(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 2023-01-24 View latest technical analysis
10 day averaged volume of Sh Steel is 1725
| Date | Daily Closing Price | Open | High | Low | Volume |
| 24 Tue Jan 2023 | 29.00 | 29.90 | 29.90 | 27.30 | 0.068 times |
| 23 Mon Jan 2023 | 28.50 | 28.00 | 28.50 | 28.00 | 1.274 times |
| 20 Fri Jan 2023 | 28.30 | 27.35 | 29.70 | 27.35 | 2.056 times |
| 19 Thu Jan 2023 | 29.25 | 28.00 | 29.25 | 28.00 | 1.201 times |
| 18 Wed Jan 2023 | 27.80 | 28.00 | 28.90 | 27.20 | 0.384 times |
| 17 Tue Jan 2023 | 28.95 | 30.25 | 30.25 | 26.75 | 1.421 times |
| 16 Mon Jan 2023 | 27.90 | 27.40 | 28.50 | 26.75 | 0.344 times |
| 13 Fri Jan 2023 | 28.25 | 28.50 | 28.50 | 28.00 | 0.345 times |
| 12 Thu Jan 2023 | 27.60 | 27.40 | 30.40 | 27.10 | 1.104 times |
| 11 Wed Jan 2023 | 28.05 | 28.50 | 32.00 | 26.75 | 0.853 times |
My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 28.6, but if it comes below 28.6, then a intra day sell could be more profitable.
If you take a sell trade below 28.6, then use 28.6 as stoploss and 27.84 as target. However if you take a buy trade in stock , then use 28.6 as stoploss and 29.4 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 |
| Downside Target | 27.30 |
| Downside Target | 28.50 |
| Upside Target | 29.90 |
| 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 | 27.57 |
| Downside Intraday Target | 26.13 |
| Upside Intraday Target | 30.17 |
| Upside Intraday Target | 31.33 |
| Downside Intraday Target | 28.73 |
Weekly technical analysis of Sh Steel (ShSteel)
| Date | Weekly Closing Price | Open | High | Low | Volume |
| 24 Tue Jan 2023 | 29.00 | 28.00 | 29.90 | 27.30 | 0.248 times |
| 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 |
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 |
| 24 Tue Jan 2023 | 29.00 | 26.00 | 32.00 | 26.00 | 0.645 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 | 26, 10, 45 | Buy |
| MACD | 1, 1 | Buy |
| Stochastics | 39 | None |
| CCI | 70 | Buy |
| RSI | 53 | Buy |
| OBV | -4107 | Sell |
| VWAP | 28 | Buy |
| ADL | 0 | Sell |
| ROC | 8 | Buy |
| Force Index | 0 | Sell |
Price action analysis of Sh Steel ( (ShSteel) ) based on a short 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 short 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 short to mid 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 mid to longer 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.
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 above 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
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 28.41 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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