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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 2022-01-14 View latest technical analysis

10 day averaged volume of Sh Steel is 14385

Date Daily Closing Price Open High Low Volume
14 Fri Jan 2022 30.75 29.80 31.90 29.80 1.117 times
13 Thu Jan 2022 29.85 34.90 34.90 28.50 3.815 times
12 Wed Jan 2022 33.50 31.45 33.50 31.00 2.463 times
11 Tue Jan 2022 27.95 25.25 30.80 25.25 0.926 times
10 Mon Jan 2022 26.25 27.10 27.10 25.05 0.225 times
07 Fri Jan 2022 26.10 26.25 27.40 25.55 0.216 times
06 Thu Jan 2022 26.10 24.95 26.95 24.30 0.281 times
05 Wed Jan 2022 24.95 26.40 26.50 24.50 0.165 times
04 Tue Jan 2022 26.05 24.75 27.30 24.75 1.363 times
03 Mon Jan 2022 24.75 25.00 25.00 24.05 0.333 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 31.6, for a target of 28.5 or 25.86

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 25.57
Downside Intraday Target 20.38
Upside Intraday Target 35.42
Upside Intraday Target 40.08
Downside Intraday Target 30.23

Weekly technical analysis of Sh Steel (ShSteel)

Date Weekly Closing Price Open High Low Volume
14 Fri Jan 2022 30.75 27.10 34.90 25.05 3.625 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
14 Fri Jan 2022 30.75 25.00 34.90 24.05 3.412 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 25, 11, 38 Buy
MACD 3, 2Buy
Stochastics 72Buy
CCI 88Sell
RSI 54Buy
OBV 43310Sell
VWAP 30Buy
ADL 0Sell
ROC 26Buy
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 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 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 but SELL signal is weak.

RSI is generating a BUY signal in short term but buying is losing 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 29.66 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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