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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 2023-09-13 View latest technical analysis

10 day averaged volume of Sh Steel is 9663

Date	Daily Closing Price	Open	High	Low	Volume
13 Wed Sep 2023	37.48	38.00	38.00	36.40	0.262 times
12 Tue Sep 2023	38.14	37.80	38.70	36.10	1.301 times
11 Mon Sep 2023	36.62	41.80	43.89	36.00	2.218 times
08 Fri Sep 2023	38.83	34.05	39.98	34.05	4.919 times
07 Thu Sep 2023	34.04	34.91	34.91	33.80	0.028 times
06 Wed Sep 2023	34.91	33.25	34.93	33.25	0.177 times
05 Tue Sep 2023	34.84	35.00	35.00	33.60	0.351 times
04 Mon Sep 2023	34.77	34.71	35.05	33.60	0.332 times
01 Fri Sep 2023	34.71	33.50	34.90	33.21	0.322 times
31 Thu Aug 2023	33.65	33.55	35.13	32.60	0.34 times

My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 36.4, but if it comes below 36.4, then a intra day sell could be more profitable.
If you take a sell trade below 36.4, then use 36.4 as stoploss and 34.68 as target. However if you take a buy trade in stock , then use 36.4 as stoploss and 38.5 as target.

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	33.21
Downside Target	34.99
Downside Target	36.00
Upside Target	37.50
Upside Target	39.98
Upside Target	42.69
Upside Target	43.89
Upside Target	46.40

Intraday share price targets for Sh Steel (ShSteel)

Target Type	Value
Downside Intraday Target	34.36
Downside Intraday Target	31.23
Upside Intraday Target	42.25
Upside Intraday Target	47.01
Upside Intraday Target	39.12

Weekly technical analysis of Sh Steel (ShSteel)

Date	Weekly Closing Price	Open	High	Low	Volume
13 Wed Sep 2023	37.48	41.80	43.89	36.00	0.651 times
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

Price has moved down 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
13 Wed Sep 2023	37.48	33.50	43.89	33.21	0.754 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 positive! This means that there is a strong uptrend in the stock for the given time period. Buyers are extremely bullish on the stock.

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.

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 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 and the buying is gaining momentum.

MRSI is in positive zone. This is a BUY zone

Although the stock is in the BUY zone, but buying 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 37.58 and Sh Steel (ShSteel) stock is trading below this level. This means that stock is falling with high volumes. VWAP is falling down

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.