(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 2023-01-20 View latest technical analysis
10 day averaged volume of Sh Steel is 1323
| Date | Daily Closing Price | Open | High | Low | Volume |
| 20 Fri Jan 2023 | 28.30 | 27.35 | 29.70 | 27.35 | 2.68 times |
| 19 Thu Jan 2023 | 29.25 | 28.00 | 29.25 | 28.00 | 1.565 times |
| 18 Wed Jan 2023 | 27.80 | 28.00 | 28.90 | 27.20 | 0.501 times |
| 17 Tue Jan 2023 | 28.95 | 30.25 | 30.25 | 26.75 | 1.853 times |
| 16 Mon Jan 2023 | 27.90 | 27.40 | 28.50 | 26.75 | 0.449 times |
| 13 Fri Jan 2023 | 28.25 | 28.50 | 28.50 | 28.00 | 0.45 times |
| 12 Thu Jan 2023 | 27.60 | 27.40 | 30.40 | 27.10 | 1.439 times |
| 11 Wed Jan 2023 | 28.05 | 28.50 | 32.00 | 26.75 | 1.113 times |
| 10 Tue Jan 2023 | 26.85 | 28.70 | 28.70 | 26.35 | 1.324 times |
| 09 Mon Jan 2023 | 27.45 | 27.00 | 27.50 | 26.10 | 0.35 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 bullish for shortterm, but stock is in semi over bought zones and there are some chances of seeing a fall tomorrow. Use 28.4 as stoploss in an intra day sell trade for a target of 27.69. However, stock will show a bullish move above 28.4.
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 | 29.00 |
| Upside Target | 30.25 |
| 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 | 26.62 |
| Downside Intraday Target | 24.93 |
| Upside Intraday Target | 30.12 |
| Upside Intraday Target | 31.93 |
| Upside Intraday Target | 28.43 |
Weekly technical analysis of Sh Steel (ShSteel)
| Date | Weekly Closing Price | Open | High | Low | Volume |
| 20 Fri Jan 2023 | 28.30 | 27.40 | 30.25 | 26.75 | 1.507 times |
| 13 Fri Jan 2023 | 28.25 | 27.00 | 32.00 | 26.10 | 0.459 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 |
Price has moved up 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 Jan 2023 | 28.30 | 26.00 | 32.00 | 26.00 | 0.598 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 | 14.169 times |
| 31 Mon Oct 2022 | 23.80 | 24.25 | 25.50 | 20.10 | 0.204 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)
| Indicator Name | Indicator Value | Indicator Signal |
| ADX | 23, 11, 34 | Buy |
| MACD | 1, 1 | Buy |
| Stochastics | 40 | None |
| CCI | 39 | Sell |
| RSI | 56 | Buy |
| OBV | 512 | Sell |
| VWAP | 28 | Buy |
| ADL | 0 | Sell |
| ROC | 5 | Buy |
| Force Index | 0 | Sell |
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 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 mid to longer 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
ADX buy sell signal for Sh Steel stock for short term is BUY. Signal strength is Strong and stock is losing momentum.
MACD generated a BUY signal for Sh Steel in short term and the buy 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 green color and prices are in or below the green cloud Prices appear to be coming down
CCI has generated a SELL signal for Sh Steel in short term but SELL signal is weak.
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 28.19 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 positive
Force Index is moving in a negative zone, which indicates selling momentum for short term... Selling momentum is getting weaker.
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