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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 2022-11-16 View latest technical analysis

10 day averaged volume of Sh Steel is 22753

Date Daily Closing Price Open High Low Volume
16 Wed Nov 2022 28.00 29.50 29.50 27.05 0.303 times
15 Tue Nov 2022 27.55 27.50 28.15 25.60 0.466 times
14 Mon Nov 2022 26.70 29.75 29.75 26.65 0.196 times
11 Fri Nov 2022 28.10 28.70 28.70 25.20 1.123 times
10 Thu Nov 2022 28.00 33.00 33.00 27.60 2.353 times
09 Wed Nov 2022 30.45 28.30 30.45 28.30 5.06 times
07 Mon Nov 2022 25.40 25.45 26.00 25.00 0.392 times
04 Fri Nov 2022 24.00 24.00 24.00 24.00 0.02 times
03 Thu Nov 2022 24.20 23.30 24.75 23.25 0.212 times
02 Wed Nov 2022 24.45 24.30 24.90 23.05 0.154 times

My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 27.4, but if it comes below 27.4, then a intra day sell could be more profitable.
If you take a sell trade below 27.4, then use 27.4 as stoploss and 25.5 as target. However if you take a buy trade in stock , then use 27.4 as stoploss and 29.7 as target.

Share price targets for Sh Steel (ShSteel)

Target Type Value
Downside Target 20.10
Downside Target 21.60
Downside Target 22.25
Downside Target 23.05
Downside Target 24.45
Downside Target 25.00
Downside Target 25.40
Downside Target 25.50
Downside Target 25.60
Upside Target 28.90
Upside Target 29.75
Upside Target 33.00

Intraday share price targets for Sh Steel (ShSteel)

Target Type Value
Downside Intraday Target 25.82
Downside Intraday Target 23.63
Upside Intraday Target 29.97
Upside Intraday Target 31.93
Downside Intraday Target 27.78

Weekly technical analysis of Sh Steel (ShSteel)

Date Weekly Closing Price Open High Low Volume
16 Wed Nov 2022 28.00 29.75 29.75 25.60 0.108 times
11 Fri Nov 2022 28.10 25.45 33.00 25.00 18.313 times
04 Fri Nov 2022 24.00 25.40 25.40 23.05 3.197 times
28 Fri Oct 2022 24.35 25.40 25.40 23.50 2.224 times
21 Fri Oct 2022 24.05 24.45 25.40 23.10 0.219 times

Price has moved down 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
16 Wed Nov 2022 28.00 24.10 33.00 23.05 11.791 times
31 Mon Oct 2022 23.80 24.25 25.50 20.10 0.204 times
30 Fri Sep 2022 23.20 23.80 28.90 22.25 4.289 times
30 Tue Aug 2022 22.80 24.00 24.45 21.65 0.602 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 36, 16, 40 Buy
MACD 2, 1Buy
Stochastics 44None
CCI 53Buy
RSI 56Buy
OBV 102674Sell
VWAP 29Sell
ADL 0Sell
ROC 14Buy
Force Index 0Sell

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 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 to mid 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 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. Bears are getting stronger in this stock.

Ichimoku cloud is of green color and prices are in or below the green 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 but buying is losing momentum.

MRSI is in negative zone. This is the SELL 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 28.93 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 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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