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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 2022-01-07 View latest technical analysis

10 day averaged volume of Sh Steel is 4698

Date Daily Closing Price Open High Low Volume
07 Fri Jan 2022 26.10 26.25 27.40 25.55 0.663 times
06 Thu Jan 2022 26.10 24.95 26.95 24.30 0.859 times
05 Wed Jan 2022 24.95 26.40 26.50 24.50 0.505 times
04 Tue Jan 2022 26.05 24.75 27.30 24.75 4.173 times
03 Mon Jan 2022 24.75 25.00 25.00 24.05 1.019 times
31 Fri Dec 2021 24.40 24.05 25.00 24.00 0.653 times
30 Thu Dec 2021 24.55 23.55 25.35 23.40 1.506 times
29 Wed Dec 2021 23.95 24.45 24.45 23.40 0.332 times
28 Tue Dec 2021 24.10 24.50 24.60 23.50 0.195 times
27 Mon Dec 2021 24.55 23.55 24.70 23.30 0.627 times

Although my analysis for stock is bullish for shortterm, but stock is over bought and there are high chances of some profit booking tomorrow. You might want to sell the stock tomorrow in intra day with a stoploss of 26.4, for a target of 25.4 or 24.54

Share price targets for Sh Steel (ShSteel)

Target Type Value
Downside Target 20.25
Downside Target 21.05
Downside Target 22.00
Downside Target 22.95
Downside Target 24.05
Downside Target 25.30
Downside Target 25.75
Upside Target 27.40
Upside Target 27.65
Upside Target 28.55
Upside Target 28.70

Intraday share price targets for Sh Steel (ShSteel)

Target Type Value
Downside Intraday Target 24.3
Downside Intraday Target 22.5
Upside Intraday Target 27.65
Upside Intraday Target 29.2
Downside Intraday Target 25.85

Weekly technical analysis of Sh Steel (ShSteel)

Date Weekly Closing Price Open High Low Volume
07 Fri Jan 2022 26.10 25.00 27.40 24.05 2.179 times
31 Fri Dec 2021 24.40 23.55 25.35 23.30 1.879 times
24 Fri Dec 2021 24.00 24.00 25.30 22.95 0.551 times
17 Fri Dec 2021 23.00 25.05 25.60 22.95 3.186 times
10 Fri Dec 2021 24.80 23.35 25.75 23.00 0.822 times

Price has moved up this week, and volume has increased substantially. This means that the move can continue in coming weeks.

Monthly technical analysis of Sh Steel (ShSteel)

Date Monthly Closing Price Open High Low Volume
07 Fri Jan 2022 26.10 25.00 27.40 24.05 0.738 times
31 Fri Dec 2021 24.40 23.00 25.75 21.05 0.747 times
30 Tue Nov 2021 24.00 24.40 28.55 20.25 1.181 times
29 Fri Oct 2021 23.40 26.00 27.65 23.00 0.479 times

Scroll below to view daily charts

Price has moved up 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 21, 5, 62 Buy
MACD 1, 0Buy
Stochastics 60None
CCI 125Buy
RSI 48Sell
OBV 27171Sell
VWAP 25Buy
ADL 0Sell
ROC 9Buy
Force Index 0Sell

Price action analysis of Sh Steel ( (ShSteel) ) based on a short term time period is definitely positive! This means that there is a strong uptrend in the stock for the given time period. Buyers are extremely bullish on the stock.

Price action analysis of Sh Steel ( (ShSteel) ) based on a short term time period is definitely positive! This means that there is a strong uptrend in the stock for the given time period. Buyers are extremely bullish on the stock.

Price action analysis of Sh Steel ( (ShSteel) ) based on a short to mid term time period is definitely positive! This means that there is a strong uptrend in the stock for the given time period. Buyers are extremely bullish on the stock.

Price action analysis of Sh Steel ( (ShSteel) ) based on a mid to longer term time period is definitely positive! This means that there is a strong uptrend in the stock for the given time period. Buyers are extremely bullish on the stock.

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

MACD generated a BUY signal for Sh Steel in short term and the buy signal is strong.

MACD line is moving upwards which means that SELL signal is weakening, and buying is picking up momentum.

Sh Steel Stock in short term is moving inside a range for now. Please check in a day or two to for a better buy sell signal. Bulls are getting tired and bears are picking up momentum.

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

CCI has generated a buy signal for Sh Steel in short term and BUY signal is strong.

RSI is generating a SELL signal in short term but selling is losing 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 25.37 and Sh Steel (ShSteel) stock is trading above this level. This is a good sign for the stock and it could move higher. VWAP is rising upwards.

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 is giving positive returns over a short term period. Returns for a longer term period have been positive

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

Click here for Sh Steel charts

Click here for further forecast and predictions for tomorrow

Daily charts

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Daily chart

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