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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 2023-01-11 View latest technical analysis

10 day averaged volume of Sh Steel is 1799

Date	Daily Closing Price	Open	High	Low	Volume
11 Wed Jan 2023	28.05	28.50	32.00	26.75	0.818 times
10 Tue Jan 2023	26.85	28.70	28.70	26.35	0.974 times
09 Mon Jan 2023	27.45	27.00	27.50	26.10	0.257 times
06 Fri Jan 2023	27.00	28.30	28.30	26.95	0.702 times
05 Thu Jan 2023	27.00	27.00	28.00	27.00	0.246 times
04 Wed Jan 2023	27.10	27.35	28.00	26.55	1.593 times
03 Tue Jan 2023	28.40	27.95	31.40	26.35	3.24 times
02 Mon Jan 2023	26.95	26.00	28.00	26.00	1.713 times
30 Fri Dec 2022	27.15	26.75	28.00	26.75	1.013 times
29 Thu Dec 2022	28.00	28.00	28.00	27.00	0.021 times

My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 27.8, but if it comes below 27.8, then a intra day sell could be more profitable.
If you take a sell trade below 27.8, then use 27.8 as stoploss and 27.13 as target. However if you take a buy trade in stock , then use 27.8 as stoploss and 28.5 as target.

Share price targets for Sh Steel (ShSteel)

Target Type	Value
Downside Target	20.10
Downside Target	22.25
Downside Target	23.05
Downside Target	24.00
Downside Target	25.50
Upside Target	28.50
Upside Target	28.90
Upside Target	29.00
Upside Target	31.40
Upside Target	32.00
Upside Target	33.00

Intraday share price targets for Sh Steel (ShSteel)

Target Type	Value
Downside Intraday Target	25.43
Downside Intraday Target	22.82
Upside Intraday Target	31.33
Upside Intraday Target	34.62
Upside Intraday Target	28.72

Weekly technical analysis of Sh Steel (ShSteel)

Date	Weekly Closing Price	Open	High	Low	Volume
11 Wed Jan 2023	28.05	27.00	32.00	26.10	0.274 times
06 Fri Jan 2023	27.00	26.00	31.40	26.00	2.246 times
30 Fri Dec 2022	27.15	28.50	28.50	26.25	0.343 times
23 Fri Dec 2022	27.20	27.20	29.00	24.00	4.256 times
16 Fri Dec 2022	27.00	28.00	28.70	26.05	0.288 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
11 Wed Jan 2023	28.05	26.00	32.00	26.00	0.354 times
30 Fri Dec 2022	27.15	27.15	29.00	24.00	0.172 times
30 Wed Nov 2022	28.15	24.10	33.00	23.05	14.013 times
31 Mon Oct 2022	23.80	24.25	25.50	20.10	0.206 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 positive, but trend is highly volatile. A longer time period analysis might give a better idea of the trend.

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 is trading near its recent LOWS in short term which reflects strong selling momentum. Bears are weakening, and bulls are picking up momentum!

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 and the buying is gaining momentum.

MRSI is in negative zone. This is the SELL zone

Although the stock is in the SELL zone, but selling 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 27.53 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 negative.

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