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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 2024-07-02 View latest technical analysis

10 day averaged volume of Sh Steel is 3423

Date	Daily Closing Price	Open	High	Low	Volume
02 Tue Jul 2024	39.60	39.45	40.49	38.56	1.148 times
01 Mon Jul 2024	38.55	38.15	39.60	38.15	0.224 times
28 Fri Jun 2024	38.93	39.00	39.98	38.00	0.711 times
27 Thu Jun 2024	39.00	39.25	39.88	38.30	0.469 times
26 Wed Jun 2024	39.04	39.85	40.00	39.00	2.923 times
25 Tue Jun 2024	40.12	40.34	41.39	39.85	1.057 times
24 Mon Jun 2024	39.15	39.31	39.95	38.35	0.705 times
21 Fri Jun 2024	39.15	39.31	39.95	38.35	0.705 times
20 Thu Jun 2024	39.31	39.29	40.59	39.29	0.645 times
19 Wed Jun 2024	39.26	39.60	40.79	39.20	1.809 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 39.8 as stoploss in an intra day sell trade for a target of 38.91. However, stock will show a bullish move above 39.8.

Share price targets for Sh Steel (ShSteel)

Target Type	Value
Downside Target	34.26
Downside Target	36.00
Downside Target	37.01
Upside Target	40.25
Upside Target	40.49
Upside Target	41.01
Upside Target	41.39
Upside Target	42.00
Upside Target	43.00
Upside Target	47.99
Upside Target	50.80

Intraday share price targets for Sh Steel (ShSteel)

Target Type	Value
Downside Intraday Target	38.34
Downside Intraday Target	37.07
Upside Intraday Target	40.68
Upside Intraday Target	41.75
Downside Intraday Target	39.41

Weekly technical analysis of Sh Steel (ShSteel)

Date	Weekly Closing Price	Open	High	Low	Volume
02 Tue Jul 2024	39.60	38.15	40.49	38.15	0.234 times
28 Fri Jun 2024	38.93	39.31	41.39	38.00	1.5 times
21 Fri Jun 2024	39.15	38.01	42.00	38.01	0.498 times
14 Fri Jun 2024	40.00	39.96	40.25	37.50	1.13 times
07 Fri Jun 2024	38.99	40.90	41.01	36.10	1.285 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
02 Tue Jul 2024	39.60	38.15	40.49	38.15	0.056 times
28 Fri Jun 2024	38.93	40.90	42.00	36.10	0.214 times
31 Fri May 2024	39.23	39.80	50.80	37.01	4.725 times
30 Tue Apr 2024	39.80	38.80	43.00	36.00	0.602 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 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 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.

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 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 Weak and stock is gaining momentum.

MACD generated a BUY signal for Sh Steel in short term but the buy signal is initial and weak.

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 LOWS in short term which reflects strong selling momentum. Bears are weakening, and bulls are picking up momentum!

Ichimoku cloud is of red color and prices are in or above the red 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 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 39.26 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.