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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 2022-01-11 View latest technical analysis

10 day averaged volume of Sh Steel is 4977

Date Daily Closing Price Open High Low Volume
11 Tue Jan 2022 27.95 25.25 30.80 25.25 2.676 times
10 Mon Jan 2022 26.25 27.10 27.10 25.05 0.651 times
07 Fri Jan 2022 26.10 26.25 27.40 25.55 0.626 times
06 Thu Jan 2022 26.10 24.95 26.95 24.30 0.811 times
05 Wed Jan 2022 24.95 26.40 26.50 24.50 0.476 times
04 Tue Jan 2022 26.05 24.75 27.30 24.75 3.939 times
03 Mon Jan 2022 24.75 25.00 25.00 24.05 0.962 times
31 Fri Dec 2021 24.40 24.05 25.00 24.00 0.616 times
30 Thu Dec 2021 24.55 23.55 25.35 23.40 1.421 times
29 Wed Dec 2021 23.95 24.45 24.45 23.40 0.314 times

Stock of Sh Steel (ShSteel) has showed a significant upmove. This could be a good time to enter in this stock!

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 27.3, for a target of 25.9 or 24.74

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 25.05
Downside Target 25.75
Downside Target 27.40
Downside Target 27.65
Upside Target 28.55
Upside Target 28.70
Upside Target 30.80

Intraday share price targets for Sh Steel (ShSteel)

Target Type Value
Downside Intraday Target 25.07
Downside Intraday Target 22.18
Upside Intraday Target 30.82
Upside Intraday Target 33.68
Downside Intraday Target 27.93

Weekly technical analysis of Sh Steel (ShSteel)

Date Weekly Closing Price Open High Low Volume
11 Tue Jan 2022 27.95 27.10 30.80 25.05 0.488 times
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

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
11 Tue Jan 2022 27.95 25.00 30.80 24.05 1.098 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 31, 6, 70 Buy
MACD 1, 1Buy
Stochastics 67None
CCI 174Buy
RSI 50Buy
OBV 39914Sell
VWAP 26Buy
ADL 0Sell
ROC 16Buy
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 moving up

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

RSI is generating a BUY signal in short term and the buying is gaining momentum.

MRSI is in positive zone. This is a BUY zone

Although the stock is in the BUY zone, but buying 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 26.03 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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