹10.2
Resistance levels (recent highs)
20d High
₹12
60d High
₹12.2
120d High
₹13.4
250d High
₹13.4
Next resistance
+17.4%
to 20d High
Ask the Market AI about STEELXINDAsk →
P/E (TTM)
74.8
Forward —
Earnings Growth (YoY)
+150.0%
Revenue -1.3%
ROE
+3.7%
Profit margin +2.5%
About this companyMaterials· Iron & Steel

Steel Exchange India Limited engages in the manufacture and sale of steel products under the SIMHADRI TMT brand name in India. It operates through Iron and Steel, and Power segments. The company offers rebars; billets and ingots; sponge iron and pig iron; steel scrap; iron ore; and pillets. It also deals in a range of steel products, including semis, coal, scrap, and others. In addition, the company generates and sell power from waste heat recovery boilers. Steel Exchange India Limited was incorporated in 1999 and is based in Visakhapatnam, India.

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All analytics based on EOD data. Data as of 2026-10-16. Past data patterns are not indicative of future results. This page is a data analytics tool only.