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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)

10 day averaged volume of Sh Steel is 8844

Date	Daily Closing Price	Open	High	Low	Volume
05 Mon Jun 2023	38.48	35.99	38.48	35.00	1.054 times
02 Fri Jun 2023	34.99	36.00	36.00	33.00	0.258 times
01 Thu Jun 2023	33.34	34.90	35.95	32.46	0.417 times
31 Wed May 2023	33.40	30.90	34.60	30.88	1.66 times
30 Tue May 2023	34.31	34.33	34.33	34.31	0.379 times
29 Mon May 2023	38.12	39.94	39.94	35.79	1.327 times
26 Fri May 2023	38.83	39.76	41.99	37.99	0.229 times
25 Thu May 2023	39.76	40.72	42.95	39.00	1.232 times
24 Wed May 2023	40.72	40.10	43.79	38.50	0.64 times
23 Tue May 2023	40.85	43.99	43.99	40.52	0.477 times

My analysis of stock is bullish for shortterm, but stock is in semi over bought zones and there are some chances of seeing a fall tomorrow. Use 40 as stoploss in an intra day sell trade for a target of 35.63. However, stock will show a bullish move above 40.

Share price targets for Sh Steel (ShSteel)

Target Type	Value
Downside Target	25.68
Downside Target	26.35
Downside Target	27.00
Downside Target	28.20
Downside Target	29.05
Downside Target	30.44
Downside Target	32.46
Downside Target	33.80
Downside Target	35.00
Downside Target	37.99
Downside Target	38.48
Upside Target	39.94
Upside Target	44.00
Upside Target	46.40

Intraday share price targets for Sh Steel (ShSteel)

Target Type	Value
Downside Intraday Target	36.16
Downside Intraday Target	33.84
Upside Intraday Target	39.64
Upside Intraday Target	40.8
Downside Intraday Target	37.32

Weekly technical analysis of Sh Steel (ShSteel)

Date	Weekly Closing Price	Open	High	Low	Volume
05 Mon Jun 2023	38.48	35.99	38.48	35.00	0.261 times
02 Fri Jun 2023	34.99	39.94	39.94	30.88	0.678 times
26 Fri May 2023	38.83	46.40	46.40	37.99	0.411 times
19 Fri May 2023	43.20	30.45	44.00	29.05	22.19 times
12 Fri May 2023	30.38	28.50	30.45	28.35	0.784 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
05 Mon Jun 2023	38.48	34.90	38.48	32.46	0.068 times
31 Wed May 2023	33.40	30.00	46.40	28.20	7.943 times
28 Fri Apr 2023	29.99	27.00	30.44	26.35	0.67 times
31 Fri Mar 2023	27.94	29.85	30.50	25.68	0.371 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)

Price action analysis of Sh Steel ( (ShSteel) ) based on a short term time period is positive, but buyers have become active on the stock recently. This cannot be a definite uptrend, specially if selected time duration is small.

Price action analysis of Sh Steel ( (ShSteel) ) based on a short term time period is positive, but trend is highly volatile. A longer time period analysis might give a better idea of the trend.

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 Weak and stock is gaining momentum.

MACD generated a SELL signal for Sh Steel in short term but the sell signal is initial and weak.

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. Bears are weakening, and bulls 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 but BUY signal is weak.

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 37.27 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 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 positive

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