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(ShSteel) Sh Steel complete technical analysis [charts+indicators] | Buy/Sell Sh Steel | (ShSteel) share price targets

Complete technical analysis of Sh Steel (ShSteel) by charts plus indicators, forecast predictions and share price targets for Sh Steel (ShSteel)

Showing technical analysis as on 2021-11-29 View latest technical analysis

10 day averaged volume of Sh Steel is 1433

Date Daily Closing Price Open High Low Volume
29 Mon Nov 2021 23.15 23.05 24.00 22.50 0.357 times
26 Fri Nov 2021 23.10 24.25 24.60 22.90 2.314 times
25 Thu Nov 2021 24.70 23.20 24.90 23.20 0.419 times
24 Wed Nov 2021 24.05 24.30 24.30 23.05 1.059 times
23 Tue Nov 2021 24.35 24.40 24.40 23.15 1.167 times
22 Mon Nov 2021 23.75 23.35 24.80 23.10 0.573 times
18 Thu Nov 2021 23.30 24.10 26.40 22.90 1.977 times
17 Wed Nov 2021 25.40 24.70 25.45 24.70 0.444 times
16 Tue Nov 2021 25.20 24.95 25.55 23.50 0.3 times
15 Mon Nov 2021 24.95 26.40 26.40 23.25 1.647 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 23.6, but if it comes above 23.6, then a intra day buy could be more profitable.
If you take a sell trade below 23.6, then use 23.6 as stoploss and 22.5 as target. However if you take a buy trade in stock , then use 23.6 as stoploss and 24.61 as target.

Share price targets for Sh Steel (ShSteel)

Target Type Value
Downside Target 20.25
Downside Target 22.00
Downside Target 22.50
Upside Target 24.90
Upside Target 26.40
Upside Target 27.65
Upside Target 27.95
Upside Target 28.55
Upside Target 28.70
Upside Target 34.70
Upside Target 35.00

Intraday share price targets for Sh Steel (ShSteel)

Target Type Value
Downside Intraday Target 22.43
Downside Intraday Target 21.72
Upside Intraday Target 23.93
Upside Intraday Target 24.72
Upside Intraday Target 23.22

Weekly technical analysis of Sh Steel (ShSteel)

Date Weekly Closing Price Open High Low Volume
29 Mon Nov 2021 23.15 23.05 24.00 22.50 0.065 times
26 Fri Nov 2021 23.10 23.35 24.90 22.90 1.267 times
18 Thu Nov 2021 23.30 26.40 26.40 22.90 0.639 times
12 Fri Nov 2021 26.25 25.05 27.95 23.80 0.287 times
04 Thu Nov 2021 24.30 24.40 28.55 20.25 4.589 times

Price has moved up this week, but volume has not increased substantially. This means that the move can be temporary and might not continue in coming weeks.

Monthly technical analysis of Sh Steel (ShSteel)

Date Monthly Closing Price Open High Low Volume
29 Mon Nov 2021 23.15 24.40 28.55 20.25 1.126 times
29 Fri Oct 2021 23.40 26.00 27.65 23.00 0.479 times
30 Thu Sep 2021 25.90 25.85 28.70 22.00 0.597 times
31 Tue Aug 2021 25.60 32.95 34.70 23.35 0.442 times

Scroll below to view daily charts

Price has moved down this month, but volume has not increased substantially. This means that the move can be temporary and might not continue in coming months.

Indicators analysis of Sh Steel (ShSteel)

Indicator Name Indicator Value Indicator Signal
ADX 12, 18, 21 Sell
MACD -1, -0Sell
Stochastics 22Sell
CCI -130Sell
RSI 43Sell
OBV 8952Sell
VWAP 24Sell
ADL 0Sell
ROC -12Sell
Force Index 0Sell

Price action analysis of Sh Steel ( (ShSteel) ) based on a short term time period is negative, but sellers have recently become active on the stock. This cannot be called a strong downtrend, specially if selected time duration is small

Price action analysis of Sh Steel ( (ShSteel) ) based on a short term time period is definitely negative. This means that there is a strong downtrend in the stock for given time period. Sellers are extremely active on this stock.

Price action analysis of Sh Steel ( (ShSteel) ) based on a short to mid term time period is definitely negative. This means that there is a strong downtrend in the stock for given time period. Sellers are extremely active on this stock.

Price action analysis of Sh Steel ( (ShSteel) ) based on a mid to longer term time period is definitely negative. This means that there is a strong downtrend in the stock for given time period. Sellers are extremely active on this stock.

ADX buy sell signal for Sh Steel stock for short term is SELL. Signal strength is Strong and stock is gaining momentum.

MACD generated a SELL signal for Sh Steel in short term and the sell signal is strong.

Sh Steel Stock is trading near its recent LOWS in short term which reflects strong selling momentum. Bears are getting stronger in this stock.

Ichimoku cloud is of red color and prices are in or above the red cloud Prices appear to be moving up

CCI has generated a SELL signal for Sh Steel in short term and SELL signal is strong!

RSI is generating a SELL signal in short term and selling is picking up momentum.

MRSI is in negative zone. This is the SELL zone

Although the stock is in the SELL zone, but selling might be slowing down

Stock of Sh Steel is picking up selling momentum according to indicator.

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 23.94 and Sh Steel (ShSteel) stock is trading below this level. This means that stock is falling with high volumes. VWAP is falling down

People seem to be coming out and selling the Sh Steel (ShSteel) stock. Volume based technical analysis of Sh Steel (ShSteel) stock is negative.

Sh Steel Stock has given negative returns over a short term period. Returns for a longer term period have been negative.

Force Index is moving in a negative zone, which indicates selling momentum for short term... Selling momentum is getting weaker.

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Daily charts

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Daily chart

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