(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 2022-01-13 View latest technical analysis
10 day averaged volume of Sh Steel is 9604
| Date | Daily Closing Price | Open | High | Low | Volume |
| 13 Thu Jan 2022 | 29.85 | 34.90 | 34.90 | 28.50 | 5.715 times |
| 12 Wed Jan 2022 | 33.50 | 31.45 | 33.50 | 31.00 | 3.689 times |
| 11 Tue Jan 2022 | 27.95 | 25.25 | 30.80 | 25.25 | 1.387 times |
| 10 Mon Jan 2022 | 26.25 | 27.10 | 27.10 | 25.05 | 0.337 times |
| 07 Fri Jan 2022 | 26.10 | 26.25 | 27.40 | 25.55 | 0.324 times |
| 06 Thu Jan 2022 | 26.10 | 24.95 | 26.95 | 24.30 | 0.42 times |
| 05 Wed Jan 2022 | 24.95 | 26.40 | 26.50 | 24.50 | 0.247 times |
| 04 Tue Jan 2022 | 26.05 | 24.75 | 27.30 | 24.75 | 2.041 times |
| 03 Mon Jan 2022 | 24.75 | 25.00 | 25.00 | 24.05 | 0.499 times |
| 31 Fri Dec 2021 | 24.40 | 24.05 | 25.00 | 24.00 | 0.319 times |
Stock of Sh Steel (ShSteel) has showed a significant fall. This could be a good time to exit from 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 30.8, for a target of 27.9 or 25.47
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 |
| Downside Target | 28.55 |
| Downside Target | 28.70 |
| Upside Target | 34.90 |
Intraday share price targets for Sh Steel (ShSteel)
| Target Type | Value |
| Downside Intraday Target | 24.97 |
| Downside Intraday Target | 20.08 |
| Upside Intraday Target | 34.82 |
| Upside Intraday Target | 39.78 |
| Upside Intraday Target | 29.93 |
Weekly technical analysis of Sh Steel (ShSteel)
| Date | Weekly Closing Price | Open | High | Low | Volume |
| 13 Thu Jan 2022 | 29.85 | 27.10 | 34.90 | 25.05 | 3.151 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, 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 |
| 13 Thu Jan 2022 | 29.85 | 25.00 | 34.90 | 24.05 | 3.063 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, and volume has increased substantially. This means that the move can continue in coming months.
Indicators analysis of Sh Steel (ShSteel)
| Indicator Name | Indicator Value | Indicator Signal |
| ADX | 27, 12, 39 | Buy |
| MACD | 2, 1 | Buy |
| Stochastics | 72 | Buy |
| CCI | 127 | Sell |
| RSI | 54 | Buy |
| OBV | 28366 | Sell |
| VWAP | 29 | Buy |
| ADL | 0 | Sell |
| ROC | 22 | Buy |
| Force Index | 0 | Sell |
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 losing 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 is trading near its recent HIGHS, which reflects strong buying momentum in short term! 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 SELL signal for Sh Steel in short term but SELL signal is weak.
RSI is generating a BUY signal in short term but buying 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 29.42 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.
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