STEELXIND · Materials · 2026-08-21

Steel Exchange India Ltd

Stage 3 · wk 1In scan: Breakout WatchMARKET: BULL RISING · 2026-08-21
₹10.6
+0.57% today
₹1,352 Cr · Small cap
About this companyMaterials· Iron & Steel
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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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P/E (TTM)
74.8
Forward —
Earnings Growth (YoY)
+150.0%
Revenue -1.3%
ROE
+3.7%
Profit margin +2.5%
vs 52W High
-20.8%
₹7 lo₹13.4 hi
20.8% 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 1
1w13w26w
Week 1 — early distribution
How long this stock has been in Stage 3 distribution. Longer tops often precede deeper Stage 4 declines.
vs 200 DMA
9.4%
200 DMA: ₹9.7 · 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
0.35x
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 · -5.1% vs MA50 -1.0%
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.
Sector
Materials
↑ Building
Stage 2%
39.3%
20d Δ
+8.0pp
1M return
+2.7%
3M return
+1.4%
Sector Stage-2 % · last 20 days
Sector has 158 Stage 2 leaders. See Materials Stage 2 →
Industry
Iron & Steel
↓ Peaking
Stage 2%
39.4%
20d Δ
-2.0pp
1M return
+3.8%
3M return
+2.0%
Industry Stage-2 % · last 20 days
Industry has 28 Stage 2 leaders. See Iron & Steel Stage 2 →
Price + Volume Chart
Loading price chart…
Stage Cycle Timeline2023-05-29 → 2026-08-21
S4 18w
S3 16w
S4 36w
S4 18w
2023-05-292026-08-21
S1S2S3S4Setup score (0–10, dashed line at 5)
S2 5w → S3 5w → 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 1w current
Total tracked: 168 weeks across 16 stage runs.
1M
-7.3%
3M
+2.0%
6M
+34.3%
YTD
+12.4%
1Y
+1.5%
Scan Membership
Breakout Watch
Latest: 2026-05-26
4 appearances in last 60 days. First seen: 2024-02-13.
Stocks that stay in the scan for 13+ weeks are in the highest observed-return cohort — they keep qualifying because the structure remains intact, not by luck. Persistence in the scan is itself a quality signal.
Recent Stage Timeline
2026-08-21S3
Wk 1 · Vol —x
2026-08-20S32→3
Wk 1 · Vol —x
2026-08-19S2
Wk 12 · Vol —x
2026-08-18S2
Wk 12 · Vol —x
2026-08-17S2
Wk 12 · Vol —x
2026-08-14S2
Wk 12 · Vol —x
2026-08-13S2
Wk 12 · Vol —x
2026-08-12S2
Wk 11 · Vol —x
2026-08-11S2
Wk 11 · Vol —x
2026-08-10S2
Wk 11 · Vol —x
2026-08-07S2
Wk 11 · Vol —x
2026-08-06S2
Wk 11 · Vol —x
Sector Peers — Stage 2All →
COMSYN
wk 10 · -1.2% from hi
9.6
GULFPETRO
wk 9 · -0.5% from hi
9.6
MMP
wk 11 · -1.1% from hi
9.4
SIGIND
wk 2 · -1.4% from hi
9.2
SBCL
wk 15 · -10.1% from hi
9.0
Moving averages & range
50 DMA
₹11.8
200 DMA
₹9.7
52W High
₹13.4
52W Low
₹7
5D Low
₹10.5
Resistance levels (recent highs)
20d High
₹11.6
60d High
₹13.4
120d High
₹13.4
250d High
₹13.4
Next resistance
+9.2%
to 20d High

All analytics based on EOD data. Data as of 2026-08-21. Past data patterns are not indicative of future results. This page is a data analytics tool only.