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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 2023-09-06 View latest technical analysis

10 day averaged volume of Sh Steel is 5189

Date	Daily Closing Price	Open	High	Low	Volume
06 Wed Sep 2023	34.91	33.25	34.93	33.25	0.329 times
05 Tue Sep 2023	34.84	35.00	35.00	33.60	0.653 times
04 Mon Sep 2023	34.77	34.71	35.05	33.60	0.618 times
01 Fri Sep 2023	34.71	33.50	34.90	33.21	0.6 times
31 Thu Aug 2023	33.65	33.55	35.13	32.60	0.633 times
30 Wed Aug 2023	34.20	34.22	34.22	33.40	0.023 times
29 Tue Aug 2023	34.22	31.70	34.45	31.52	0.588 times
28 Mon Aug 2023	33.72	33.49	34.25	32.81	0.606 times
25 Fri Aug 2023	32.72	33.03	33.85	32.12	0.526 times
24 Thu Aug 2023	32.77	33.90	34.50	32.45	1.338 times

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 35.2 as stoploss in an intra day sell trade for a target of 34.13. However, stock will show a bullish move above 35.2.

Share price targets for Sh Steel (ShSteel)

Target Type	Value
Downside Target	28.20
Downside Target	29.50
Downside Target	30.60
Downside Target	31.52
Downside Target	32.80
Upside Target	34.99
Upside Target	35.13
Upside Target	35.60
Upside Target	35.90
Upside Target	37.50
Upside Target	42.69
Upside Target	46.40

Intraday share price targets for Sh Steel (ShSteel)

Target Type	Value
Downside Intraday Target	33.76
Downside Intraday Target	32.6
Upside Intraday Target	35.56
Upside Intraday Target	36.2
Downside Intraday Target	34.4

Weekly technical analysis of Sh Steel (ShSteel)

Date	Weekly Closing Price	Open	High	Low	Volume
06 Wed Sep 2023	34.91	34.71	35.05	33.25	0.653 times
01 Fri Sep 2023	34.71	33.49	35.13	31.52	0.36 times
25 Fri Aug 2023	32.72	34.50	35.90	32.01	1.354 times
18 Fri Aug 2023	33.97	30.00	34.99	29.50	1.102 times
11 Fri Aug 2023	33.98	37.40	37.50	32.80	0.676 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
06 Wed Sep 2023	34.91	33.50	35.05	33.21	0.09 times
31 Thu Aug 2023	33.65	32.95	37.50	29.50	1.519 times
31 Mon Jul 2023	32.15	35.20	35.60	30.60	0.634 times
30 Fri Jun 2023	34.90	34.90	42.69	32.00	0.589 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 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 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 definitely negative. This means that there is a strong downtrend in the stock for given time period. Sellers are extremely active on this stock.

ADX buy sell signal for Sh Steel stock for short term is SELL. Signal strength is Weak 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 HIGHS, which reflects strong buying momentum in short term! Bulls 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 SELL signal for Sh Steel in short term but SELL signal is weak.

RSI is generating a SELL signal in short term and selling is picking up 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 33.86 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.