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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 2023-09-08 View latest technical analysis

10 day averaged volume of Sh Steel is 2402

Date	Daily Closing Price	Open	High	Low	Volume
08 Fri Sep 2023	38.83	34.05	39.98	34.05	19.791 times
07 Thu Sep 2023	34.04	34.91	34.91	33.80	0.111 times
06 Wed Sep 2023	34.91	33.25	34.93	33.25	0.711 times
05 Tue Sep 2023	34.84	35.00	35.00	33.60	1.411 times
04 Mon Sep 2023	34.77	34.71	35.05	33.60	1.335 times
01 Fri Sep 2023	34.71	33.50	34.90	33.21	1.296 times
31 Thu Aug 2023	33.65	33.55	35.13	32.60	1.367 times
30 Wed Aug 2023	34.20	34.22	34.22	33.40	0.05 times
29 Tue Aug 2023	34.22	31.70	34.45	31.52	1.27 times
28 Mon Aug 2023	33.72	33.49	34.25	32.81	1.31 times

Stock of Sh Steel (ShSteel) has showed a significant upmove. This could be a good time to enter in this stock!

Although my analysis for stock is bullish for shortterm, but stock is over bought and there are high chances of some profit booking tomorrow. You might want to sell the stock tomorrow in intra day with a stoploss of 37, for a target of 35.4 or 34.13

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
Downside Target	34.99
Downside Target	35.90
Downside Target	37.50
Upside Target	39.98
Upside Target	42.69
Upside Target	46.40

Intraday share price targets for Sh Steel (ShSteel)

Target Type	Value
Downside Intraday Target	34.73
Downside Intraday Target	30.62
Upside Intraday Target	41.46
Upside Intraday Target	44.08
Downside Intraday Target	37.35

Weekly technical analysis of Sh Steel (ShSteel)

Date	Weekly Closing Price	Open	High	Low	Volume
08 Fri Sep 2023	38.83	34.71	39.98	33.25	4.413 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, 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
08 Fri Sep 2023	38.83	33.50	39.98	33.21	0.466 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 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 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 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 37.45 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.