(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 2022-05-20 View latest technical analysis
10 day averaged volume of Sh Steel is 2011
|Date||Daily Closing Price||Open||High||Low||Volume|
|20 Fri May 2022||21.60||21.80||22.90||21.30||5.365 times|
|19 Thu May 2022||21.80||22.05||23.45||20.50||1.092 times|
|18 Wed May 2022||23.40||22.20||24.00||22.00||0.855 times|
|17 Tue May 2022||22.45||22.45||23.90||22.30||0.829 times|
|16 Mon May 2022||22.45||23.60||24.95||21.65||0.897 times|
|13 Fri May 2022||23.00||22.10||23.25||21.50||0.6 times|
|12 Thu May 2022||21.40||21.60||21.70||21.00||0.734 times|
|11 Wed May 2022||22.15||23.25||23.25||22.00||1.904 times|
|10 Tue May 2022||23.55||23.40||24.75||23.40||1.152 times|
|09 Mon May 2022||23.55||25.00||25.00||23.20||0.801 times|
Stock of Sh Steel (ShSteel) has showed a significant fall. This could be a good time to exit from this stock.
My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 22.3, but if it comes above 22.3, then a intra day buy could be more profitable.
If you take a sell trade below 22.3, then use 22.3 as stoploss and 21.1 as target. However if you take a buy trade in stock , then use 22.3 as stoploss and 23.27 as target.
Share price targets for Sh Steel (ShSteel)
Intraday share price targets for Sh Steel (ShSteel)
|Downside Intraday Target||19.75|
|Downside Intraday Target||17.9|
|Upside Intraday Target||24.2|
|Upside Intraday Target||26.8|
|Upside Intraday Target||22.35|
Weekly technical analysis of Sh Steel (ShSteel)
|Date||Weekly Closing Price||Open||High||Low||Volume|
|20 Fri May 2022||21.60||23.60||24.95||20.50||1.742 times|
|13 Fri May 2022||23.00||25.00||25.00||21.00||0.74 times|
|06 Fri May 2022||24.50||24.40||26.00||23.05||0.538 times|
|29 Fri Apr 2022||23.60||25.55||26.00||21.70||4.078 times|
|22 Fri Apr 2022||24.15||25.45||25.95||23.65||0.873 times|
Price has moved down 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|
|20 Fri May 2022||21.60||24.40||26.00||20.50||0.556 times|
|29 Fri Apr 2022||23.60||23.00||28.80||21.70||1.108 times|
|31 Thu Mar 2022||23.10||23.55||27.90||22.05||1.391 times|
|28 Mon Feb 2022||24.40||27.50||29.95||22.50||0.229 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||16, 18, 7||Sell|
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 negative, but trend is highly volatile. A longer duration price action analysis might give a better picture of the trend in this stock.
Price action analysis of Sh Steel ( (ShSteel) ) based on a short to mid 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 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 Weak 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 in short term is moving inside a range for now. Please check in a day or two to for a better buy sell signal. 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 coming down
CCI has generated a buy signal for Sh Steel in short term but BUY signal is weak.
RSI is generating a SELL signal in short term but selling is losing momentum.
MRSI is in positive zone. This is a BUY zone
Stock of Sh Steel is picking up buying momentum according to indicator.
Volume based indicators are showing selling momentum.
Volume Weighted Averaged Price (VWAP) for short term is 22.22 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.