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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 3361

Date Daily Closing Price Open High Low Volume
18 Thu Jul 2024 38.47 39.47 39.65 38.00 0.195 times
16 Tue Jul 2024 38.70 38.99 39.00 38.45 0.19 times
15 Mon Jul 2024 38.93 39.82 39.82 36.00 1.073 times
12 Fri Jul 2024 39.04 39.03 39.90 38.75 0.873 times
11 Thu Jul 2024 39.03 40.60 40.60 38.00 3.547 times
10 Wed Jul 2024 39.13 41.50 41.50 39.11 0.504 times
09 Tue Jul 2024 39.88 39.58 40.00 38.65 1.145 times
08 Mon Jul 2024 39.58 39.05 39.60 38.50 0.265 times
05 Fri Jul 2024 39.77 39.90 40.00 38.41 1.192 times
04 Thu Jul 2024 39.17 39.87 39.87 38.60 0.398 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 38.8, but if it comes above 38.8, then a intra day buy could be more profitable.
If you take a sell trade below 38.8, then use 38.8 as stoploss and 38.3 as target. However if you take a buy trade in stock , then use 38.8 as stoploss and 39.18 as target.

Share price targets for Sh Steel (ShSteel)

Target Type Value
Downside Target 34.26
Downside Target 36.00
Downside Target 37.01
Downside Target 38.00
Upside Target 39.82
Upside Target 41.39
Upside Target 41.50
Upside Target 42.00
Upside Target 43.00
Upside Target 47.99
Upside Target 50.80

Intraday share price targets for Sh Steel (ShSteel)

Target Type Value
Downside Intraday Target 36.37
Downside Intraday Target 34.28
Upside Intraday Target 40.19
Upside Intraday Target 41.92
Downside Intraday Target 38.1

Weekly technical analysis of Sh Steel (ShSteel)

Date Weekly Closing Price Open High Low Volume
18 Thu Jul 2024 38.47 39.82 39.82 36.00 0.23 times
12 Fri Jul 2024 39.04 39.05 41.50 38.00 1.667 times
05 Fri Jul 2024 39.77 38.15 40.49 38.15 0.636 times
28 Fri Jun 2024 38.93 39.31 41.39 38.00 1.5 times
21 Fri Jun 2024 39.15 38.01 42.00 38.01 0.498 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
18 Thu Jul 2024 38.47 38.15 41.50 36.00 0.463 times
28 Fri Jun 2024 38.93 40.90 42.00 36.10 0.214 times
31 Fri May 2024 39.23 39.80 50.80 37.01 4.725 times
30 Tue Apr 2024 39.80 38.80 43.00 36.00 0.602 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)

Price action analysis of Sh Steel ( (ShSteel) ) based on a short 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.

Price action analysis of Sh Steel ( (ShSteel) ) based on a short 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.

Price action analysis of Sh Steel ( (ShSteel) ) based on a short to mid 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.

Price action analysis of Sh Steel ( (ShSteel) ) based on a mid to longer term time period is neutral. A longer time frame might give a better analysis.

ADX buy sell signal for Sh Steel stock for short term is SELL. Signal strength is Weak and stock is losing 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 weakening, and bulls are picking up momentum!

Ichimoku cloud is of red color and prices are below the red cloud Prices appear to be coming down

CCI has generated a SELL signal for Sh Steel in short term and SELL signal is strong!

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

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 39.23 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 positive

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

Price action analysis of Sh Steel ( (ShSteel) ) based on a short 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.

Price action analysis of Sh Steel ( (ShSteel) ) based on a short 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.

Price action analysis of Sh Steel ( (ShSteel) ) based on a short to mid 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.

Price action analysis of Sh Steel ( (ShSteel) ) based on a mid to longer term time period is neutral. A longer time frame might give a better analysis.

ADX buy sell signal for Sh Steel stock for short term is SELL. Signal strength is Weak and stock is losing 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 weakening, and bulls are picking up momentum!

Ichimoku cloud is of red color and prices are below the red cloud Prices appear to be coming down

CCI has generated a SELL signal for Sh Steel in short term and SELL signal is strong!

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

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 39.23 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 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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